LUMS Financial Aid
Admission to all programmes is purely on merit and independent of students’ ability to pay the related tuition fees. Once a student has been admitted to a programme, there are several mechanisms in place to provide financial support based on need and merit. All awards are reassessed each academic year based on performance, need, available resources and prevailing University policies. LUMS is committed to providing as much financial assistance as possible within the limits of its available resources. Nevertheless, the University may not be able to meet all requests for financial assistance, and it is strongly recommended that applicants secure as much of their own funding as possible.
Your financial need and your aid application does not affect your chances of admission.
Several Merit and Need-Based Scholarships are available for students who meet specific criteria.
- LUMS Interest-Free Loan
- Merit Scholarship
LUMS Interest-Free Loan
A degree from a tier-one university is one of the few investments with all-but-guaranteed return. Studying in LUMS not only opens doors in the professional world but also unleashes intellectual and financial potential.
At LUMS, we believe that financial circumstances should never stand in the way. To help, LUMS offers Interest-Free loans to the students from less privileged backgrounds who, without such assistance, would not be able to attend a university.
At MS level, LUMS Interest-Free loan covers partial to full tuition fee expense. These awards are reassessed in each academic year based upon performance and demonstrated financial need. The repayment of these Interest-Free loans starts six (6) months after graduation with a time period of 3 to 5 years.
Remember a loan is an obligation and is required to be paid back in instalments after graduation. Loan repayment not only contributes towards the recirculation of Financial Aid to deserving students but also inculcates social responsibility and ethical values within the students.
Merit Scholarships
Merit Scholarship is a form of gift and does not need to be repaid. LUMS provides Merit Scholarship Award to students who have proven their ability to succeed academically. There is no separate application for the scholarship. Students are automatically considered for the award when they apply for admission to LUMS.
First Year
Merit scholarship award covers partial to full tuition fee for one year only and is awarded to the admitted batch based on LUMS Admission evaluation ranking for the first year.
Coverage of Scholarship Award
Top five students will be awarded merit scholarship in the form of 100% Tuition Fee Waiver
Subsequent Years
Merit scholarship award covers partial to full tuition fee for one year only and is awarded to the returning batches who are placed on Dean's Honor List based on their academic performance.
Coverage of Scholarship Award
Top five students of each batch will be awarded merit scholarships in the form of 100% Tuition Fee Waiver
Note: In case a student qualifies for financial aid award and merit scholarship, they will be awarded the higher aid benefit. These awards are for one year only and cannot be carried forward to subsequent years.
Maintaining Eligibility
- Financial Aid Award is valid for One (1) year only. Continuation of aid in the subsequent year is subject to reassessment.
- Students receiving Financial Aid should maintain a Full-time status in a regular semester. Failure to do so will lead to the cancellation of the Financial Aid Award.
- Financial aid will not be provided for the Summer Semester.
- Financial Aid Award can be increased, reduced or kept the same at any stage of review during your stay at LUMS
- LUMS reserves the right to physically verify the beneficiary's Home/Business premises.
- LUMS reserves the right to amend, cancel, or terminate the awarded Financial Aid in case of any misrepresentation or incorrect information provided by the student. Such misrepresentation or concealment of facts may lead to the termination of your admission from the Programme. University also reserves the right to recover the awarded amount during the preceding year(s) from the recipient on an immediate basis.