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.
Admission to all LUMS 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.
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 5.5 billion in financial assistance to its students. Currently 35% of the students at LUMS get some form of financial assistance from LUMS based on the assessed financial need. During the academic year 2018-19, LUMS disbursed more than PKR 871 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 TA/RAships.