83 -
Semester
Percentage increase in fees
Student population
Percentage
increase in
student population
April 1993
13,902
Oct 1993
13.0%
15,058
8.3%
April 1994
16,182
7.4%
Oct 1994
21.2%
18.311
13.1%
There is no justification for introducing a Student Finance Scheme for the students of the OLI which is similar to that provided to needy full-time students studying in Hong Kong's University Grants Committee-funded tertiary institutions. The Local Student Finance Scheme provides grants and loans towards meeting the respective fees and living expenses of needy full-time students studying at the publicly funded tertiary institutions whilst they are dependent upon their families. However, Government will continue to look closely at the development of the OLI to ensure that the open access to continuing higher education is maintained particularly for those with lower than average salaries. In this regard, Government has given an one-off grant of $50 million to the OLI to set up a Student Loan Fund to finance its own Student Loan Scheme due to be launched in October 1995. The Scheme will be able to assist approximately 2,000 students, on a means-tested basis, and will assist, therefore, those with a much lower than average level of income.
End/Wednesday, March 29, 1995
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