16
THURSDAY, MAY 10, 1990
CHANGES IN JOINT FUNDING SCHEME FOR HK STUDENTS IN UK
THE EXECUTIVE COUNCIL HAS APPROVED CHANGES ΤΟ THE FINANCIAL ASSISTANCE SCHEME FOR HONG KONG STUDENTS STUDYING IN THE UNITED KINGDOM IN RESPONSE TO CHANGES TO THE FEE STRUCTURE FOR TERTIARY LEVEL STUDIES IN THE UNITED KINGDOM.
A GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY) A NEW METHOD OF DETERMINING THE LEVEL OF ASSISTANCE UNDER THE JOINT FUNDING SCHEME WOULD BE INTRODUCED IN
1990-91 ACADEMIC
ΤΟ YEAR
NULLIFY THE KONG PARENTS ADVERSE EFFECT CAUSED TO HONG
AND STUDENTS BY THE INCREASE IN UK TUITION FEES.
THE
STERLING
RECENTLY, THE UK GOVERNMENT INCREASED THE TUITION FEE PAYABLE BY HOME STUDENTS FROM 607 POUNDS
A YEAR ΤΟ 1,675 POUNDS STERLING A YEAR, THE SPOKESMAN NOTED.
"THIS CHANGE HAS THE EFFECT OF NARROWING THE GAP BETWEEN THE MAY 'HOME' AND 'OVERSEAS' FEES, THEREBY REDUCING THE ASSISTANCE WHICH BE GIVEN TO HONG KONG STUDENTS UNDER THE PRESENT SPOKESMAN SAID.
SCHEME,
THE
STUDENTS UNDER THE MAXIMUM AMOUNT OF ASSISTANCE FOR HONG KONG
IN THE SCHEME WAS THE DIFFERENCE
FEES PAYABLE BY A BRITISH HOME
AN OVERSEAS STUDENT AND
STUDENT ATTENDING THE SAME COURSE. THE
WAS ASSISTANCE, IN THE FORM OF GRANTS AND LOANS,
MADE
то AVAILABLE HIGHER HONG KONG STUDENTS PURSUING FIRST DEGREE OR COURSES IN THE UK.
NATIONAL DIPLOMA
"IN ORDER TO AVOID CAUSING HARDSHIP AND DISRUPTION TO STUDENTS
FINANCIAL STUDYING IN THE UK,
ASSISTANCE то STUDENTS WILL NOW BE MAINTAINED AT THE EXISTING LEVEL, BY USING THE OLD THE BASIS OF CALCULATING THE AMOUNT OF ASSISTANCE,' SAID.
FEE
NOTIONALLY
AS
THE SPOKESMAN
THE EXECUTIVE GRANTS UNDER THE SCHEME BE STERLING A YEAR TO 4.4 SPOKESMAN SAID.
COUNCIL.
MILLION
HAD ALSO APPROVED THAT FUNDING FOR
INCREASED FROM FOUR
POUNDS STERLING FROM
MILLION
1991-92,
POUNDS THE
THIS WOULD HELP MAINTAIN THE VALUE OF GRANTS IN THE FACE OF
ADDING THAT THE HONG KONG GOVERNMENT AND THE INFLATION, HE SAID,
UK GOVERNMENT WOULD EACH CONTRIBUTE HALF OF THE FUNDS.
OUT
THE
IN ADDITION, THE EXECUTIVE COUNCIL HAD APPROVED THAT AN INTEREST CHARGE OF 2.5 PER CENT A YEAR ON LOANS TAKEN
UNDER SCHEME BE INTRODUCED WITH EFFECT FROM THE 1990-91 ACADEMIC YEAR.
/THESE LOANS
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