The invention relates to a preparation method of a fiber with high water absorption, which is a method for preparing the fiber with high water absorption by a post-crosslinking agent. According to the preparation method, the fiber with high water absorption is prepared from acrylic acid (AA) and acrylamide (AM) which are partly neutralized and taken as polymerized monomers through the steps of: blending the polymerized monomers with polyving akohol (PVA), initiating by potassium persulfate (KPS), blending and polymerizing in an aqueous solution, adding a dialdehyde solution to obtain a mixed solution serving as a post-crosslinking agent solution, mixing to be uniform and defoaming to obtain a spinning stock solution; dry-wet spinning the spinning stock solution to form a nascent fiber; and heat-treating the nascent fiber at a certain temperature to generate a crosslinking reaction, thereby forming the three-dimensional net-structured fiber with high water absorption. According to the preparation method, the implosion phenomenon which easily occurs during polymerization of the traditional polymer solution with high water absorption is avoided, the preparation technology is simple and safe, the production cost is reduced, and the production efficiency is increased; and the obtained water-absorbing fiber has high and controllable water adsorption, thermostability, capability of being repeatedly used, and long residual action.