The aim of the scheme is to ensure that no eligible students will be denied access to one of the above institutions because of a lack of means. The maximum amount of grant payable is equal to the actual tuition fee and union fee payable and the academic expenses pertaining to the course of study whilst the maximum amount of loan for living expenses is the same for all students.
Applicants have to be income-tested.
The level of financial assistance, expressed as a percentage of the maximum amount of grant and loan payable, is determined having regard to the applicant's family income as measured by its Adjusted Family Income per household member. Who are Eligible Full-time students studying eligible courses in the institutions covered by the Scheme who have right of abode in Hong Kong or have resided or had their homes in Hong Kong continuously for three years immediately prior to the commencement of their courses are eligible to apply. When to Apply Applications are normally invited in April each year from current students through announcement in the press and the institutions mentioned above. As for new students, they may apply when they are enrolled. Application forms are obtainable from the institutions concerned.