C
(III) Savings as from 1994-95:
3
94-95
95-96
96-97
(a) IIMG: Grant
£2.2M
£1.57M £0.63M say £0.6M
£2.2M £0.34M
£2.2M
www
£1.36M say £1.4M
(b) HKG: (i) Grant
£2.2M £1.57M
£0.63M say £0.6M
-
£2.2M £0.81M
£1.36M say £1.4M
£2.2M
(ii) Loan
£5.20M
£3.29M £1.91M say £1.9M
£6.31M £1.76M
£4.55M say £4.5M
£7.56M say £7.6M
Notes:
Projections for 94-95 and beyond are based on the following assumptions
(a)
6.8% increase per annum in average assistance based on the average increase over the years 1989-90 to 1993-94;
(b) 4.5% increase per annum in the number of applications based on the average increase over
the years 1989-90 to 1993-94
(c)
(d)
(e)
success rate of applications at 81.4% (the average success rate between 1990-91 to 1993-94);
total contributions from UK/IK Governments remaining at £4.4M per annum under existing funding arrangements; and
all students are pursuing 3-year courses and 1/3 of the applicants are attending the first, second and third year of studies respectively.
P/C1/P-FR-PS