Financial Assistance

Financial Aid for Undergraduates (for local students only)

Government Financial Assistance Schemes

The Working Family and Student Financial Assistance Agency (WFSFAA) of the Hong Kong SAR Government provides the following financial aid schemes to local students:

Financial Assistance Scheme for Post-secondary Students (FASP) offered by HKSAR provides means-tested financial assistance including grant (tuition fees, academic expenses and hostel subsidy) and/or living expenses loan to needy local full-time undergraduates aged 30 or below. The FASP for 2024/25 academic year is now open for online application. Please visit the online platform “SFO E-link –My Applications” to submit application. Applicants are advised to submit their online applications as early as practicable. They must read through FASP Guidance Notes and Online Demonstration before submitting their applications.

Application Deadline

  • For Continuing Students: Please submit your application as soon as possible (recommended submission schedule was 7 June 2024).
  • For New Students: The submission schedule will be announced later.
  • Applications should reach the Student Finance Office (SFO) no later than 17 January 2025.

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Enquiries
Please contact Working Family and Student Financial Assistance Agency (WFSFAA) on 2152-9000.

(Last update: 27 June 2024)

Non-means-tested Loan Scheme for Post-secondary Students (NLSPS) offered by HKSAR provides a non-means-tested loan to needy local full-time undergraduates. Only full-time undergraduate students are eligible for this scheme. The NLSPS for 2024/25 academic is now open for online application. Please visit the online platform of “SFO E-link –My Applications” to submit application. Applicants are advised to submit their online applications as early as practicable. They must read through NLSPS Guidance Notes and Online Demonstration before submitting their applications.

Interest and Administrative Fee: please refer to the website of WFSFAA for details. 

Application Deadline

  • For Continuing Students: on or before 7 June 2024
  • For New Students: submission schedule will be announced later.
  • The e-platform will be open for NLSPS application until 17 January 2025.

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Enquiries

Please contact Working Family and Student Financial Assistance Agency (WFSFAA) on 2150-6222.

(Last update: 6 May 2024)

Only full-time undergraduate students are eligible for this scheme.

Undergraduate students are only eligible to apply if they reside more than 10 minutes walking distance away from school and require public transport for travelling to school. Applicants should apply for this subsidy under FASP.

Read more: Student Travel Subsidy for Tertiary or Post-secondary Students (STS)

HKSYU Financial Assistance Schemes

HKSYU promotes benevolence and nurtures learned and capable students. HKSYU Financial Assistance Scheme is set up to assist students at economic disadvantages to release their financial burdens, with the hope that they can complete their studies and give back to the society. HKSYU offers a number of financial assistance schemes including:

For needy local students with good moral character and good academic performance

For needy local students with good moral character and good academic performance with the necessity of accommodation

For SYU students experience unexpected events in family causing severe financial difficulties. Cases below are considered to be unexpected events:

1. Sudden decease of applicant’s breadwinner(s) in family due to natural disasters or accidents.
2. Person(s) stated in (1) above lose working ability caused by accidents.
3. Person(s) stated in (1) above have to bear heavy medical expenses due to sudden severe illness(es).
4. Sudden decease of immediate family members (e.g. parents, siblings) due to natural disasters or accidents.
5. Applicant or parent(s) have already gone into bankruptcy during the past four years or have bankruptcy petition currently.

Needy students may contact the Office of Student Affairs for emergency assistance throughout the academic year.

Financial Aid for Postgraduates (for local students only)

Extended Non-means-tested Loan Scheme (ENLS)

ENLS is set up by HKSAR government, the ENLS provides financial aid in the form of loans to eligible students to settle the tuition fees of specific post-secondary / continuing and professional education courses in Hong Kong. The ENLS for 2023/24 academic year is now open for application. Please visit the online platform of “SFO E-link –My Applications” for application submission. The application deadline is 31 July 2024.

Interest Rate: Please check the interest rate of ENLS from the website of WFSFAA.

Enquiries: Please contact the WFSFAA on 2150-6223.

Read more: Extended Non-Means-Tested Loan Scheme (ENLS)

Other External Financial Assistance Schemes

Undergraduate students who have financial difficulties may contact Office of Student Affairs for interest-free loans. The amount of interest-free loan is determined on a case-by-case basis. Needy students may apply during the academic year.

Available interest-free loans:

  • Sing Tao Charitable Foundation Students’ Loan Fund
  • Winsor Education Foundation Students’ Interest-Free Loan Programme

Students may complete the Request Form and return it with the supporting documents to the OSA for further discussion.

The MTR continues to offer concessionary fares to eligible students in 2024/2025 through the MTR Student Travel Scheme. Full-time HKSYU students who are aged under 26 are eligible to apply. (An applicant’s age is determined by the date the application is submitted.)

To enjoy MTR concessionary fares, students must apply for the MTR Student Travel Scheme and possess a Personalized Octopus or Personalized Mobile Octopus with valid “Student Status”.

Application Type
[1] New application – need to obtain a new Personalized Octopus or Personalized Mobile Octopus with photo (HK$90)
[2] Renewal application / New application – already carrying a Personalized Octopus or Personalized Mobile Octopus (HK$20)*

Submission of Application

  • Online Application
  • Hard Copy Application
    • Obtain an application form from any MTR Customer Service Centre^ or download an application form from MTR website  from 1 September 2024.
    • Get the University’s endorsement at the OSA in person by presenting (i) a completed application form, (ii) Student ID card, and (iii) HKID card
    • Submit the endorsed application form to any MTR Customer Service Centre^
    • Activate “Student Status” via Octopus App or at MTR Customer Service Centre^ upon successful application

*If your “Student Status” expires on 31 October 2024 and it is not Renewed, full adult fares will be deducted from your Personalised Octopus or Personalised Mobile Octopus when you travel on the MTR.

^Except Airport Express stations, Lo Wu, Lok Ma Chau, Racecourse, Disneyland Resort, Sunny Bay, Wong Chuk Hang, Lei Tung, South Horizons, Hin Keng, Kai Tak, Sung Wong Toi and To Kwa Wan stations

Read more:

For further inquiries, please contact the MTR hotline at 2881-8888.

KMB Fare Saver Kiosk 九巴大專優惠站

Passengers with Adult or Student Octopus can receive a $4 fare discount after taking the first trip on KMB by simply tapping the card at the campus Fare Saver kiosk and using the card to take the second trip on KMB within the same Business Day*.There is no limit to the number of discounts enjoyed per passenger per day, but passengers must follow the “Ride-Tap-Ride”「先乘搭，後拍卡，再乘搭」 procedure to enjoy the $4 fare discount.

Location of the campus Fare Saver Kiosk: 1/F, Residential & Amenities Complex (Image)

*The definition of Business Day is the period starting at 4:45:00 a.m. on any date and ending at 4:44:59 a.m. on the subsequent date.

Please click here for more details. 

Understand Your Financial Needs

The IFEC is a public organization and a subsidiary of the Securities and Futures Commission, HKSAR, dedicated to improving financial literacy in Hong Kong. The IFEC promotes and delivers free and impartial investor and financial education resources and programmes through its consumer education platform, The Chin Family.

Tips to tertiary students on financial management: