The purpose of this research is to identify, assess and provide solutions to the psychological challenges faced by university students obtaining state bursaries. The research methodology employed in this study is a mixed-methods design. This study took a two-pronged approach, presenting a questionnaire to 360 bursary-receiving university students and completing semi-structured interviews with a chosen group of ten people at Guangxi Liuzhou University. Utilizing purposive sampling, semi-structured interviews were executed with a select cohort of two financial aid personnel, two counselors, and six bursary recipients, facilitating a comprehensive comprehension of the prevailing circumstances. The data collection tools included Internet questionnaires and in-person interviews. The acquired data was then thoroughly examined utilizing statistical methods such as frequency distribution, percentage computation, and analysis of variance (ANOVA). The investigation revealed that students' psychological difficulties are consistent with the six-factor model's flaws and have multiple causes. The study suggests strategies to address these challenges, such as improving students' psychological well-being education and encouraging self-acceptance, personal growth, autonomy and interpersonal interactions.