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Scholarships & Financial Assistance
The Academy offers a significant number of scholarships to current students. Applications to various scholarships are invited by the SAO throughout an academic year. Scholarships are awarded to the most deserving students based on their outstanding academic and/or non-academic achievements during their studies at the Academy.
Full-time local students who have the right of abode in Hong Kong or have resided or have had their homes in Hong Kong continuously for three complete years immediately prior to the commencement of their studies at the Academy are eligible to apply for financial assistance under the Student Finance Office’s Tertiary Student Finance Scheme – Publicly-funded Programmes (TSFS) and/or Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT).
The TSFS offers means-tested financial assistance to students in the form of a grant and/or a loan. The grant covers tuition fees, academic expenses and compulsory union fees. The loan is for living expenses and is interest-bearing at 1.0% per annum chargeable from the commencement of the repayment period.
The NLSFT complements the TSFS and offers financial assistance to students in the form of a loan to cover tuition fees without a means test. The maximum amount of the loan is capped at the tuition fees payable. Interest is charged once the loan is drawn down and throughout the repayment period until the NLSFT loan is fully repaid. Students may visit the website of the NLSFT (http://www.wfsfaa.gov.hk/sfo/eng/schemes/nls.htm) for the current level of the interest rate.
Both TSFS and NLSFT are open for new students to apply in August. Students are required to download the application form and to submit the completed form with supporting documents to the Student Finance Office via their electronic submission system. Students are advised to visit the Student Finance Office’s website (http://www.wfsfaa.gov.hk/sfo) for application procedures.