XN000022-1973-06-01 — Page 3

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Friday, June 1, 1973

The scheme for student finance provides assistance, on the basis

of need, to meet all reasonable expenses likely to be incurred by the

student, taking into account his financial resources. The principle

is that no student offered a university place should be unable to accept

for lack of means.

Commenting on these changes, a government spokesman said that

tuition fees at the two universities had remained virtually unchanged

for the past 10 years.

Since its inception in 1965, the independent University and

Palytechnic Grants Committee had, in its regular published reports,

drawn the attention of both the government and the universities to tho

question of revising these focs to more realistic levels.

"The University and Polytechnic Grants Committee took the view

that any alteration of the level of fees should depend upon the prior

introduction of an effective scheme of assistance to needy students," the

spokesman added.

"A schome to provide both grants and loans was introduced for the

first time in the academic year 1969/70. Administered through the UPGC

secretariat and controlled by the Joint Universities Committee on Student

Finance, on which both staff and students are represented, this scheme has

madò considerable progress since its inception."

"Altogether 2,867 students received grants totalling $3.694

million and 3,196 received loans totalling #9.235 million during the

1972/73 academic year," he said.

"The government

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