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Thursday, December 7, 1972
FINANCIAL AIDS FOR MORE UNIVERSITY STUDENTS
More needy students of the University of Hong Kong and the Chinese
University of Hong Kong have benefited from the Government's provision of
additional funds for the university students' financial assistance scheme
this year.
Of the 6,000-strong university student population in Hong Kong,
nearly 60 per cent are receiving financial aids from the Government.
A spokesman for the Joint Universities' Committee on Student
Finance said that up to last month, roughly $3.7 million had been awarded
to more than 2,900 students as grants while nearly $4 million had been
lent to some 3,200 students this year.
On the average, each student received almost $1,250 for grants
and $2,900 for loans.
The spokesman said that in October this year, the Government alloted
a supplementary amount of $918,000 for grants and $6.25 million for loans
and a separate exercise was thereafter undertaken to ensure that the extra
money could be given to the needy students.
As a result, a further 534 students obtained grants and 547 obtained
loans, he said.
The spokesman added that the maximum for a loan had been raised
to cover all students whether or not they might be in residence at their
respective universities.
/He said: