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FRIDAY, JUNE 23, 1978
LOANS AVAILABLE FOR NEEDY STUDENTS
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TWO WELL-ESTABLISHED STUDENT LOAN FUNDS ARE BEING MADE AVAILABLE TO NEEDY STUDENTS TO COMPLETE COURSES OF STUDY IN 1978-9.
THEY ARE THE HONG KONG ROTARY CLUB STUDENTS' LOAN FUND AND THE STANDARD/SING TAO FAT CHOY DRIVE STUDENTS' LOAN FUND.
THE HONG KONG ROTARY CLUB FUND PROVIDES INTEREST-FREE LOANS OF UP TO $1,400 A YEAR FOR STUDENTS OF POST-SECONDARY INSTITUTIONS, INCLUDING THE HONG KONG POLYTECHNIC.
THE STANDARD/SING TAO FUND PROVIDES INTEREST-FREE LOANS FOR STUDENTS OF POST-SECONDARY INSTITUTIONS, THE HONG KONG POLYTECHNIC, TECHNICAL INSTITUTES AND SECONDARY SCHOOLS.
MAXIMUM LOANS VARY FROM $1.400 A YEAR FOR A POST-SECONDARY STUDENT TO $1,000 A. YEAR FOR A SECONDARY STUDENT. PRIORITY IS GIVEN TO APPLICANTS NEARING THE END OF THEIR STUDIES.
ALL THE LOANS ARE MADE ON A YEARLY BASIS. SUCCESSFUL APPLICANTS ARE REQUIRED TO SIGN AN UNDERTAKING TO REPAY THEIR LOANS BY INSTALMENTS OF AT LEAST 10 PER CENT OF THEIR MONTHLY SALARY FOLLOWING COMPLETION OF THEIR STUDIES.
THE LOANS ARE THEN PAID INTO STUDENTS' CURRENT OR SAVINGS BANK ACCOUNTS.
APPLICATIONS FOR ASSISTANCE ARE CONSIDERED BY A JOINT COMMITTEE FOR BOTH FUNDS. APPLICATION FORMS CAN BE OBTAINED FROM THE OVERSEAS STUDENTS AND SCHOLARSHIPS SECTION, EDUCATION DEPARTMENT SUB-OFFICE, 15TH FLOOR, LEIGHTON CENTRE, 77 LEIGHTON ROAD, HONG KONG, COMPLETED FORMS SHOULD BE RETURNED TO THE SUB-OFFICE BY AUGUST 1.
APPLICANTS WHO INTEND TO ENTER OR ARE ALREADY ATTENDING
THE TWO LOCAL UNIVERSITIES OR THE POLYTECHNIC SHOULD APPLY TO
THE DEAN OF STUDENTS AT THE UNIVERSITY OF HONG KONG, THE ASSISTANT SECRETARY OF STUDENTS' AFFAIRS AT THE CHINESE UNIVERSITY OF HONG KONG OR THE STUDENT WELFARE OFFICER AT THE POLYTECHNIC. COMPLETED
APPLICATIONS SHOULD BE RETURNED TO THE RESPECTIVE INSTITUTIONS BEFORE OCTOBER 18.
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