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.
|Assistance Type||Repayment Schedule|
|Maximum number of credits per year Note(1)||Maximum loan amountNote(2)|
|Pay On Graduation (POG) Loan|
Repay after graduation Note(3)
|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
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.
Announcement of Result