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THURSDAY, MAY 10, 1990
IN
LOCAL YEAR. WITH
THESE LOANS WERE AT PRESENT INTEREST FREE BUT STUDENT LOANS HONG KONG UNDER THE LOCAL STUDENT FINANCE SCHEME FOR STUDIES AT CENT A TERTIARY INSTITUTIONS ATTRACTED AN INTEREST OF 2.5 PER THE CHANGE WOULD THUS BRING THE JOINT FUNDING SCHEME INTO LINE THE LOCAL STUDENT FINANCE SCHEME.
NOTED THE SPOKESMAN
THAT INTEREST CHARGES WOULD START ΤΟ YEARS ACCRUE ONLY AFTER GRADUATION, WHEN THE STUDENTS WOULD HAVE FIVE WITHIN WHICH TO
REPAYMENT IN FULL. THE BURDEN OF INTEREST PAYMENTS TO STUDENTS WAS ESTIMATED TO BE HK$40 PER MONTH ON AVERAGE.
MAKE
THAT THE SPOKESMAN EXPLAINED
THE JOINT FUNDING SCHEME WAS ΤΟ ASSIST INTRODUCED IN 1983
NEEDY HONG KONG STUDENTS PURSUING
ΤΟ DESIGNED
AMELIORATE TERTIARY EDUCATION IN THE UK. THE SCHEME WAS
BY THE HIGHER UK FEES THE EFFECT CAUSED TO HONG KONG STUDENTS THOSE FROM OVERSEAS.
ON
THE BRITISH GOVERNMENT AND THE HONG KONG GOVERNMENT A YEAR CONTRIBUTED EQUALLY TO A POOL OF FOUR MILLION POUNDS STERLING FOR DISBURSEMENT OF GRANTS.
THE CASH LIMIT OF FOUR PRO RATA BASIS
SHOULD THE DEMAND FOR GRANTS EXCEED MILLION POUNDS STERLING, THE DIFFERENCE WAS MET ON A BY LOANS OFFERED BY THE HONG KONG GOVERNMENT.
IN 1989-90, THE SCHEME ASSISTED 1,620 STUDENTS TO THE AN AVERAGE OF 3,260 POUNDS STERLING PER STUDENT.
TUNE OF
A REQUEST FROM HONG THE SPOKESMAN NOTED THAT IN RESPONSE TO
KONG KONG, THE MINISTER OF STATE WITH SPECIAL RESPONSIBILITY FOR HONG
RECENT HIS
VISIT ANNOUNCED DURING
THAT THE UK GOVERNMENT WOULD TWO INCREASE ITS ANNUAL CONTRIBUTION TO THE JOINT FUNDING SCHEME FROM
POUNDS STERLING WITH MILLION POUNDS STERLING TO 2.2 MILLION
EFFECT
FROM 1991-92.
OF THE SCHEME, HONG KONG IN ACCORDANCE WITH THE PRINCIPLES
INCREASE, MAKING THE TOTAL POOL FOR WOULD NOW MATCH THE DISBURSEMENTS STAND AT 4.4 MILLION POUNDS STERLING A YEAR.
"THE AGREEMENT TO
GRANTS
THE
THE JOINT ·
CONTRIBUTE MORE HAS DEMONSTRATED COMMITMENT OF BOTH THE UK AND THE HONG KONG GOVERNMENTS TO FUNDING SCHEME," THE SPOKESMAN ADDED.
CHANGES TO THE JOINT HE POINTED OUT THAT THE ABOVE SCHEME WERE APPROVED SUBJECT TO THE PROVISION OF FUNDS BY THE COMMITTEE.
FUNDING FINANCE
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