Part 3 53 MEMBER INSTITUTIONS, SUPPORT UNITS AND SERVICES FINANCIALASSISTANCE 3.77 Full-time students of degree and sub-degree programmes can apply for grants and/or loans under the student financial assistance schemes operated by the Hong Kong Government’s Student Finance Office (SFO). Full-time students of below sub-degree programmes are eligible for the Tuition Fee Remission and Flat Rate Grant for Academic Expenses Scheme administered by VTC. Students of part-time programmes may apply for loans through the Extended Non-means-tested Loan Scheme of SFO to meet tuition fees. The Student Development Office / Campus Secretariat of each campus provides students with relevant information about the various financial assistance schemes and assists them in the application process. 3.78 HD students taking modules registered under the Continuing Education Fund (CEF) can apply for subsidies. On successful completion of these modules and subject to the fulfillment of CEF’s requirements, students may be reimbursed up to 80% of the tuition fees paid subject to a maximum sum of HK$20,000 (for courses commencing before 1 August 2022) or *HK$25,000 (for courses commencing on/after 1 August 2022). * CEF subsidy ceiling has been increased to HK$25,000 per person with effect from 1 August 2022. SCHOLARSHIPS AND AWARD SCHEMES 3.79 Various scholarships and awards are available for students. They are sponsored by the Government, industries, professional bodies, and individuals. In AY 2021/22, over 3,000 students were granted scholarships and/or awards. Major scholarships and award schemes are shown below. VTC Student Development Foundation 3.80 The VTC Student Development Foundation was set up in 2013 through fundraising to nurture meritorious students through enriched local and overseas holistic learning programmes, scholarships, financial aid, and excellence in learning and teaching.