10 -
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(11) University of Hong Kong
(12) For postgraduate students newly enrolled to
their courses in 1996-97
: 21 days from the date of offer of admission
The deadline is two
two months from
the date of registration
(in any case not later
then end of February
1997)
Financial assistance for applicants is assessed on the basis of their family income less permitted deductions and divided by number of family members to arrive at their annual disposable income, which will determine their grant/loan entitlements.
Applicants whose family assets exceed a set limit will have their assistance.
reduced.
If necessary, the applicant and/or an adult member of his/her household who is fully aware of the family's circumstances will be invited to attend an interview at SFAA to clarify information reported in the application.
Starting from the 1995-96 academic year, an extended loan scheme (ELS) has been established as an additional component of LSFS to help those applicants who fail the means test and those successful applicants with a low level of financial assistance under LSFS.
Under ELS. unsuccessful applicants of LSFS with annual disposable incomes exceeding the corresponding cut-off points but below certain maximum levels would be offered a special loan under a sliding scale at an interest rate of four per cent per
annum.
The assistance level of ELS will be reviewed annually.
Furthermore, those successful applicants under LSFS with entitled loans below the ELS maximum level would be offered an additional loan at an interest rate of four per cent per annum to top up the difference.
The Agency's spokesman makes a special note of warning that incorrect or inaccurate information provided in applications not only would lead to their rejection but might also give rise to criminal proceedings against the applicants.