University fees will be frozen for the next academic year, leaving charges at the level of two years ago. The eight institutions under the University Grants Committee (UGC) will suffer a shortfall of about $330 million and the Finance Committee will be asked to approve extra cash to cover the loss. 'In view of the economic situation and the recent decision of the Financial Secretary to extend the moratorium on government fees revision, we consider it appropriate to freeze the tuition fees for the UGC-funded institutions for the second consecutive year,' a government spokesman said yesterday. Needy students will still be eligible for the means-tested Local Student Finance Scheme or the Non-means Tested Loan Scheme. In the 1998/99 academic year the Government provided about $882 million in grants and $740 million in loans to 32,720 students, or 50 per cent of the student population.