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 2023/2024 2024/2025 2025/2026
(as at 31.8.2025)
Student Population
- Sub-degree students 31 273 33 86736 100
- Degree/Top-up degree students 34 688 37 84738 100
Total 65 961 71 71474 200
No. of applications
- received 15 462 15 0349 225
- with results issued 15 462 15 0323 721
No. of applicants
- with assistance paid 11 369 10 9353 256
- with grant paid 11 369 10 9353 256
- with loan offered 11 087 10 6453 255
- with loan paid 2 312 2 356222
Average amount paid^
- assistance $68,425$70,355 $34,007
- grant $58,358$59,399 $32,162
- loan $49,502$50,852 $27,070
Total amount of
- grant paid^ (million) $663.47$649.53 $104.72
- loan offered (million) $551.12$547.20 $182.51
- loan paid^ (million) $114.45$119.81 $6.01
Remarks:
^Approved grant and/or loan will be paid in one or more than one instalment(s). The amount of assistance paid in 2025/26 shown in the table above does not reflect the full amount of assistance paid in the year until 2025/26 application cycle ends.