Calculator for Estimating the Amount of Assistance under TSFS/FASP

Calculator

Financial Assistance Scheme for Post-secondary Students (FASP)

Calculator for Estimating the Amount of Assistance for 2023/24 Academic Year

This calculator enables you to obtain a rough estimate of the amount of financial assistance you might obtain from the FASP. The applicants would be informed of the financial assistance entitled under the FASP and the Non-means Tested Loan Scheme for Post-secondary Students (NLSPS), if any, simultaneously in the FASP notification of result. Therefore, this calculator also includes a part which could provide a rough estimate of the NLSPS loan offer for FASP applicants.

The amount of grant/loan derived by this calculator is for your reference only. It is calculated from the income figures, asset values and number of family members you enter below. In your formal application, the information provided by you will be vetted and is subject to amendment if the information is found to be incorrect. In addition, if documentary proofs provided are not substantiated (e.g. self-written statement of income or unexplained prolonged unemployment), the Office may need to make adjustments and apply benchmark figures on the basis of statistical information provided by the relevant government departments, such as the Census and Statistics Department, the Rating and Valuation Department, the Transport Department etc. to assess the income of and/or net value of the assets held by the family member concerned. The Office may apply projected figures of family income in the assessment if necessary. Your actual entitlement may therefore vary from the figures derived by this calculator. We accept no liability for any loss or misrepresentation incurred by its use.

The estimates derived by this calculator do not include the hostel subsidy for eligible undergraduate students and additional academic expenses grant for students with special educational needs. For details of the hostel subsidy and additional academic expenses grant, please refer to Level of Financial Assistance for the FASP.

Please refer to the Guidance Notes on Application for FASP for detailed explanation of the factors affecting the assessment of your financial assistance.

To know the formula and principles for calculation of financial assistance under FASP, please refer to the calculation mechanism for the FASP.

Tuition Fee Payable

Actual tuition fee payable*

Tertiary Student Finance Scheme – Publicly-funded Programmes (TSFS)

Calculator for Estimating the Amount of Assistance for 2024/25 Academic Year

The Calculation Mechanism

Help and Enquiries

This Calculator provides a rough estimate of the amount of financial assistance you might obtain from TSFS based on the information inputted. The applicants would be informed of the financial assistance entitled under the TSFS and the Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT), if any, simultaneously in the TSFS Notification of Result. Therefore, this Calculator also includes a rough estimate of the NLSFT loan offer for you.

The amount of grant and / or loan derived by this Calculator is for your reference only. It is calculated based on the amount of family income and assets and number of family members you inputted into the Calculator. After your submission of application, the Student Finance Office (SFO) will assess the information reported in your application form and your sibling(s)’ TSFS and / or Financial Assistance Scheme for Post-secondary Students (FASP) application form, if any, before determining your eligibility for and entitled level of financial assistance. In addition, if proper documentary proof(s) cannot be provided or the documents provided cannot substantiated the reported income / asset information (e.g. claim for prolonged unemployment or only self-prepared income proof is provided), SFO may need to make adjustments and apply benchmark figures based on the statistical information provided by the relevant Government departments, such as the Census and Statistics Department, the Rating and Valuation Department, the Transport Department etc., to assess the income and / or net value of the assets held by the family member(s) concerned. SFO may apply projected figures of family income in the assessment if necessary. Your actual entitlement may therefore vary from the figures derived by this Calculator. We accept no liability for any loss or misrepresentation incurred by its use.

The estimates derived by this Calculator do not include the hostel subsidy for eligible undergraduate students and additional academic expenses grant for students with special educational needs. For details of the hostel subsidy and additional academic expenses grant, please refer to Level of Financial Assistance for TSFS.

Please refer to TSFS Guidance Notes for detailed explanation of the factors affecting the assessment of the entitled financial assistance.

To know the formula and principles for calculation of financial assistance under TSFS, please refer to the calculation mechanism for TSFS.

Programme/Course of Study

Institution*

Discipline of studies*

(please refer to the course coding sheet at https://www.wfsfaa.gov.hk/en/sfo/postsecondary/tsfs/coding.php)

Level of study*

Full year or half year study*

Full year

Half year

Actual tuition fee payable*

By selection

HK$

By direct input

HK$

Actual tuition fee payable Error Icon

Family Member(s)

Marital Status*

No. of parent(s) residing with applicant's family*

No. of unmarried sibling(s) residing with applicant's family*

No. of dependent unmarried sibling(s) who is / are attending a full-time course up to the bachelor's degree level outside Hong Kong between 1.4. and 31.3.*

No. of dependent grandparent(s)*

No. of dependent child(ren) / spouse (for married/divorced/widowed applicant, count those residing with applicant)*

Total Number of Family Member(s) (including the applicant)

Applicant's family is a single parent family *

Yes

Income Test [Adjusted Family Income]

Enter annual incomes of family members (rounded down to nearest HK$1) if appropriate for 1.4. - 31.3.

HK$
exclude cents

Total annual incomes of parent(s) / spouse for married applicant (including contribution to the family from other sources)

Total annual incomes for unmarried sibling(s) residing with applicant's family

Enter annual incomes of applicant (rounded down to nearest HK$1) if appropriate for studentship or income derived from appointment by institution received / to be received in the academic year, including summer months of year

Total annual incomes of applicant

Enter deductible medical expenses of family member(s) (rounded down to nearest HK$1) if appropriate for 1.4. - 31.3.

HK$
exclude cents

Medical expenses of family member(s) who are chronically ill or permanently incapacitated that are supported by medical receipts / certificates. (Subject to a ceiling of HK$ for each family member)

Adjusted Family Income (AFI) (HK$)
(Incomes of parent(s)/applicant + 30% income of unmarried sibling(s) residing with the family - deductible medical expenses) ÷ (number of family member +1*)
*For single-parent families of 2 to 3 members, the "plus-1 factor" in the divisor of the AFI formula will be increased to “plus-2”

Assets Test

Enter net asset value (rounded down to nearest HK$1) if appropriate as at 31.3.

HK$
exclude cents

Total assets^# of parent(s) / spouse for married applicant

Total assets^# of applicant

^#Assets (include lands, properties, carparks, vehicles, vessels, taxi / public light bus licences, business undertakings, investments (shares / warrants / bonds / funds), bank deposits in local and foreign currencies (savings / current / time deposits), insurance policies with cash value or dividend, loan to others, cash in hand, betting account balance, e-wallet balance, gold and silver, etc.)

Net Asset Value per Family Member (HK$) = (Total net asset value of the family ÷ total number of family members)

Part I - Tertiary Student Finance Scheme - Publicly-funded Programmes (TSFS)

Estimated Grant Entitlement to cover tuition fees:

HK$

Estimated Grant Entitlement to cover academic expenses:

HK$

Estimated Loan Entitlement to cover living expenses:

HK$

If the applicant applies for TSFS and the Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT), the calculator below provides a rough estimate of the NLSFT loan offer.

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

Estimated NLSFT Loan Entitlement:

Remarks

(a)

The amounts of financial assistance estimated by this Calculator are based on the Ready Reckoner under the Adjusted Family Income Formula and Sliding Scale of Asset Value for Discounting Assistance.

(b)

The amount of grant and / or loan derived by this calculator is for your reference only. It is calculated based on the amount of family income and assets and number of family members you enter below. After your submission of application, the Student Finance Office (SFO) will assess the information reported in your application form and your sibling(s)’ TSFS and / or Financial Assistance Scheme for Post-secondary Students (FASP) application form, if any, before determining your eligibility for and level of financial assistance. In addition, if proper documentary proof(s) cannot be provided or the documents provided cannot substantiate the reported income / asset information (e.g. claim for prolonged unemployment or only self-prepared income proof is provided), SFO may need to make adjustments and apply benchmark figures based on the statistical information provided by the relevant Government departments, such as the Census and Statistics Department, the Rating and Valuation Department, the Transport Department etc., to assess the income and / or net value of the assets held by the family member concerned. SFO may apply projected figures of family income in the assessment if necessary. Your actual entitlement may therefore vary from the figures derived by this calculator. We accept no liability for any loss or misrepresentation incurred by its use.

(c)

Please refer to TSFS Guidance Notes for detailed explanation of the factors affecting the assessment of your financial assistance.

Non-means-tested Loan Scheme for Post-secondary Students (NLSPS)

Estimated NLSPS Loan:

Remarks

(a)

The amount of NLSPS loan provided above is for your reference only. It is calculated based on the information you entered in the calculation sheet for FASP. This Office will not accept or share any responsibility for any loss or damage incurred by its use.

(b)

Please refer to the Maximum Level of Financial Assistance under the NLS for details regarding the maximum level of NLS loan.

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

Estimated NLSFT Loan:

Remarks

(a)

The amount of NLSFT loan provided above is for your reference only. It is calculated based on the information you entered in the calculation sheet for TSFS. This Office will not accept or share any responsibility for any loss or damage incurred by its use.

(b)

Please refer to the Maximum Level of Financial Assistance under the NLS for details regarding the maximum level of NLS loan.

SFO E-link

Calculator

Selection of Scheme

Financial Assistance Scheme for Post-secondary Students (FASP)

Tuition Fee Payable

Tertiary Student Finance Scheme – Publicly-funded Programmes (TSFS)

Programme/Course of Study

Family Member(s)

Income Test [Adjusted Family Income]

Assets Test

Part I - Tertiary Student Finance Scheme - Publicly-funded Programmes (TSFS)

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

Remarks

Non-means-tested Loan Scheme for Post-secondary Students (NLSPS)

Remarks

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

Remarks