The interest rate of the Non-means-tested Loan Schemes has been adjusted from 2.295% to 2.42% per annum with effect from 1 August 2023.
The Finance Committee of the Legislative Council has approved to further extend the current interest-free deferral of student loan repayment for one year from 1 April 2024 until 31 March 2025. Notification letters about the details will be issued later.
Financial Assistance Scheme for Post-secondary Students (FASP) and Non-means-tested Loan Scheme for Post-secondary Students (NLSPS) are now open for online application for the 2023/24 academic year.
Tertiary Student Finance Scheme – Publicly-funded Programmes (TSFS) and Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT) are now open for online application for the 2023/24 academic year.
The Finance Committee of the Legislative Council approved an extension of the interest-free deferral of loan repayment for student loan repayers for another two years from 1 April 2022.
Faster Payment System (FPS) was introduced as a repayment method of SFO in November 2021. You can use the mobile banking app or e-wallet that supports Government FPS bill payments to pay SFO demand notes printed with FPS QR code.