SPECIAL LOANS

Bay of Plenty Beacon, Volume 10, Issue 43, 30 October 1946, Page 7

SPECIAL LOANS

MEDICAL AND DENTAL BURSARS

Special rehabilitation loans to meet the cost of books and equipment are now available to ex-ser-vicemen taking full-time bursaries in medicine and dentistry at Otago University, says a -statement from the Rehabilitation Board. These are apart from the annual book grants of £5 a year advanced to rehabilitation bursars at New Zealand University Colleges to meet the cost of books and equipment. The loans will be up to a maximum of £125 ,for medical students and £175 for those studying dentistry. The whole will not be advanced at once, but in fixed annual amounts sufficient to meet the needs of the year. Security will be taken over the books and instruments purchased. The loans will be available to men who have been awarded bursaries for one or more years to study medicine or dentistry at Otago, including those who have already done one or more year's course providing they are making satisfactory progress.

Interest will be remitted annually during the currency of the course, and no payment of interest or repayment of principle will be required while the student pursues his course and complies with the conditions under which the loan is approved. Interest will be charged from the date of the completion of the course and from that date also the loan is repayable over a maximum period of five years. In the event of the bursar failing, to complete a course both loan and interest will become immediately repayable. In this circumstance the disposal of books and instruments should enable commitments to be met with probably one a small deficit, and where failure was not attributable to the fault of the bursar the Rehabilitation Board will consider writing off the deficit, particularly where the ex-serviceman disposes of the instruments and books'to another ex-service student. In cases where the Rehabilitation bursary has expired or been terminated before the application for the initial loan has been made, the reasons for the discontinuance of the bursary are taken into account when approval is under consideration. Under similar conditions the remittance of interest' is also governed by the reasons for the discontinuance of the bursary.