Financial Assistance Scheme for Post-secondary Students (FASP)

Enquiry
2152 9000

Overview

The Financial Assistance Scheme for Post-secondary Students (FASP) provides means-tested financial assistance in form of grant and/or loan to eligible full-time students pursuing locally-accredited, self-financing post-secondary education programmes at the level of associate degree, higher diploma or bachelor’s degree.

Statistics

Academic Year 2021/2022 2022/2023 2023/2024
(as at 30.04.2024)
Student Population
- Sub-degree students 30 157 29 76832 100
- Degree/Top-up degree students 35 660 33 84835 100
Total 65 817 63 61667 200
No. of applications
- received 17 405 16 23715 462
- with results issued 17 405 16 23715 044
No. of applicants
- with assistance paid 13 638 12 47611 024
- with grant paid 13 637 12 47611 024
- with loan offered 13 353 12 09410 918
- with loan paid 2 616 2 3292 046
Average amount paid^
- assistance $65,339 $67,751 $68,199
- grant $56,465 $58,822 $58,908
- loan $46,282 $47,831 $50,062
Total amount of
- grant paid^ (million) $770.02 $733.86 $649.40
- loan offered (million) $620.58 $584.61 $545.37
- loan paid^ (million) $121.07 $111.40 $102.43
Remarks:
^Approved grant and/or loan will be paid in one or more than one instalment(s). The amount of assistance paid in 2023/24 shown in the table above does not reflect the full amount of assistance paid in the year until 2023/24 application cycle ends.