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In his policy address on October 5, 1994, the Governor announced that the Government would improve the level of financial assistance to the Hong Kong students by providing, in the coming four years, an additional $122 million in grants and $203 million in loans.
"We expect 1,400 more students to become eligible for financial assistance and 4,800 existing beneficiaries to receive higher levels of assistance," Mr Wong said.
The Local Student Finance Scheme is a means-tested scheme, which provides grants and/or loans to eligible local needy students.
The grants are intended to cover tuition fees, academic expenses and student union fees. The maximum grant varies depending on the course of studies pursued.
The loans are intended to help towards students' living and personal expenses. The financial assistance payable in each case is determined by the financial circumstances and the size of the student's family, as measured by its annual disposable income and the course of studies pursued.
Applicants who possess family assets in excess of a set limit will have their assistance reduced.
End/Friday, January 6, 1995
District board by-election scheduled
A by-election of a district board member for the Yau Ma Tei constituency in Yau Tsim Mong district will be held on Sunday, March 5.
The nomination of candidates will start on Monday (January 9) and last until January 23.
A Gazette notice of the by-election will be issued by the Chief Electoral Officer on Monday (January 9).
A vacancy was declared in the gazette today by the Chairman of Yau Tsim Mong District Board following the recent death of Mr Chiu Kum-hoi.
End/Friday, January 6, 1995
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