Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT)

Overview

The Non-means-tested Loan Scheme for Full-time Tertiary Students (NLSFT) is to complement the Tertiary Student Finance Scheme – Publicly-funded Programmes (TSFS) to provide loans to eligible students to settle tuition fees of recognised full-time study courses.

Cancellation of NLSFT Loan

  • If loan borrowers have accepted the NLSFT loan but wish to apply for cancellation of the NLSFT loan which has not yet been arranged for disbursement, please submit the duly completed "Application Form for Cancellation of Loan" (NLSFT 114) (Paper-base Application/ Electronic Application) to the Student Finance Office (SFO) at least five weeks before the payment due date of the tuition fee instalment in question.

  • Late applications for cancellation of NLSFT loan may not be accepted.

  • In the event that the disbursement of the NLSFT loan has been or is being arranged, cancellation of the NLSFT loan will not be accepted. Loan borrowers will be liable for the NLSFT loan disbursed/to be disbursed and the interest accrued/to be accrued thereon and are obliged to repay the SFO the NLSFT loan so disbursed/to be disbursed and the interest accrued/to be accrued thereon, plus any recovery costs incurred by the Government. Loan borrowers may in turn choose to make early repayment of the NLSFT loan.