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Results of applications for students financial assistance
Some 4,500 tertiary students applying for financial assistance under the Local Student Finance Scheme (LSFS) for the next academic year have been informed of the results of their applications.
Application results of a further 7,000 to 8,000 students will be made known within the next few weeks, a spokesman for the Student Financial Assistance Agency announced today (Thursday).
The spokesman noted that tertiary institutions, in response to the request of the Joint Committee on Student Finance, have introduced measures to assist needy students who might have difficulties in paying tuition fees before the results of their applications were known.
Following is a summary of improved tuition fee collection arrangements introduced by tertiary institutions for new students in 1996-97:-
University of Hong Kong: A deposit of $5,000 to be paid in September and the balance of the first semester tuition fee to be paid in October.
Chinese University of Hong Kong An interest free bridging loan will be offered to new students who have difficulties in paying tuition fees.
Hong Kong Institute of Education: At the time of registration in September, students will be allowed to pay 50 per cent of the first semester tuition fee and to pay the balance in November.
Lingnan College: Needy new students, upon application at registration, will be allowed to pay only 50 per cent of the first semester tuition fee in the first instance and to pay the remaining 50 per cent in September.
Hong Kong Polytechnic University: Needy new students, upon application at registration, will be allowed to pay 1/4 of the first semester tuition fee and to pay the remaining 3/4 together with the second semester tuition fee in February.
Hong Kong University of Science and Technology: Students will be required to pay $5,000 as deposit in August and to pay the balance of the first semester tuition fee in October.
City University of Hong Kong: New students may initially pay 10 per cent of the annual tuition fees. Forty per cent of the annual tuition fee has to be paid in October and the remaining 50 per cent will be paid in the second semester.