Abstract：Lack of funds restricts college students' entrepreneurship. Have the development of internet finances brought new expectation to solve the problem？ This paper uses college education quality and student development survey data to study if online lending can enhance the entrepreneurial intention (EI) of Chinese college students. The results show that endogenous problems lead to the overestimation of the role of online lending on college students' EI. IV estimates show that online lending has a significantly negative impact on college students' EI. The conclusion is very robust， regardless of estimation methods or subsample. Further research finds that college students with online lending have significantly greater tendency to establish a new sense of social norms and repayment on time， and also have a higher tendency to obtain financial investment income，certain financial knowledge can significantly increase the willingness to start a business. Therefore， in order to promote entrepreneurship among college students， beside improving supervision and eliminating bad campus loans， it is more important to strengthen the popularization of financial knowledge.
2021, Vol. 60 
