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 2022 Spring Term
1st Round: 01  – 22 Nov 2021
2nd Round: 23 Nov 2021 – 17 Jan 2022

  1. Applicants must intend to register on any courses in part-time (distance learning) programmes, and the courses may lead to the award of Bachelor’s Degrees, Bachelor’s Degrees with Honours and/ or Postgraduate Degrees.
  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 (Interest-free)Maximum number of credits per year Note(1)Maximum loan amountNote(2)
Pay On Graduation (POG) LoanRepay after graduationNote(3)
  • 16 instalment within 4 years
Pay After One Year (PAOY) LoanRepay 1 year after the loan is issued
  • 2 instalments within half year (for 1-term courses)
  • 4 instalments within 1 year (for 2-term courses)
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; or c. 6 years after the first loan is issued; or d. upon obtaining 3 'fails' (including absent) 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 mid Dec 2021 and mid Jan 2022 respectively.

  1. Applicants should submit the online application via the student portal "MyHKMU" (;
    New and Prospective Students please apply through the 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 (2021/22) Guide-e] before completing the online application form.
  3. Applicants must have completed the course registration for 2022 Spring 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.