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Financial Assistance
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Overview
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| The founders
of LUMS envisaged a university where no one
would be denied admission because of the inability
to pay. The effort is to seek out the best talent
in the country and ensure that it is nurtured
so that it blooms to spread its benefits to
others. |
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| Efforts at
LUMS are geared towards creating equal opportunities
for all bright and gifted students of Pakistan
to come and study at the University by providing
generous financial assistance. Currently, out
of a student body of over seventeen hundred,
almost 40% are on some form of financial aid.
Since inception, we have disbursed over one
hundred and sixty million rupees in the form
of loans, scholarships, tuition waivers and
work compensation. |
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| Most of the
aid is, however, through loans. The objective
is to use the funds over and over again so that
more students can benefit from this privilege.
To make it easier for the graduates, they are
given enough time to get settled in their careers
before they are expected to start repaying.
This helps us to create more opportunities for
the next generation. |
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| Financial
assistance at LUMS is based on need and merit.
Scholarships are typically awarded on merit
or extremely high need. Usually a combination
of financial aid comprising loan, tuition waiver
and work compensation is offered to students.
Some forms of financial assistance available
to students are as follows: |
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LUMS Financial Aid
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| Merit Scholarship |
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| This is given
to the top students on the admission merit list
at the time of admission. Merit Scholarship
for undergraduate programmes covers full tuition
fee for the top three (3) students and in the
graduate programme it covers partial to full
tuition fee for the first academic year of the
students. |
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| LUMS Scholarships |
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| Granted to
students in all programmes with excellent academic
performance and genuine need for financial aid.
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| LUMS Loan |
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| Granted to
graduate programmes with good academic performance
and genuine need for financial aid. LUMS Loan
covers 20%-100% of tuition fee component of
the student. In all, LUMS loans are interest
free. |
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