The Chinese financial aid system intends to increase the affordability of postsecondary education and provide access to college for disadvantaged students. However, the research base for access to aid in China is extremely thin. Using data from a large cross-sectional survey in Beijing, this study found that attending selective institutions with high-ability peers was positively correlated with the amount of aid awarded and the probability of receiving aid. Female students, students with college-educated fathers, and students from poorer households were expected to receive more aid. Junior and senior students along with more able individuals in science-related majors obtained significantly more financial assistance. (Contains 4 tables.)