HKUST Study Abroad Financial Support (For full-time undergraduate students)

1. HKUST Study Abroad Financial Support (For full-time undergraduate students) For Academic Year 2019/20 HKUST Office of Global Learning (OGL)

2. Financial support schemes 1. Administered by Office of Global Learning (OGL) • 2. Administered by Scholarships and Financial Aid Office (SFAO) • Scholarships for overseas exchange/visiting program

3. HKUST Study Abroad Sponsorship HKUST Short-Term Study Abroad Allowance

4. Who is eligible?

5. Which programs are eligible?

6. Scheme details

7. Award disbursement Attend ANY activities connected to the program OGL notifies Finance Office to disburse Study Abroad Sponsorship/HKUST Short-Term Study Abroad Allowance award amount after verification of program completion status Normal course load and with ALL courses passed NOT leaving the program before the official program end date Upon the University's verification of receipt of Transcript issued by host institution; and Study Abroad Report

8. Government Subsidy

9. Who is eligible?

10. Program requirements * In considering program eligibility, HKUST will take into account the safety of the program destination, referencing from travel advice and outbound travel alerts for the destination.

11. “Belt and Road” Region List Source: http://beltandroad.hktdc.com/en/country-profiles/country-profiles.aspx

12. Program location Restrictions on program destination across schemes • Student cannot receive SSE/SSEBR/Non-means-tested SSEBR/Non-means-tested MES award more than once for study abroad programs in the same country/economy

13. Program locationSSESSEBR NMT-SSEBRNMT-MES

14. Program requirements SSESSEBR NMT-SSEBRNMT-MES Restrictions on program destination across schemes • Student cannot receive SSE/SSEBR/Non-means-tested SSEBR/Non-means-tested MES award more than once for study abroad programs in the same country/economy • Exceptional case

15. Calculation of maximum award amount Financial Assistance Rate* SSE SSEBR + % Program Destination X ( Program Duration ( Non-means-tested SSEBRNon-means-tested MES + Program Destination Program Duration *For 2019/20 SSE and SSEBR applications, in individual cases where the level of student finance approved by SFO is lower than 50%, the financial assistance level to be adopted in the calculation of the maximum amount of subsidy for the student under SSE and SSEBR will be adjusted upward to 50%

16. Calculation of maximum award amount Program Destination

17. Calculation of maximum award amount Program Duration

18. Calculation of maximum award amount

19. Study abroad financial support schemes For the SAME study abroad program: Students may receive funding support from different schemes (e.g. HKUST Study Abroad Sponsorship + SSE/ SSEBR/NMT-SSEBR/NMT-MES) Amount of funding from all sources combined Must NOT exceed the reference program cost • Case Study: Exchange program in UK • HKUST Study Abroad Sponsorship: $6,000 • SSE: $53,000 • Final financial support award disbursement: $55,000(Not $59,000) > Reference Program Cost: $55,000

20. Subsidy Calculation – Example SSE • Mary is going to participate an exchange program • Program Destination: UK • Program Duration: 190 days • % of full grant approved by SFO: 80% • Reference program cost: HK$50,000 • Maximum SSE award amount Mary could get: • (Destination $8,000 + Duration $45,000) x 80% • = HK$42,400

21. Subsidy Calculation – Example SSEBR NMT-SSEBR Tony’s SSEBR,NMT-SSEBR $60,000 - $9,900 = $50,100 Tony’s SSEBR,NMT-SSEBR account $60,000(assuming highest % of full grant = 100%) 200-day; Austria max SSEBR award amount $53,000 Remaining amount in his SSEBR/NMT-SSEBR pocket$ 50,100 Max. SSEBR award amount$ 53,000 > 100-day; Poland receivedNMT-SSEBRaward $9,900 Final SSEBR award amount = HK$50,100

22. Award disbursement SSESSEBR NMT-SSEBRNMT-MES

23. Summary of Study Abroad Financial Support Schemes

25. Plan well To maximize the award amount which you can get from the Schemes, you should plan ahead and plan well. Consider: • Number of times you plan to go study abroadYou are only entitled the award of some schemes ONCE only • DestinationIs the program held in a country which is on the BR list? • The program duration • Your Financial Assistance rate

26. Application Procedures

27. Procedures and timeline If you apply the eligible program directly with host institution Register your program on MyStudyAbroad, and wait for OGL’s confirmation via the System If you have committed to a study abroad program on MyStudyAbroad system (you applied the program through and nominated by HKUST) Submit financial support application on MyStudyAbroad Receive and accept your offer on MyStudyAbroad Financial support award disbursement

28. Procedures and timeline 2019/20 Academic Year • Financial support applications must be submitted BEFORE the start of the study abroad program • Financial support application for study abroad programs in Academic Year 2020-2021 will start around August 2020, stay tuned for updates on our website • Funding for Government subsidy schemes is limited, so apply early!

29. Check out detailed terms of the financial support schemes and application procedures on our website! Any queries? Office of Global Learning Website:Email: http://studyabroad.ust.hkstudy.abroad@ust.hk