Education is the most important investment one makes for the future. The Lahore University of Management Sciences (LUMS) realises that making such an investment in the youth can place financial stress on parents. While it is important that parents as well as students fully understand the nature and importance of this investment and are prepared to do their part, LUMS will make every effort that deserving students (based on assessed financial need and within available resources) can be provided appropriate financial assistance to make it possible for them to pursue quality education at LUMS.
Since its inception, LUMS has tried its utmost to make quality education accessible to all students in Pakistan, including those from low and middle income households. The University provides generous financial assistance packages to qualifying students in all its degree programmes and since its start has disbursed more than PKR 3.2 billion in financial assistance to its students. Currently some 30% of the students at LUMS get some form of financial assistance from LUMS based on the assessed financial need. During the academic year 2015-16, LUMS disbursed more than PKR 500 million as financial aid to its students.
A large number of financial assistance opportunities are available to undergraduate and graduate students at LUMS based on need and merit. These include tuition fee waivers, stipends, scholarships, student loans and on-campus jobs.