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 Scholarships, Prizes, Endowments
 
 II. Loan Funds

II. Loan Funds

 
  Elsie May Hewson Medical Student's Loan Fund [F20124]
 
  K. W. Hatfield Memorial Fund [F20123]
 
  Medical Department—Student Loan Fund [F20125]
 
  Medical Student's Loan Fund [F20126]
 
  Paul James Rhodes Memorial Loan Fund [F20127]

Elsie May Hewson Medical Student's Loan Fund [F20124]

A sum of $67,352 having been bequeathed to the University by Mrs Elsie May Webb (nee Hewson) for the purpose of establishing a loan fund to assist needy medical students in the third and subsequent years of the Bachelor of Medicine and Bachelor of Surgery (MB BS) course, a fund to be called the Elsie May Hewson Medical Students' Loan Fund is established for the purpose.

The fund is administered in accordance with the following regulations.

1. The income from the fund after capitalisation, in accordance with Senate policy, is used to provide loans to promising students in the third and subsequent years of the MB BS course who are financially handicapped.

2. The Vice-Chancellor may, having regard to the recommendation of the Dean of the Faculty of Medicine, Dentistry and Health Sciences, approve loans from the fund.

3. The maximum amount advanced to a student must not exceed the Tertiary Education Assistance Scheme allowance in any one year and shall not exceed three years' support in total.

4.(1) A student for whom a loan is approved must, before the money is paid, sign an agreement undertaking—

(a) to repay the loan within such time not exceeding three years from the end of his/her course and by such instalments as the Vice-Chancellor shall in each case decide; and

(b) to comply with such other terms and conditions as the Vice-Chancellor in each case decides.

(2) The student must pay any stamp duty payable on such agreement.

5. Interest is not charged on a loan during a student's course.

6. For the purposes of 4 and 5, a student's course is deemed to end on 31 December in the year in which the course was completed or for any reason discontinued.

 

K. W. Hatfield Memorial Fund [F20123]

1. The fund will be called the K. W. Hatfield Memorial Fund.

2. The capital and income from the fund is used as the trustees of the fund think fit for all or any of the following purposes:

(a) to make loans or grants to students in Western Australia to enable them to—

(i) enrol for or to continue with any courses of study, or

(ii) sit for any examinations which may be necessary for obtaining any degree, diploma or other qualification in law or for obtaining admission to practise law in Western Australia;

(b) to provide prizes for law students in Western Australia;

(c) to provide lectures or courses of study in any subjects (including legal medicine) which in the opinion of the trustees would be of benefit to law students;

(d) to make grants for enabling research to be undertaken in such areas of law as the trustees may think fit; or

(e) to advance the education of law students in Western Australia.

3.(1) The trustees of the fund are:

(a) the Executive Director (Academic Services) and Registrar or nominee;

(b) the Executive Director (Finance and Resources) or nominee;

(c) the Associate Dean of the Faculty of Law;

(d) one member of the Faculty of Law appointed by the Senate on the recommendation of the sitting trustees; and

(e) two individuals, external to the University, appointed by the Senate on the recommendation of the sitting trustees.

(2) The Senate may, on the recommendation of the trustees, appoint additional trustees or appoint trustees in place of trustees who resign or, for any reason, are unable to act as trustees or cease to be trustees.

4.(1) Applications for loans or grants may be made at any time but from time to time, as funds become available, the trustees may arrange for notices to be published calling for applications.

(2) Applications should be addressed to the Associate Dean of the Faculty of Law, who will refer them to the trustees.

(3) The trustees may request the Associate Dean of the Faculty of Law to report on the merits of any application.

(4) The trustees may make loans or grants subject to such terms and conditions as they think fit.

(5) Generally where a loan is made—

(a) no interest will be charged during the period of the student's course;

(b) the student will be permitted to repay the loan by instalments commencing after such period;

(c) the student will be required to sign an agreement to repay the loan and any interest in accordance with the terms and conditions under which the loan was made.

 

Medical Department—Student Loan Fund [F20125]

A sum of $2000 having been made available to the University by the Western Australian Medical Department, to be held on trust as a loan fund to assist medical students in times of financial stress, the fund is administered by the University in accordance with the following regulations.

1. The Vice-Chancellor may, on the recommendation of the Dean of the Faculty of Medicine, Dentistry and Health Sciences, approve loans from the fund.

2. Only students in the fifth or sixth years of the course for the degrees of Bachelor of Medicine and Bachelor of Surgery are eligible to apply.

3. An applicant must satisfy the Dean—

(a) that without financial assistance from the fund he would be obliged to withdraw from his course or so limit his expenses as seriously to impair his chances of success in his course;

(b) that all other avenues of financial assistance have been unsuccessfully explored;

(c) that he is of good character; and

(d) that his ability warrants special recognition.

4. The maximum amount advanced to a student must not exceed $400 in total.

5.(1) A student for whom a loan is approved must, before the money is paid, sign an agreement undertaking—

(a) to repay the loan within such time not exceeding four years from the end of his course and by such instalments as the Vice-Chancellor in each case decides;

(b) to pay interest at five per cent per annum from the end of his course on the reducing amount of his debt at half-yearly intervals; and

(c) to comply with such other terms and conditions as to repayment as the Vice-Chancellor in each case decides.

(2) The student must pay any stamp duty payable on such agreement.

6. No interest is charged on a loan during the student's course.

7. For the purposes of 5 and 6, a student's course is deemed to end on 31 December in the year in which the course was completed or for any reason discontinued.

8. Money not out on loan is invested by the University with other trust funds; the interest therefrom is added to the principal sum of the loan fund.

9. The University provides the Faculty of Medicine, Dentistry and Health Sciences with an annual financial statement showing the operations of the trust fund.

 

 

Medical Student's Loan Fund [F20126]

A sum of $600 having been donated to the University by the Royal Perth Hospital Ball Committee to establish a Medical Students' Loan Fund to assist medical students in times of financial stress, the fund is administered in accordance with the following regulations.

1. The Vice-Chancellor may, on the recommendation of the Dean of the Faculty of Medicine, Dentistry and Health Sciences, approve loans from the fund.

2. Only students in the fourth, fifth or sixth years of the course for the degree of Bachelor of Medicine and Bachelor of Surgery are eligible to apply.

3. An applicant must satisfy the Dean—

(a) that without financial assistance he would be obliged to withdraw from his course or so limit his expenses as to seriously impair his chances of success in his course;

(b) that he is of good character; and

(c) that his ability warrants special recognition.

4. The maximum amount advanced to a student must not exceed $200 in any one year and must not exceed $300 in total.

5.(1) A student for whom a loan is approved must, before the money is paid, sign an agreement undertaking—

(a) to repay the loan within such time not exceeding three years from the end of his course and by such instalments as the Vice-Chancellor in each case decides;

(b) to pay interest at four per cent per annum from the end of his course on the reducing amount of his debt at half-yearly intervals; and

(c) to comply with such other terms and conditions as to repayment as the Vice-Chancellor in each case decides.

(2) The student must pay any stamp duty payable on such agreement.

6. No interest is charged on a loan during the student's course.

7. For the purposes of 5 and 6, a student's course is deemed to end on 31 December in the year in which the course was completed or for any reason discontinued.

 

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.

 
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