VPRS 3303 Help for Needy Students Fund: Quarterly Returns

Established in 1973, the Commonwealth funded Help-for-Needy-Students fund made money available for tertiary students, in the form of grants or loans, to cover fees, living allowances, and other educational expenses. The Victoria Institute of Colleges (VA 571) allocated the fund monies to its affiliated colleges, while the colleges were responsible for allocating loans and grants to individual students. When the Institute was abolished in 1980, fund-monies still held by it were distributed among the colleges.The quarterly returns, submitted to the Institute by its affiliated colleges, allowed the Institute to monitor and report on the activities of the colleges with respect to the fund. They show fund receipts, payments, and balances for each college for the period in question. Until 1978, this information was reproduced in the Institutes fund ledger (refer VPRS 3285). Whether a ledger was maintained after this time is not known. The returns in this series have been retained to provide a record of the fund from this time until it was wound-up in 1980.