For BSc Honors Program
LUMS strives to arrange
financial assistance for students with genuine monetary
need. This assistance is also contingent upon the
student's overall merit. Financial aid is available on the
basis of need and merit in the form of scholarships and
loans. During the academic year 2003-2004, Rs 29.2 million
were granted as financial aid to deserving students.
Currently, around 26% of the students are getting
financial assistance in the following forms:
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These scholarships cover
partial expenses of the programme. The range of the amount
of scholarships over the last year has been between 25%
and 100%.
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These scholarships cover full
tuition fee and are awarded to the top three students in
the LUMS admission evaluation ranking. Students continue
to receive these scholarships in subsequent years, subject
to maintaining a required level of performance.
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The Ministry of Science and
Technology (MoST) awards scholarships on the basis of test
conducted by MoST.
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These are full as well as
partial scholarships awarded to deserving Pakistani
students on the basis of need and merit.
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Granted to student within a
specific income bracket and good academic performance.
This scholarship covers 38% of the tuition fee of the
student each year subject to their academic performance
during their stay at the University.
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LUMS also provides loans to
the BSc students. The range of loans has been between 10%
and 100%. LUMS loans are repayable after graduation. The
repayment starts six months after graduation and the loan
is repayable over a period of three to five years,
depending on the amount of loan.
All students are expected to make maximum contribution
towards their fee. Financial assistance is limited to the
tuition component only. Financial aid other than tuition
fee will only be given to applicants from extremely
impoverished backgrounds.
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For MBA Program
LUMS is committed to
providing financial aid for all students with either a
genuine financial need, or whose standing in the merit
list deserves assistance. This is based on our
philosophy that no outstanding candidate will be ignored
because of the lack of funds. That is why admission to
the University is separate from the financial aid
decision. Financial aid is offered in the form of
scholarships and loans. Further details on repayment
terms for loans are available from the Student Affairs
Office.
Given the high cost of
providing quality management education in Pakistan, the
University has made a tremendous effort to raise funds
to ensure that no deserving candidate is turned away
from the programme due to insufficient funds. At
present, the following scholarships and loans are
available to students:
|
Scholarships |
Loans |
|
Merit |
LUMS |
|
Asian Development
Bank |
Burque |
|
Bahrain |
Engro
Chemicals |
|
FEF Scholarship |
LUMS
Alumni |
|
Suleman Dawood |
Asad
Foundation |
|
Mayfair |
Gulistan |
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Asian Development Bank (ADB)
Scholarships
These scholarships cover
full two-year expenses including admission, tuition,
summer programme, registration, teaching material,
medical insurance, travel, and monthly subsistence. Only
candidates with a minimum of two years of work
experience qualify for this scholarship.
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These scholarships cover
partial tuition fee for the MBA Programme. The
scholarship is awarded on both need and merit basis.
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These scholarships are
awarded on the basis of need, merit, and work
experience.
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These are interest free
loans and are awarded on the basis of need and merit.
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These are interest free
loans and are awarded on the basis of need and merit.
Candidates should also have some work experience.
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