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 28.2.2025)
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 46215 011
- with results issued 16 237 15 46212 958
No. of applicants
- with assistance paid 12 476 11 3699 498
- with grant paid 12 476 11 3699 498
- with loan offered 12 094 11 0879 444
- with loan paid 2 329 2 3121 779
Average amount paid^
- assistance $67,751$68,425 $70,133
- grant $58,822$58,358 $60,349
- loan $47,831$49,502 $52,235
Total amount of
- grant paid^ (million) $733.86$663.47 $573.20
- loan offered (million) $584.61$551.12 $494.61
- loan paid^ (million) $111.40$114.45 $92.93
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.