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
- Women Scholarship - 50% tuition fee waiver will be awarded to women admitted on high merit under the SDSB Women's Scholarship initiative
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 an assistance, would not be able to attend a university.
At Master of Science (MS) Programmes, LUMS Interest-Free loan covers partial to full tuition fee expense. These awards are reassessed each academic year based upon performance and demonstrated financial need. The repayment of these Interest-Free loans starts six (6) months after graduation with time period of three (3) to five (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.
Note: For students on need-based financial assistance i.e., from 20% to 100%, financial aid will be provided for 1 repeat course only for the entire degree programme.
Merit Scholarship
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.
Merit scholarship is awarded to the top ranked students on admission evaluation ranking in each of the Master of Science (MS) Programmes at SDSB. The Merit scholarship will be given in the form of 75% Tuition fee waiver.
Note: In case a student qualifies for financial aid award and merit scholarship, their scholarship will be adjusted accordingly. These awards are for one year only and cannot be carried forward to subsequent years. Students who are on Merit Scholarship will not be provided the said scholarship for any repeat courses.
Women Scholarship
LUMS consistently strives to make all its educational programmes accessible to all across the globe, regardless of students' ability to pay. Ground-breaking research, internationally competitive faculty, relevant curriculum, strong international linkages and a vibrant, extracurricular life have established LUMS as a Centre of Excellence in the region.
The aim of Women Scholarship is to foster, celebrate and advance women’s leadership in business. By tapping highly talented young women, we hope to contribute towards building the future of not only their families but also their communities. This scholarship will support female candidates to pursue higher education on merit and will increase the number of women joining the Master of Science (MS) Program of the SDSB. 50% tuition fee waiver will be awarded to women admitted on high merit under the SDSB Women's Scholarship initiative.
This Scholarship will groom female managers and leaders of business; dramatically changing the managerial landscape of Pakistan. As these women assume leadership roles in organisations across the country, there will be a change in the culture of these organisations.
Note: In case a student qualifies for both women scholarship and any other award, she will receive the higher aid benefit. Students who are on Women Scholarship will not be provided the said scholarship for any repeat courses.
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 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.