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:

1. Financial Assistance Scheme for Post-secondary Students (FASP)

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 full-time undergraduates aged 30 or below. The FASP for 2022/23 academic year is now open for application. Please visit the online platform of “SFO E-link –My Applications” to submit application.

 

Closure of FASP E-submission Platform for 2022/23 - 14 January 2023
For maintenance of the platform for e-submission of FASP applications, the platform will be closed starting from 14 January 2023.

 

Late FASP Application
Late applicants should submit their FASP applications by using the designated application form and submitting it to the WFAFAA in hardcopy. All late applications would only be processed for circumstances that are beyond the control of individual applicants and will only be considered on individual merits. Applicants must give detailed justifications with documentary proofs for their late applications in writing.

 

In any case, late applications together with all necessary supporting documents must reach the WFSFAA by 31 March 2023.

 

How to Obtain Application Form after Closure of E-submission Platform

For FASP, late applicants should contact the WFSFAA (Tel: 3102 3651 / 3102 3652) for obtaining application forms through email. Stamps from university on the explanation letter and covering of the application are NOT required. Applicants should submit the application to Application and Hotline Unit by 3 March 2023.

 

Address: 12/F, One Mong Kok Road Commercial Centre, 1 Mong Kok Road, Kowloon (near Exit A2 of Mong Kok MTR Station)

 

Enquiries:
Please contact the WFSFAA on 2152-9000.

 

Read more:

(Updated on 4 January 2023)

2. Non-means-tested Loan Scheme for Post-secondary Students (NLSPS)

Non-means-tested Loan Scheme for Post-secondary Students (NLSPS) offered by HKSAR provides a non-means-tested loan to needy full-time undergraduates. Only full-time undergraduate students are eligible for this scheme. The NLSPS for 2022/23 academic year is now open for application. Please visit the online platform of “SFO E-link –My Applications” to submit application.

 

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

 

Closure of NLSPS E-submission Platform for 2022/23 - 14 January 2023
For maintenance of the platform for e-submission of NLSPS applications, the platform will be closed starting from 14 January 2023.


Late NLSPS Application
Late applicants should submit their NLSPS applications by using the designated application form and submitting it to the WFAFAA in hardcopy. All late applications would only be processed for circumstances that are beyond the control of individual applicants and will only be considered on individual merits. Applicants must give detailed justifications with documentary proofs for their late applications in writing. In any case, late applications together with all necessary supporting documents must reach the WFSFAA by 31 March 2023.

 

How to Obtain Application Form after Closure of E-submission Platform

For NLSPS, late applicants can download the application form from the WFSFAA website after closure of the E-submission platform. University’s stamp is NOT required on the late application. The application form and the required documents should be submitted to the WFSFAA by mail or using the WFSFAA drop-in boxes located on 11/F (during office hours) or in the G/F lift lobby (outside office hours) of the Cheung Sha Wan Government Offices. Details will be announced on the WFSFAA website.

 

Accept the Loan:

Applicants who wish to accept the loan(s) should submit loan documents and related supporting documents to the SFO through the following channels:

  1. by mail (Address: Counter Service Unit, Student Finance Office, Working Family and Student Financial Assistance Agency, 11/F, Cheung Sha Wan Government Offices, 303 Cheung Sha Wan Road, Kowloon)
  2. use the drop-in box inside the Reception Hall on 11/F, Cheung Sha Wan Government Offices (during office hours)
  3. use the drop-in box on G/F, Cheung Sha Wan Government Offices (after office hours)

Enquiries:

Please contact the WFSFAA on 2150-6222.

 

Read more:

(Updated on 4 January 2023)

3. Student Travel Subsidy for Tertiary or Post-secondary Students (STS)

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:

1. Bursary / Tuition remission

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

2. Hall Bursary

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

3. Emergency Assistance

For Full-time SYU undergraduates 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 2022/23 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 2023.

 

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

1. Interest-Free Loans (for local students only)

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.

2. MTR Student Travel Scheme 2022/23

Full-time HKSYU students who have not yet reached 26 at the time of application and wish to enjoy MTR concessionary fares should apply for the MTR Student Travel Scheme. Students must possess a Personalised Octopus (with photo) and a valid “Student Status”.

 

Type of application

  • Renewal application (HK$20)
  • New application – to obtain a new Personalised Octopus (HK$90)
  • New application – already carrying a Personalised Octopus (HK$20)

Application method

  1. Online Application (starting from 18 August 2022)
    1. Submit online application via MTR Mobile App or MTR Website
    2. Activate “Student Status” via Octopus App
  2. Hard Copy Application (starting from 1 September 2022)
    1. Obtain the application form from any MTR Customer Service Centre*
    2. Get University’s endorsement at the OSA by presenting (i) completed application form, (ii) Student ID card, and (iii) HKID card
    3. Submit the endorsed application form to any MTR Customer Service Centre*
    4. Activate “Student Status” via Octopus App or at MTR Customer Service Centre*
      *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 on 2881-8888.