Good question,
There are a number of issues, the ESF was always the affordable choice ie you were always certain of getting into the likes of Kowloon junior (this school being in our zone, to date we are 430 on the list, their are 90 siblings this year to be placed at KJS for 160 slots) , it is 90% covered with no capital fees or debenture. Now this choice is closed unless lucky enough to be selected for an interview one has to look at either paying a 400000 debenture for the likes of discovery college(non refundable) or go to a school with high fees and a capital levy on top of the fees.(Cx don't include capital levies in there fees.)
Possible solution options
Provide 90% for any school as the choice of Esf has been taken away
Include capital levies in the 90%
If the school offers a refundable debenture then provide an interest only loan.
If the school offers a non refundable debenture, then offer an interest free loan for full amount not just the current 30k,
This would allow people to look at other options out of ESF system.
Last edited by flyingkiwi; 8th Jan 2012 at 22:20.