The amount of a grant and you will/otherwise loan is at the mercy of brand new review of the monetary facts

• become aged 29 otherwise less than;
• feel the correct off abode regarding Hong-kong Special Administrative Part (Hong-kong) otherwise features resided otherwise have had your property from inside the Hong kong continuously having 3 complete years before the commencement of one’s course*.

1. college student visas/admission permits;
2. visas /entry permits beneath the Immigration Agreements having Low-regional Graduates; otherwise
3. depending visas/entry it allows which were approved in it because of the Movie director from Immigration when they was basically 18 yrs . old otherwise over.)

* Individuals without the right of residence inside Hong-kong (without having any alphabet «A» underneath the Date from Beginning realm of the brand new Hong kong Term Card) should also bring a duplicate of their entryway it allows so you can Hong Kong, elizabeth.g. one-ways enable/depending charge, etc., through its apps.

• tuition charges payable, capped in the $89,080 towards educational year; and
• academic expenses regarding $8,620 with the educational year.

• first bills from $55,560 for informative year

The brand new Low-means-tested Loan Design having Article-second Pupils (NLSPS)

Apart from the FASP, you may want to apply for the newest NLSPS that offers guidance within the the type of financing(s). Is eligible for the NLSPS, you should be a full-big date college student off a qualified program according to the FASP. The fresh NLSPS works towards a complete-pricing data recovery basis. Notice is decided from the Government’s zero-gain-no-losings price together with a risk-modified grounds which seeks to purchase government’s exposure into the disbursing personal loans, as loan is actually taken down. This new Money Committee of your own Legislative Council has approved to minimize the danger-adjusted grounds to no with feeling in the academic seasons, additionally the arrangement happens to be lower than remark.

For folks who make an application for brand new NLSPS merely, maximum amount borrowed is capped within annual university fees charges payable into direction significantly less than app.

For those who submit an application for financial assistance below the FASP and you can NLSPS, the maximum financial assistance you are able to discover not as much as those two plans was capped during the annual university fees costs payable into the path significantly less than software while the restriction level of educational expenses give and you may cost of living financing out of FASP. If you have acquired people financial assistance underneath the FASP, the maximum amount of NLSPS mortgage will be the difference between the real financial assistance you can even discover according to the FASP and you will maximum financial help you may discovered lower than these strategies, subject to the newest NLSPS financing restrict (equivalent to the latest university fees costs payable) not exceeded.

Which have effect regarding the educational year, a mixed lives-date loan limitation are enforced with the pupils eligible for acquiring funds within the NLSFT and NLSPS. The new joint lifestyle-day financing restrict is rate-modified a-year according to the path of the Chemical User Speed Directory. Mortgage disbursed about informative seasons and you may ahead is mentioned into the combined lifestyle-date mortgage maximum, which is not regarding revolving characteristics and won’t be reset from the any repayments.

Most other Systems

Prolonged Non-means-looked at Loan Program (ENLS)Pupils who’re looking for specific part-some time full-day article-second and continuing and you can elite studies programs offered inside Hong-kong get sign up for the latest ENLS mortgage in order to meet their tuition charges. The fresh ENLS works toward a complete-pricing data recovery basis. Appeal is determined at the Government’s zero-gain-no-losings rates and a danger-adjusted foundation hence aims to pay for Government’s chance in disbursing personal bank loan. The fresh Loans Committee of your Legislative Council enjoys recognized to minimize the danger-modified basis in order to no having effect in the academic year, additionally the arrangement is below comment. Know that when your loan application underneath the ENLS try accepted while the loan are pulled down, you are responsible for mortgage fees therefore the notice accrued. Hence, it’s to your advantage to help you prudently look for the ideal path and you may direction seller.