Student Affairs Office Financial Assistance HKMU Student Financial Assistance Scheme HKMU Loan

The HKMU Student Loan Scheme (Interest-free) is funded by the Government. Students may choose to repay the loan amount one year after the loan is issued or even after graduation.

Application Period for 2024 Summer Term
1st Round:  25 March – 15 April 2024
2nd Round: 16 April – 13 May 2024

  1. Applicants must intend to register for any part time (distance learning) credit-bearing course at HKMU.
  2. Applicants must have the right of abode in the Hong Kong Special Administrative Region or have resided or have had their homes in Hong Kong continuously for three complete years prior to the commencement of the programme/course. This does not cover students studying in Hong Kong holding student visas.

Assistance TypeRepayment Schedule
Maximum number of credits per year Note(1)Maximum loan amountNote(2)
Pay On Graduation (POG) Loan

Repay after graduation Note(3)

  • 16 instalments within 4 years
40 (for 5-credit progammes) /
30 (for 3-credit-unit programmes)
Pay After One Year (PAOY) Loan

Repay 1 year after the loan is issued

  • 4 instalments within 1 year

Note(1) The 'year' depends on the starting point of the first assistance awarded to individual students.

Note (2) The total amount for POG Loan(s) a student is bearing (not yet fully paid) should not exceed HK$100,000 in anytime; Otherwise, applicants may be awarded PAOY Loan.

Note (3) Repayment will be due in one of the following situations, whichever is the earliest.

a. upon accepting an HKMU award, i.e. certificate, diploma, higher diploma, degree; or
b. upon achievement of 160 credits (for 5-credit programmes) / 120 credits (for 3-credit-unit programmes); or
c. 6 years after the first loan is issued; or
d. upon obtaining 3 'fails' (including absence
) results or withdrawals from a total of 3 courses supported by bursary/loan; or
e. upon suspension of study for more than 2 consecutive terms after the bursary/loan is awarded.

Note (4) Applicants need to pay a one-off administrative fee when they confirm acceptance of the loans, the non-refundable administrative fee is 0.5% of the loan amount.

Assessment Criteria

  1. Loan applicants' monthly income must not exceed HK$60,000.
  2. Eligible applicants are not guaranteed to be offered loan.
  3. Assessment will be made and considered by the HKMU Student Financial Awards Committee. The type of assistance offered to individual successful applicants and the number of successful applicants is determined by the applicants' financial circumstances, the funds available in the term concerned and others factors that the Committee considers necessary.
  4. Submission of documentary evidence is required upon request (i.e. Latest income proof for at least three consecutive months).

Announcement of Result

  • The result of 1st round and 2nd round application will be announced by the end of April 2024 and mid of May 2024 respectively.

  1. Applicants should submit the online application via the student portal "MyHKMU" (;
    New Students please apply through the online platform ( Applicants may also refer to the relevant user guides for submitting the online application.
  2. Please read the "Guidance Notes for HKMU Student Financial Assistance Scheme" [SFA (2023/24) Guide-e] before completing the online application form.
  3. Applicants must have completed the course registration for 2024 Summer Term (check the courses to be offered in this term). Enquiries of the course registration should be made to the Admissions & Enrolment Team (Distance Learning & Taught Postgraduate) of the Registry.
  4. Successful applicants in the 1st round application will be offered Pay On Graduation (POG) Loan or Pay After One Year (PAOY) Loan that will be directly credited to the University, and applicants do not need to pay the tuition fees to reserve the course places (but not the specific class section). Applicants in the 2nd round application (PAOY Loan will be offered only) have to pay the tuition fees first, and the loan will be disbursed on reimbursement basis.