CONFIDENTIAL
iA UK | Morg Ke
XCC (90) 8
(4)
Copy No3. 3.7. Schdarbin
Shem
lisas
(1984 was HID
2861
Reg
For decision
on 23 January 1990
HKB
286/1
RECEIVED IN REGISTRY
27 FEB 1990
DESK
INDEX
MA
REGISTRY
MEMORANDUM FOR EXECUTIVE COUNCIL
JOINT FUNDING SCHEME FOR HONG KONG STUDENTS IN BRITAIN Action Takan
THE PROBLEM
A review
Pa pls.
of the Joint Funding Scheme (JFS) is required as a result of the recent decision by HMG to increase the 'home' tuition fee from £607 to £1,675 per annum with effect from 1990-91.
RECOMMENDATION AND ADVICE SOUGHT
2
It is recommended that
-
subject
(a)
(b)
(c)
(d)
to
the JFS should adopt a notional 'home' fee for the purpose of calculating student grants with effect from 1990-91;
the notional 'home' fee should be based on the 1989-90 'home' fee level of £607 p.a. but adjusted by 5% annually for inflation;
interest at 2.5% p.a. should be charged on all loans given under the JFS with effect from 1990-91; and;
the operation of the JFS should be reviewed in 1992-93,
the acceptance of the financial implications involved by the Finance Committee of the Legislative Council.
3
Members will be asked to recommendation should be approved.
î
advise whether this
BACKGROUND AND ARGUMENT
Origins of the JFS
4
The JFS
was established in
1983, following HMG's
decision to apply 'overseas' fees, which are based on full cost, to Hong Kong students. The JFS is intended to cover the difference between the
and 'overseas' fees through a
'home'
CONFIDENTIAL