Non-means Tested Loan Scheme (NLS)
The Non-means Tested Loan Scheme (NLS) is administered by the HKSAR Government Student Financial Assistance Agency (SFAA). Students pursuing (i) part-time publicly-funded programmes or (ii) self-financing, local award-bearing programmes (i.e. programmes of study leading to the award of local academic qualifications) or (iii) training or development courses at the post-secondary level offered by SCS are eligible for assistance under the scheme. The maximum financial assistance under the NLS is equivalent to the total tuition fees payable to SCS in the 2007/08 academic year.

For more information, please visit website of SFAA at www.info.gov.hk/sfaa or contact SFAA at 2150 6222.

Financial Assistance Scheme for Post-secondary Students (FASP) & Non-means Tested Loan Scheme for Post-secondary Students (NLSPS)
The Financial Assistance Scheme for Post-secondary Students (FASP) is a means-tested financial assistance scheme administered by the HKSAR Government Student Financial Assistance Agency (SFAA). The scheme aims to assist needy students in paying tuition fees and academic expenses. SCS Full-time students aged 25 or below pursing "Higher Diploma" are eligible for assistance under the scheme. The maximum level of grant under FASP is made up of two components: the annual tuition fee payable for the accredited programme subject to a ceiling (The ceiling for the 2007/08 academic year will be $57,520) and academic expenses grant up to $3,050 (to be reviewed annually)

The Non-means Tested Loan Scheme for Post-secondary Students (NLSPS) provides financial assistance in the form of loan to eligible students covered under the FASP to meet their tuition fees, academic expenses and basic living expenses. The maximum financial assistance under the NLSPS is capped at the annual tuition fees payable for the course under application and academic expenses of HK$3,050 plus an NLSPS loan to cover basic living expenses.

For more information, please visit website of SFAA at www.info.gov.hk/sfaa or contact SFAA at 2152 9000.

Tax Deduction for Expenses of Self-Education
Students pursuing a course at SCS to gain or maintain qualifications for use in either the current or a planned employment are eligible to apply for the tax deduction in respect of the course fee. Students should keep official receipt issued by SCS and place the application with Inland Revenue Department via annual tax return. The upper limit for amount deduction is HK$40,000 for the year of assessment 2001/02 and after.

For more information, please visit website of IRD at http://www.ird.gov.hk or call IRD 24-hour Hotline at 187 8088.