AN ADDITIONAL 6,200 tertiary students are expected to benefit from an improvement package to be introduced under the Local Student Finance Scheme in 1995-96 academic year. The improvements to the scheme were approved by the authorities recently. Alfred Wong, the controller of Student Financial Assistance Agency, estimated that the total additional grants and loans which would be made under the proposed improvements would be $26.6 million and $55 million respectively. In his last October's policy address, the Governor announced that the Government would improve the level of financial assistance to Hong Kong students by providing, in the coming four years, an additional $122 million in grants and $203 million in loans. 'We expect 1,400 more students to become eligible for financial assistance and 4,800 existing beneficiaries to receive higher levels of assistance,' Mr Wong said. The Local Student Finance Scheme is a means-tested scheme which provides grants and/or loans to eligible local needy students. The grants are intended to cover tuition fees, academic expenses and student union fees. The financial assistance payable in each case is determined by the financial circumstances and the size of the student's family, as measured by its annual disposable income and the course of studies pursued.