Financial Assistance Scheme for Post-secondary Students (FASP)
Summary of Statistics

Academic Year 2006/2007 2007/2008
2008/2009
(as at 30.11.2008)
No. of eligible students
- Sub-degree / degree students
- Top-up degree students@
Total

40 891
N/A
40 891

49 885
N/A
49 885

51 086
2 938
54 024
No. of applications
- received
- with results issued

17 826
17 826

20 064
20 064

21 499
8 673
No. of applicants
- with assistance offered
- with assistance paid
- with grant offered
- with grant paid
- with loan offered*
- with loan paid*

14 017
13 771
14 017
13 771
N/A
N/A

15 923
15 751
15 923
15 751
N/A
N/A

7 609
5 652
7 581
5 554
7 606
1 333
Average amount paid^
- assistance
- grant
- loan*

$31,481
$31,481
N/A

$32,079
$32,079
N/A

$30 217
$26 291
$18 579
Total amount of
- grant offered
- grant paid^
- loan offered*
- loan paid^

$437.17m
$433.52m
N/A
N/A

$508.03m
$505.27m
N/A
N/A

$274.56m
$146.02m
$209.48m
$24.77m

@

Starting from 2008/09, the FASP was extended to cover sub-degree graduates pursuing full-time locally-accredited self-financing degree or top-up degree programmes.

*

Starting from 2008/09, means-tested loans was provided under the FASP to cover the students’ living expenses.

^

Approved grant or loan will be paid in one or more instalment(s). The amount of assistance paid in 2008/09 shown in the table above does not reflect the full amount of assistance paid in the year until the 2008/09 application cycles end.