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 AFI mechanism is based on the following formula:
- 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, 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
- For single-parent families of 2 to 3 members, the “plus 1 factor” in the divisor of the AFI formula will be increased to 2.
Level of Assistance
- The AFI eligibility benchmarks for various levels of assistance in the 2021/22 school year are listed in the table below. Please note that the AFI is not the average monthly income of a family.
AFI eligibility benchmarks
|2021/22 school year - AFI Between (HK$)
||Level of Assistance
|0 – 41,360
|41,361 – 79,976
(applications not successful)
- * AFI thresholds for full level of assistance for 3-member and 4-member families are $50,071 and $46,066 respectively in the 2021/22 school year. For 2-member single-parent families and 3-member single-parent families, they are regarded as 3-member families and 4-member families respectively for determining the AFI thresholds for full level of assistance and calculation of AFI.
Medical Expenses Incurred by Family Member(s) with Chronic Illness
- Only the medical expenses incurred by the applicant or his/her family member who is chronically ill or permanently incapacitated are deductible. Applicant should provide the relevant medical receipts for the period 1.4.2020 to 31.3.2021. The 2021/22 academic year maximum amount of deductible medical expenses is $21,670.