The invention discloses a pollution-free low-cost technology for preparing graphene oxide. The technology comprises the following steps: 1, mixing graphite with a strong acid to infiltrate graphite, adding a strong oxidant, and continuously stirring to oxidize and exfoliate graphite layers; 2, centrifuging the obtained reaction solution, recovering the strong acid to be used in a next reaction, slowly pouring the obtained muddy product into deionized water, stirring, washing by using dilute hydrochloric acid, repeatedly cleaning by using deionized water, and centrifuging to obtain monolayer graphene oxide; 3, introducing ammonia gas into wastewater until the pH value approaches 7 to obtain an inorganic fertilizer containing nitrogen, potassium, iron and phosphorus; and 4, concentrating an aqueous solution of graphene oxide, and drying to obtain graphene oxide with high density and high specific surface area. The technology has the advantages of simple, safe and controllable preparation process, less time and energy consumption, no explosion danger and no pollution. The cycle use of concentrated sulfuric acid in the raw material-to-fertilizer process makes all raw materials and elements fully used, so the preparation cost of graphene oxide is greatly reduced.