Financial Assistance Scheme for Post-secondary Students (FASP)

Enquiry
2152 9000

Overview

The Financial Assistance Scheme for Post-secondary Students (FASP) provides means-tested financial assistance in form of grant and/or loan to eligible full-time students pursuing locally-accredited, self-financing post-secondary education programmes at the level of associate degree, higher diploma or bachelor’s degree.

Statistics

Academic Year 2022/2023 2023/2024 2024/2025
(as at 31.10.2024)
Student Population
- Sub-degree students 29 768 31 27334 500
- Degree/Top-up degree students 33 848 34 68838 200
Total 63 616 65 96172 700
No. of applications
- received 16 237 15 46213 652
- with results issued 16 237 15 4627 412
No. of applicants
- with assistance paid 12 476 11 3695 942
- with grant paid 12 476 11 3695 942
- with loan offered 12 094 11 0875 936
- with loan paid 2 329 2 312832
Average amount paid^
- assistance $67,751$68,425 $35,467
- grant $58,822$58,358 $31,679
- loan $47,831$49,502 $27,050
Total amount of
- grant paid^ (million) $733.86$663.47 $188.24
- loan offered (million) $584.61$551.12 $324.01
- loan paid^ (million) $111.40$114.45 $22.51
Remarks:
^Approved grant and/or loan will be paid in one or more than one instalment(s). The amount of assistance paid in 2024/25 shown in the table above does not reflect the full amount of assistance paid in the year until 2024/25 application cycle ends.