TUESDAY, JANUARY 28, 1936
10
$120 MILLION IN GRANTS, LOANS FOR STUDENTS
****
A TOTAL OF $35.2 MILLION IN GRANTS AND $84.4 MILLION IN INTEREST-FREE LOANS WAS PAID TO STUDENTS IN THE HIGHER INSTITUTIONS OF LEARNING FOR THE 1985-86 ACADEMIC YEAR.
MAKING KNOWN THESE FIGURES TODAY, A SPOKESMAN FOR THE JOINT COMMITTEE ON STUDENT FINANCE OF THE UNIVERSITY AND POLYTECHNIC GRANTS COMMITTEE, WHICH ADMINISTERS THE MEANS-TESTED SCHEME, SAID THEY SHOWED AN INCREASE OF 10,6 IN GRANTS AND 2.8 PER CENT IN LOANS OVER THE YEAR.
THE SPOKESMAN SAID THAT 12 621 FULL-TIME STUDENTS OF THE TWO UNIVERSITIES, THE TWO POLYTECHNICS AND THE HONG KONG BAPTIST COLLEGE HAD APPLIED FOR THE FINANCIAL ASSISTANCE THIS ACADEMIC YEAR.
ASSISTANCE WAS GIVEN IN THE FORM OF GRANTS TO MEET THE STUDENTS' TUITION FEES, UNION FEES AND FACULTY EXPENSES, AND IN LOANS TO COVER LIVING EXPENSES.
OF THE APPLICANTS, 9 123 RECEIVED GRANTS AVERAGING $3 858 AND 10 729 WERE OFFERED LOANS AVERAGING $7 862, THE SPOKESMAN SAID.
MAXIMUM HELP WAS GIVEN TO SOME 1 420 STUDENTS FROM LOW-INCOME FAMILIES. THIS COMPRISED LOANS OF $10 700, AND GRANTS RANGING FROM $4 370 TO $10 370, DEPENDING ON THE INSTITUTIONS AND COURSES TAKEN.
APPLICATIONS FROM 587 WERE REJECTED BECAUSE OF INACCURATE AND INCOMPLETE INFORMATION.
+ANOTHER 946 WERE NOT SUCCESSFUL, DUE TO HIGH FAMILY INCOME, AND 359 OTHERS WITHDREW THEIR APPLICATIONS,+ THE SPOKESMAN SAID.
U.S. DEFERS TEXTILE IMPORT DIRECTIVE ******
THE U.S. CUSTOMS SERVICE HAS DEFERRED UNTIL MARCH 9 THE IMPLEMENTATION OF THE REQUIREMENT FOR ALL COMMERCIAL SHIPMENTS OF TEXTILES FROM 38 DEVELOPING COUNTRIES INCLUDING HONG KONG, REGARDLESS OF VALUE TO BE SUBJECT TO FORMAL ENTRY PROCEDURE.
THE U.S. CUSTOMS HAD ORIGINALLY ANNOUNCED THAT THE NEW TEXTILE IMPORT DIRECTIVE WOULD BE IMPLEMENTED ON FEBRUARY 1.
/UNDER THE ..................