Financial Assistance Scheme for Designated Evening Adult Education Courses
Method of Assessment
The Means Test
The SFO will use the “Adjusted Family Income” (AFI) mechanism as the means test to assess the eligibility of a family for student financial assistance and its assistance level. The formula is shown below:
Please note that the AFI is not the average monthly income of a family.
# Gross annual income of the family includes the annual income of the applicant and his / her spouse; 30% of the annual income of unmarried child / children residing with the family if applicable; and the contribution from relatives / friends if applicable.
@ The members of a family normally refer to the applicant, his / her spouse, the unmarried child / children residing with the family and the dependent parent(s) who are supported by the applicant and / or his / her spouse. Read More