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

  Please refer to the “Notes on How to Complete and Return Household Application Form” for definition of “Dependent Parent”.

• * For single-parent families of 2 to 3 members, the "plus 1 factor" in the denominator of AFI formula will be increased to "2".