Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT)

Overview

The Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT) is to complement the Tertiary Student Finance Scheme – Publicly-funded Programmes (TSFS) to provide loans to eligible students to settle tuition fees of recognised full-time study courses.

Statistics

Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT) /
Non-means-tested Loan Scheme for Post-secondary Students (NLSPS) /
Extended Non-means-tested Loan Scheme (ENLS)
Academic Year 2021/2022 2022/2023 2023/2024
(as at 31.3.2024)
No. of applications
- received Total 32 928 32 21232 789
NLSFT 13 884 13 67914 546
NLSPS 12 531 12 13612 769
ENLS 6 513 6 3975 474
- with results issued Total 32 928 32 21232 299
NLSFT 13 884 13 67914 484
NLSPS 12 531 12 13612 712
ENLS 6 513 6 3975 103
No. of applications
- with loan offered Total 32 185 31 55431 586
NLSFT 13 526 13 37114 148
NLSPS 12 146 11 78612 335
ENLS 6 513 6 3975 103
- with loan paid Total 27 798 27 18126 227
NLSFT 11 366 11 19911 361
NLSPS 10 346 10 06310 216
ENLS 6 086 5 9194 650
Average amount of loan paid^ Total $54,534.86 $55,632.24$53,473.14
NLSFT $39,701.74 $39,870.52$40,026.41
NLSPS $58,905.86 $60,429.30$58,965.35
ENLS $74,806.11 $77,298.53$74,260.22
Total amount of loan paid^ (million) Total$1,515.96 $1,512.14$1,402.44
NLSFT $451.25 $446.51$454.74
NLSPS $609.44 $608.10$602.39
ENLS $455.27 $457.53$345.31

Remarks :
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Approved loan will be paid in more than one instalment. The amount of loan paid in the 2023/24 academic year shown in the table above does not reflect the full amount of loan paid in the year until the respective application cycle ends.