With the implementation of the new academic structure in the 2012/13 academic year, it is expected that there will be an increase in the number of continuing students enrolled in programmes covered by the Tertiary Student Finance Scheme – Publicly-funded Programmes (TSFS), as well as the total number of TSFS applications in the 2013/14 academic year compared with the 2012/13 academic year. In this regard, please make sure that your application form (for both continuing and new students) is submitted, with all information completed together with the required supporting documents and information, on or before the deadline so that your application could be processed promptly. The Student Financial Assistance Agency (the Agency) will accord priority to those applications with complete information upon submission. In addition, should the Agency request supplementary information to help process your application, please adhere to the deadline set. Otherwise, the processing time of your application and disbursement schedule of financial assistance may be delayed.
Tertiary Student Finance Scheme (TSFS)
(2) Tertiary Student Finance Scheme (TSFS) Introduction
(3) The Importance of Providing True and Complete Information
(4) Commonly Omitted Items
(5) Payment and Repayment Arrangement
(6) Prudent Financial Management and Conclusion
(7) Consequences of Default
(8) SFAA E-Link
Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT)
The TSFS provides
means-tested financial assistance to full-time students who are in
need. It aims to ensure that no eligible student who has been offered a
place in one of the institutions covered by this scheme would be unable
to accept it because of lack of means. Financial assistance is provided
in the form of a grant and/or loan.
You are registered as a
full-time student and take up an exclusively University Grants
Committee-funded or exclusively publicly-funded student place of a *recognized courses at one of the following institutions in the 2013/14 academic year:
(For financial assistance available at the
respective institutions, please refer to the homepage of the
institutions by clicking the name of the institution listed above.)
* (For details of the recognized courses, please
consult your institution)
You have the right of
abode in the Hong Kong Special Administrative Region (Hong Kong) or
have resided or have had your home in Hong Kong continuously for three
complete years prior to the commencement of the course. This does not cover students staying in Hong Kong holding student visas.
Your eligibility is
restricted to only one eligible full-time course at any one time.
If you are eligible
to apply for assistance under the Tertiary Student Finance Scheme –
Publicly-funded Programmes in the 2013/14 academic year, you may also
apply for subsidy under the Student Travel Subsidy Scheme (STS).
of Financial Assistance
Financial assistance is
provided in the form of a grant and/or loan. The grant is to cover
tuition fees, academic expenses and compulsory union fees. The loan is
for living expenses and is interest-bearing at 1.0% per annum
chargeable from the commencement of the repayment period.
- Maximum Level of Financial Assistance
The maximum amounts for
the grant and the loan for the 2013/14 academic year will be provided
to the institutions in about July 2013. Applicants may check with their
institutions the maximum level of assistance applicable to their course
of study if they so wish.
The maximum grant for a student is equal to the tuition fee (not
including continuation fee for postgraduate courses) payable to the
concerned local institution and academic expenses for his/her course of
study plus the compulsory union fees. For students attending full-year
placement / industrial training, academic expenses is not normally
offered unless the institutions advise that expense related to academic
study is required. Such cases will be considered on individual merits.
The maximum loan for living expenses is the same for all students. The maximum loan is $40,960 for 2013/14 application.
- Calculation of Financial Assistance
Depending on your
financial circumstances, you may be eligible for a grant and/or loan.
You can calculate for yourself the likely amount that you might receive
by assessing your "Adjusted
Family Income" (24KB) (AFI) against
the Ready Reckoner. The Ready Reckoner shows the percentage of the
maximum financial assistance for your AFI group. The resulting amount
will then be further reduced by the percentage set out against the Net
Asset Value per family member as shown in the "Sliding
Scale of Asset Value for Discounting Grant and Loan Assistance" (25KB).
If you wish to obtain a rough estimate of the amount of assistance that
you could receive, you may refer to the calculator at the homepage.
for the Level of Financial Assistance
There is a calculator to enable you to obtain
a rough assessment of the amount of financial
assistance you might obtain from the TSFS. Please note that the Agency
will normally accept the information reported based on the documentary
proof provided. If documentary proofs provided are NOT
substantiated (e.g. self-written statement of income or
unexplained prolonged unemployment), the Agency may need to
make adjustments and apply benchmark figures on the basis of
statistical information provided by the relevant government
departments, such as the Census and Statistics Department, the Rating
and Valuation Department, and the Transport Department etc. to assess
the income and/or net value of the assets held by the family member
concerned. The Agency may apply projected figures in the family income
in the assessment if necessary.
A Workflow of Application Processing highlights the steps of application processing. Please scroll down for details.
- Submission of Applications
complete an application form for the TSFS by using the computer. The
form can be downloaded from the Agency's webpage (http://www.sfaa.gov.hk/eng/public/index.htm#tsfs)
Please study the Guidance Notes carefully before you complete the form.
Applicants should submit the completed application form together with photocopies of supporting documents (e.g. copies of income proof and bank accounts showing all transactions in previous financial year etc.) on or before the deadline. If applicants and their siblings are both continuing students or new students and apply for the TSFS simultaneously, they should refer to the submission arrangement, including the submission deadline, location, etc., of respective institutions.
deadlines of respective institutions are stipulated in the Guidance
Notes of the TSFS. For submission location and detailed arrangement, please refer to the announcement of individual institution.
arrangements will be made for you and your father and/or mother to be
interviewed by our staff at our office.
You will be
required to bring to the interview for your examination all the
originals of the following supporting documents -
such as Employer's return of Remuneration and Pensions to Inland
Revenue Department (I.R. 56B), Tax Demand Note, pay slips, properly
signed Profit and Loss Accounts for business, etc.
such as all bank passbooks and monthly statements for savings accounts,
deposit slips for time deposits, properly signed Balance Sheet for
medical expenses, and
supporting documents as specially requested.
interview, your father or mother will be required to make a declaration
at this Agency, according to the Oaths and Declarations Ordinance
(Chapter 11 of the Laws of Hong Kong), that the information given in
the application is true and complete.
- Notification of Result
In general, for
application containing complete information at
the time of application, the Agency pledges to issue the
notification of result to the applicants as follows -
whichever is the later.
90% to be issued
within 60 days from the date of the Agency's acknowledging receipt of
to be issued around
mid-July (when the parameters for setting the maximum grants and loans
When the information provided is incomplete or
inconsistent, the Agency will require you to -
information from your institution (e.g. the amount of studentship /
placement income for students receiving studentship or attending
training / placement / internship with pay, the amount of tuition fee
payable for repeaters, etc.); or
attend an interview
at our office.
In these cases, the processing time will be longer than the period
mentioned above as priority will then be given to handle those
applications with complete information at the time of application.
- Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT)
You will be informed of
the financial entitlement you are entitled under the TSFS and the NLSFT
simultaneously in your TSFS notification of result. If you wish to
accept the NLSFT loan offered, you may obtain the required loan documents
from your institution or this Agency and submit the loan documents and
the bank pay-in slip for the administrative fee paid in person or
authorize a person to do so on your behalf to this Agency on or before
the deadline stated in your TSFS notification of results.
If you wish to apply
for the NLSFT only, you should complete the NLSFT Application Form [NLSFT
112A(2013) or NLSFT 112B(2013)], in which case the administrative fee is
payable upon application. You should also observe the application
deadlines set out in the Application Guidance Notes for the NLSFT [NLSFT
111A(2013) or NLSFT 111B(2013)] and submit the completed form [NLSFT
112A(2013) or NLSFT 112B(2013)] to the Agency via your institution. The
form can be downloaded from the Agency's homepage (http://www.sfaa.gov.hk/eng/public/index.htm#nls).
Arrangement & Loan Documents
The approved grant and/or loan will be paid in two equal instalments. When you complete the undertaking and deed of indemnity, you will need to state the amount of loan that you wish to accept for the whole academic year. The first instalment of grant will be credited to your bank account within 2-3 weeks from the date of issuance of the notification. If you return the undertaking and deed of indemnity by the specified deadline, the Agency will deposit the first instalment of the loan payment into your bank account within 2-3 weeks from the deadline. The documents we require are:
loan undertaking signed by you and attested,
the completed Deed of Indemnity signed by your indemnifier and attested (if you have genuine difficulties in nominating a qualified indemnifier, you can write to the Agency to set out your circumstances and apply for relaxation of the requirement. The Agency will consider each case on its own merits),
the completed indemnifier details input form,
copies of the
Hong Kong Identity Cards of your indemnifier, witness and your own with
respective holder's signature on it, and
authorization form if you authorize another person to hand in the above
documents on your behalf. You can make use of the form printed on the
last page of the 'Notice of Offer'.
- Before you apply for loans, you should consider carefully about your need and repayment ability.
Please read the tips on early financial planning.
you hand in the documents to the Agency, please also bring with you the
Notification of Result of your application.
The second instalment of the grant and loan will be made in December 2013 or January 2014. After February 2014, depending on the issuance date of notification and the date of submitting the undertaking and deed of indemnity, the financial assistance may be credited to your designated bank account in one single instalment.
If you have sufficient
grounds/justification for adjusting the amount of financial assistance
offered to you, you may apply to this Agency for a review of the level
of financial assistance within three weeks from the date of
notification of result. Each applicant may only request for a review
once for each academic year. The completed "Application
for Review Form", together with detailed justifications and
relevant supporting documents, should be submitted to the Appeal Section of the TSFS of this Agency. The form could be obtained from the webpage of the Agency (http://www.sfaa.gov.hk/eng/public/index.htm#tsfs).
If after the submission of
your 2013/14 Tertiary Student Finance Scheme – Publicly-funded
Programmes application, there is a substantial change to the family and
financial circumstances, which you consider may significantly affect
the support you may obtain from your family, you may seek for a review
of the amount of assistance you have already obtained within the
following deadline :
- Within three weeks from the date of
issue of the notification of result;
- On or before 31.3.2014.
whichever is the later
You will be notified of the
review result within 10 weeks from the date of the Agency's
acknowledging receipt of the application for review. However, the
processing time of your application will be longer if the information
provided is incomplete and the Agency requires you to give an
explanation or provided supplementary information; or referral to the
Review Sub-Committee (RSC) for final decision is required due to
special family circumstances. Members of the RSC include
representatives from student unions and their institutions covered by
You may choose to accept
the original financial assistance offered first while waiting for the
result of your application for review. However, should there be grounds
to demonstrate that the amount of assistance provided in the original
assessment was higher than your actual entitlement, you may be required
to refund the overpaid amount upon demand.
Loan recipient is required to repay the TSFS loan, which shall normally commence on 1 December of the year of your graduation or when the course has officially ended, until it is repaid in full. The first instalment of loan repayment will normally fall due on 1 January of the following year of your graduation. If you have not received the notice of commencement of repayment or demand of repayment within 6 months after your graduation or the course has officially ended, you should notify the Agency in writing immediately.
The loan borrowed and the interest accrued thereon are repayable in 15 years (‘Repayment Period’) by 180 equal monthly instalments, or in a shorter Repayment Period by equal monthly instalments as agreed by the Agency. Whereas if as determined appropriate by the Agency, the loan borrowed and the interest accrued thereon are repayable within the Repayment Period by equal quarterly instalments.
Non-receipt of demand notes for repayment does not exempt a loan recipient from the obligation to repay the instalment due on or before the due date; if the repayment is not made after the instalment becomes due, you will be required to repay with the Government the overdue amount together with a surcharge at the rate of 5%.
Default in loan repayment may give cause for legal proceedings against you / your indemnifier(s) by the Government for the recovery of the outstanding loan(s) and interest plus surcharge and any recovery costs incurred by the Government.
To request for lump sum/partial repayment of loan borrowed under the TSFS, you may either come in-person or appoint your representative with your signed authorization letter to the Agency during office hours (Monday to Friday 8:45 a.m. - 1:00p.m. & 2:00p.m. - 5:45p.m.); or send in your lump sum/partial repayment request in writing, by post, fax, e-mail or “SFAA E-link”. Please refer to "Early Partial / Lump Sum Repayment of Loan Under Tertiary Student Finance Scheme - Publicly-funded Programmes (TSFS)" (SFAA 185) (41KB) for terms and conditions for requesting lump sum/partial repayment of loan borrowed under the TSFS.
Please note that all applications for lump sum/partial repayment must be made in-person or submitted in written form. No telephone request would be entertained.
To request for restructuring repayment period (within the period of 15 years) of loan borrowed under the TSFS, you may either come in-person or appoint your representative with your signed authorization letter to the Agency during office hours (Monday to Friday 8:45 a.m. – 1:00p.m. & 2:00p.m. – 5:45p.m.); or send in your request for restructuring repayment period in writing, by post, fax or e-mail. Please refer to “Restructuring Repayment Period of Loan under Tertiary Student Finance Scheme – Publicly-funded Programmes (TSFS)” (SFAA 278_E) for terms and conditions for requesting restructuring repayment period of loan borrowed under the TSFS.
Please note that all applications for restructuring repayment period must be made in-person or submitted in written form. No telephone request would be entertained.
(26KB) to obtain a copy of “Restructuring Repayment Period of Loan under Tertiary Student Finance Scheme – Publicly-funded Programmes (TSFS)” (SFAA 278_E).
You can repay your loan(s) by using different repayment methods.
Please read the Agency’s pamphlet on “Learn to Manage Money Before it Manages You”.
Electronic Repayment Notification and Demand Note
For environmental friendly reason and to avoid possible non-receipt of postal repayment notifications and demand notes, monthly repayment notifications and demand notes would be issued by electronic means through “MyGovHK” and “SFAA E-link”. You are required to register with “MyGovHK” and with “SFAA E-link” electronic demand note service. In case you have other loan accounts under different schemes administered by the Agency, this arrangement will be applicable to all of these loan accounts. Request for receiving repayment notifications and demand notes by other means will not be accepted.
Difficulties in Loan Repayment and Default
- Deferment of Repayment
Students may apply for
deferment of loan repayment if they have difficulties in repaying the
loans due to further studies on full-time courses, financial hardship
or serious illness. Applications for deferment of loan repayment will
be considered on its merits and should be submitted in writing to the
Agency before the due date(s) of the instalment(s) under application.
Application forms can be downloaded from the Agency's webpage at http://www.sfaa.gov.hk/eng/public/index.htm#tsfs and are available at the Agency and your institution.
- Consequences of Default
Loan borrowers who have failed to repay two or more consecutive quarterly instalments / six or more consecutive monthly instalments without the Agency’s approval for deferment of loan repayment are considered as defaulters.
Failure to repay loan instalments by the due dates will result in extra payment of surcharge (for loans under TSFS and FASP)/overdue interest (for non-means-tested loans).
The Agency reserves the right to withhold the disbursement of new student financial assistance/loans to defaulters.
The Agency will issue reminders to the defaulter and his/her indemnifier(s) requesting them to settle the overdue loan instalments by a specified date.
If no payment or response is received from the defaulter and his/her indemnifier(s), the Agency may initiate legal proceedings against them for the recovery of the full amount of the outstanding loan together with interest, surcharge/administrative fee and any recovery costs (including legal costs and related expenses incurred in the course of legal recovery actions) in one lump sum without further notice.
- General Criteria for Writing Off the Debts
on compassionate ground if the debtor (i.e. the student) has passed away or is permanently unfit for work on account of severe disabilityNote and his/her indemnifier(s) (where appropriate) is unable to repay the debt for the debtor;
where all efforts to contact a debtor and his/her indemnifier(s) (where appropriate) have failed, and the loan proves irrecoverable; or
where write-off action is advised by the Department of Justice.
Note: Debtor should provide sufficient information to prove that he/she meets the definition of “100% disability” of the Social Welfare Department.
Change of Personal Particulars
If there is change in
your residential address, term-time residential address, telephone
number or bank account number to which the financial assistance is
credited, you should notify our Agency by using the form "Notification
of change of personal data" (TSF/C/18A). If there is change in your
institution or course of study, or your tuition fee payable, you should
notify our Agency by using the form "Notification of change of
institution or course data" (TSF/C/18B).
If you have deferred,
suspend or withdrawn from your study, you should notify this Agency
immediately in writing.
If you have started repayment and have changed your residential address before you have fully repaid the grant/loan and interest, you should complete "Notification of Change of Correspondence Address and / or Telephone Number(s)" (SFAA 96) form.
You are required to
notify the Agency in writing immediately of any change of address of
The above forms are
available at this Agency or your institution. They are also
downloadable from our webpage at http://www.sfaa.gov.hk/eng/public/index.htm#tsfs.