College students’ returning home entrepreneurship is an important way to promote the strategies of rural revitalization and alleviate the employment pressure on college students. Based on the text of college students’ returning home entrepreneurship poli? cy, this paper evaluates the policy by constructing a three - dimensional framework of policy tools, development stages, and stakehold? ers. The study finds that college students’ returning home entrepreneurship has attracted continuous attention and high concentration from the government. Environmental and supply - oriented policy tools are overused, while demand - oriented policy tools are underuti? lized; Policy measures mainly focuses on the start - up and growth stages, and rarely involves the mature stage; Policy attention is mainly focused on core stakeholders such as returning entrepreneurs and returning entrepreneurial enterprises, with less attention paid to secondary stakeholders such as financial institutions and universities. Based on this, it is recommended to deeply optimize the overall structure of policy tools and improve the supply of demand - oriented policies; Strengthen the matching degree between policy measures and the life cycle of returning home entrepreneurship, and increase policy support in the mature stage; Coordinate and balance the in? terests of all participants, and promote financial institutions, universities, and other stakeholders to provide support for college students’ returning home entrepreneurship.