This morning, the YoungDAB sent a petition to the government requesting it to raise the amount of money provided to qualified recipients of the Continuing Education Fund (CEF).
The CEF has always provided financial support to adults who wanted to continue their education and/or receive professional or career training, and therefore it has contributed to Hong Kong’s economic development. The fees charged by tertiary educational institutions in Hong Kong are quite expensive and local students who graduate will usually have a debt burden numbering in the hundreds of thousands of dollars. Therefore, many students who finished their Bachelor’s degree will urgently try to find a job immediately and would give up on any aspirations to further education. The CEF has limited each person to receive a subsidy of up to $10,000 in a narrow four year period which is not enough.
Therefore, the YoungDAB proposes that the government should increase the CEF to at least $20,000 per person, and also research methods to allow qualified recipients to receive CEF assistance more than once, in order to allow more people to benefit from the CEF and further their careers that way. The YoungDAB had previously proposed raising the tax deduction for self-education expenses to $100,000 per person, and this proposal will be implemented in the 2017-2018 fiscal year. By strengthening the CEF, Hong Kong will actually increase social mobility and therefore enhance social stability. The government should encourage young people to continue their education and strengthen their competitiveness, henceforth giving young people a better way to give back to society.
YoungDAB Chairperson and Kwun Tong District Councilor Mr.Ngan Man-Yu (6600-2511)
YoungDAB Vice-Chair and Sha Tin District Councilor Mr. Chiu Man-Leong (9713-9850)