Fee Structure

The actual cost of studying at LUMS will vary by student depending on degree and course loads, on-campus or off-campus accommodation, year, and indirect expenses such as books, supplies, transportation, incidental and personal expenses, and any financial aid received. To assist parents and students to get a reasonable sense of the annual cost of studying at LUMS, the following estimates are shared based on typical student course loads and associated fees which are described in detail in the Fee Structure.

2013-14 ESTIMATED ANNUAL COSTS FOR LUMS MSC ECONOMICS PROGRAMME (MGSHSS)

MSc. Economics (One-Year Track)

Fee	Annual Cost
Tuition (based on degree requirements)	Rs. 547,500
Other Fees	Rs. 82,500

MSc. Economics (Two-Year Track)

Fee	First Year Student	Returning Student
Tuition (based on degree requirements)	Rs. 438,000	Rs. 547,500
Other Fees	Rs. 82,500	Rs. 32,500

* There is also a one-time refundable security deposit of Rs. 15,000 for new students.

Tuition for students in the One-Year MSc Track is based on a 15 credit-hour per semester degree requirement. Students in the first year of the Two-Year Track degree will be charged undergraduate tuition. In their second year, these students will be charged the same Tuition (based on 15 credit-hours per semester) as students in the One-Year Track.

In terms of tuition and university fees, the typical One-Year Track MSc. Economics student will incur the equivalent of around Rs. 52,000 per month (spread over 12 months), plus board and living costs which will vary by student. The typical Two-Year Track MSc. Economics student will incur the equivalent of around Rs. 45,000 per month (spread over 12 months), plus board and living costs which will vary by student. (Note that this is only for planning purposes, fees are payable by semester).

Education is clearly one of the most important investments we make in our own and our children’s lives. Parents and students are advised to carefully understand the cost structure accordingly. LUMS is proud to offer generous financial assistance to a large proportion of its qualifying students, which range from partial to full coverage of tuition and living costs. While LUMS makes every effort to assist its students, it cannot guarantee financial assistance and all awards are reassessed each academic year based on performance, need and prevailing University policies. See details of LUMS financial aid programmes here.