Lahore University of Management Sciences

Graduate Programmes

MBA

	Overview Structure Admission Fees Financial Aid Calendar Faculty

Financial Aid

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.

The request for financial aid has no bearing on the application for admission. The application for financial aid will be considered by the financial aid committee after an applicant has been offered admission.

Financial Aid Form is available with the Admission Form. Applicants who need financial assistance have to complete the Financial Aid Form and submit it along with the application form for admission. The admissions office will not accept the financial aid form from the applicants separately after the expiry of the admission deadline.

Following documents are required to be submitted along with the financial aid application form

1. Salary certificate/Pension Slip of all earning members.
2. Utility Bills (May through August).
3. Income Tax Returns of all earning members.
4. Bank Statement (for the Last one year) of all account holders.
5. Wealth Statement.
6. Domicile Certificate of the applicant only.
7. Rental Lease Agreement (if applicable).
8. Copies of saving certificates/bonds/shares.
9. Loan document(s).
10. Fee Concession (Scholarship/loan) document(s) of sibling(s).
11. Photocopy of Applicant's Passport.
12. Any other document(s) indicating financial need.

Note: The decision regarding financial need is taken on the basis of the information provided at the time of application. The candidate is responsible for provision of complete and accurate information to ensure the financial aid decision in line with the actual financial situation of the candidate. In case of provision of wrong information the Admissions Office reserves the right to take action which may even result in termination of admission.

Once the student is granted admission to the programme, the financial aid application of the candidate is moved to the financial aid office for the financial aid decision. The LUMS financial aid committee ascertains the need of the candidate and the LUMS loan is granted on need cum merit basis.

Candidates who have applied for the financial aid at the time of admission application are considered for the award of loans and scholarships.

The students who are at a high need and merit and are short listed for LUMS loan are then further recommended for various scholarships provided that these students meet all the criteria set by the donors. If the scholarship is approved by the donor for that applicant, the LUMS loan already granted to the student is converted to scholarship. There is no separate application form for the Scholarships, the financial aid application submitted at the time of admission application is the only form which needs to be filled to be considered for award of loans and scholarships. The financial aid committee holds the authority for recommendation of candidates for scholarships on need cum merit basis.

	Description		Date
	Activation of on-line admission/financial aid application		November 2, 2007
	Deadline to submit on-line admission/financial aid application		January 17, 2008 (till 12 pm)
	Deadline to submit all supporting documents for financial aid		January 17, 2008 (till 5 pm)

Financial aid is offered in the form of scholarships and loans. Further details on repayment terms for loans are available from the Admissions Office. At present, the following scholarships and loans are available to students:

Scholarships		Loans
Merit Scholarships		Uch Power
HEC-USAID		Gulistan
HEC Japanese Ned Based Scholarship		Unilever Fund
FEF		MBA Class of 89
Asian Development Bank		Engro
NIB Commercial Bank		Burque
Mobilink		Ali Fund
ICI		Integrated Business Game
		Class of 91
		Best Way Foundation
		Asad Foundation