From the precise poverty alleviation period of eliminating absolute poverty to the "post -poverty alleviation" period of relieving relative poverty, local universities and colleges are faced with the transformation trend of funding students in terms of objects, goals, methods and management. Xi Jinping's thought of poverty alleviation by education provides a value and theoretical guidance, and a path for the transformation of local universities and colleges' funding for students. To construct the transformation path of funding students in local universities and colleges in the post-poverty alleviation period, we should explore from four aspects: realizing accurate resource allocation, multi-dimensional funding methods, diversified funded subjects and intelligent funding management.