Paul James Rhodes Memorial Loan Fund [F20127]

1. Loans are available from the Paul James Rhodes Memorial Loan Fund to deserving students of limited means to enable them to commence, continue or complete a course of studies at The University of Western Australia leading to the degree of Bachelor of Science.

2.(1) The maximum total value of loans granted in any year shall be the annual income of the fund after capitalisation in accordance with Senate policy.

(2) Any loan will be repaid by such instalments as the Vice-Chancellor determines, provided that—

(a) borrowers are not required to repay the capital or any instalments of it while continuing their studies as university students; and

(b) the period for the repayment of the loan does not exceed four years from the end of the year in which borrowers complete or relinquish their studies as university students.

(3)(a) Borrowers are not charged any interest during the period of their studies as university students.

(b) Borrowers may be required to pay interest on the reducing amount of their debts from the end of their courses, with the rate and intervals of such payment being determined by the Vice-Chancellor.

(4) For the purposes of (2) and (3), borrowers' studies as university students are deemed to continue until 31 December of the year in which they either—

(a) relinquish their studies as university students; or

(b) complete a course for the degree of Bachelor of Science.

(5) Notwithstanding anything continued in (4), if borrowers' studies as university students are extended beyond the time within which it was expected they would complete their studies when the loan was made, the Vice-Chancellor may determine that all or any of the provisions of (2) and (3) do not apply during the extended time or any part of it.

3.(1) Applications for loans must be made to the Vice-Chancellor and must provide particulars of the applicants' means.

(2) Applicants may be required to provide particulars of the means of their parents or guardians.

4. Subject to these regulations the Vice-Chancellor determines whether any loan is to be made, the amount of the loan and the instalments by which payment will be made to the student and the conditions of repayment.

5. Before any advances are made to borrowers they are required to sign agreements to repay their loans in accordance with the terms and conditions on which they have been made.

6. The Vice-Chancellor may require guarantees on such terms and conditions as he or she thinks fit from persons approved by him or her.

7. Borrowers are required to pay all stamp and other duties on their agreements and on any guarantees required.