Frequently Asked Questions (FAQs)

Please consider this page as the first resource for answers to queries about applying for financial aid to the LUMS Undergraduate and Graduate Programmes

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Questions by Programmes

- Undergraduate Programmes
How can I apply for the LUMS Financial Aid?

Applicants who will be shortlisted for the admission and have given their prior consent to apply for the LUMS Financial Aid (though their LUMS Online Admission Application) will be required to fill out and submit the complete Online Financial Aid section along with all required supporting documents within the stipulated deadline.

After the completion and submission of the Financial Aid section of the Online application, a Document checklist will be generated according to the provided information. All documents must be properly scanned and uploaded in the Admission system for the Committee’s review.

Can I apply using a paper application?

No, you cannot apply using a paper application.

Can I send document(s)/information after the submission of my Online Financial Aid application?

Yes, you may submit it later, however, we encourage you to get all the relevant documents readily available at the time of Financial Aid application submission.

Can I apply for LUMS Interest Free Loan after getting admission?

No, you cannot apply for it at later stages as the Financial Aid application is within the admission application. Therefore, no separate Financial Aid applications are accepted.

Applicants who will be shortlisted for the admission and have given their prior consent to apply for the LUMS Financial Aid (though their LUMS Online Admission Application) will be required to fill out and submit the complete Online Financial Aid section along with all required supporting documents within the stipulated deadline. 

How do I create an account for Financial Aid application?

Financial Aid application is available within admission application; hence, you are not required to create a separate account for it.

Applicants who will be shortlisted for the admission and have given their prior consent to apply for the LUMS Financial Aid (though their LUMS Online Admission Application) will be required to fill out and submit the complete Online Financial Aid section along with all required supporting documents within the stipulated deadline. 

Can I apply for Financial Aid after the deadline?

Regretfully, we will not be able to consider your request to apply for Financial Aid after the deadline. As deadlines are an integral part of the LUMS work flow; in keeping with that, most of the work done by the LUMS Financial Aid Office is deadline oriented.

Is it possible to make changes to the online application after submitting it?

No, you cannot make changes to the application once it is submitted; thus, you are advised to fill out your application carefully.

When will I receive my Financial Aid decision?

Financial Aid decisions are announced 4 to 6 weeks after admission decisions.

Whom can I contact if I have any queries regarding Financial Aid application?

 If you have any queries or concerns regarding application, you may contact us at helpdeskofa@lums.edu.pk

Do I have to submit all the financial aid supporting documents in hardcopy as well after complete upload in the online application form?

It is not mandatory to submit all the documents in hard copy which you have already uploaded in soft copy in document checklist section of financial aid application.

Will I get the opportunity to explain my financial circumstances that demonstrate need of financial aid?

Financial aid representative will contact you when your application comes under assessment. You may let him / her know wherever you think need elaboration.

What is the typical response time for the resolution of a query?

All queries are answered on priority within the same day, however, maximum resolution time is 48 hours (two working days).

How do I upload more than one page documents in the checklist?

You will select the option “send by post” and send us documents which are more than one page for example “bank statement and passport copy”.

Is physical verification by LUMS authorities mandatory?

Yes, it is mandatory.

Can I keep both; financial aid award as well as merit scholarship?

You may have to make a choice between the two. One cannot avail the both awards at the same time.

What is document checklist?

Document checklist section is available at the end of the Financial Aid application. It enlists all the requisite supporting documents that are necessary to help us gauge your financial aid application. Financial aid application cannot be submitted without the completion of this section.

What do I write in statement of purpose?

In the statement of purpose section of financial aid application you can write anything which needs elaboration. It could be you financial circumstances or reasons in case you have failed to provide a certain document

Where can I drop missing information / update(s) regarding my application / change in circumstances etc?

You may drop your concerns on the said email id helpdeskofa@lums.edu.pk

Where can I check all the progress / updates regarding my application?

Your portal will be updated as soon as your FA decision is finalized. You may check it on regular basis for updates.

Can I appeal against my FA decision in case my application gets rejected?

Yes, students can appeal to review his / her financial aid decision.

Should I apply anew for financial aid in case I get deferment after my financial aid decision is confirmed?

You will apply afresh when you wish to resume your academics at LUMS after deferment.

Is financial aid granted for complete 04 years?

Financial aid is awarded for one (1) academic year and is subject to reassessment. In order to continue the financial aid award in subsequent years, students must apply for financial aid each year on or before the dates specified by the Office of Financial Aid.

What is Income Affidavit?

Income affidavit is a document that states the annual or monthly income received from a particular source and the source of income in detail. Furthermore, it should be on a legal stamp paper, duly signed and attested by Oath Commissioner or Notary Public.

What do I submit in case bank account is dormant?

You can submit an account dormancy letter from the relevant bank account.

How do I get income tax returns and assets and liabilities statement?

Wealth statement is the declaration of ones assets and liabilities and can be acquired from FBR, In order to apply for it, kindly visit the following link (https://www.fbr.gov.pk/)

When can I repay my LUMS Interest Free Loan?

Your Loan repayment process starts after 6 months of your graduation. You will be required to repay it within 5 years in the form of quarterly installments.

Can I repay my LUMS Interest Free Loan before graduation?

Yes, you can repay your loan amount before graduation through Flexible Loan Repayment Policy. According to this policy, students can repay any amount of their loan as per their discretion as the process before graduation is totally flexible and optional.

Is it mandatory to repay my LUMS Interest Free Loan before graduation?

No, it is not mandatory to repay your loan amount before graduation.

What are post-date cheques?

A set of documentation is required to be signed and deposited by you before graduation, which are a prerequisite to be able to graduate from LUMS. This includes legal agreements along with other requisite documents and post-dated cheques.

What is the purpose of post-dated cheques?

Post-dated cheques are a prerequisite to be able to graduate from LUMS. Upon repayment date the post-dated cheques provided (equivalent to installments) are presented for clearing. A prior notification is sent to the students to maintain balance for smooth running of the process.

- Graduate Programmes
How can I apply for financial aid?

Applicants who will be short-listed for the admission and have given their prior consent to apply for the LUMS Financial Aid (though their LUMS Online Admission Application) will be required to fill out and submit the complete Online Financial Aid section along with all required supporting documents within the stipulated deadline. After the completion and submission of Financial Aid section of the Online application, a document checklist will be generated according to the provided information. All documents must be properly scanned and uploaded in the Admission system for Committee’s review.

Can I apply using a paper application?

No, you cannot apply using a paper application as only online applications are accepted.

Can I send document(s) / information after the submission of my online financial aid application in support of my application?

Yes you may submit it on helpdeskofa@lums.edu.pk, however, we encourage you get all the relevant documents readily available at the time of Financial aid application submission.

Can I apply for LUMS Interest Free Loan after getting admission?

No, you cannot apply for it at later stages as the Financial Aid application is within the admission application. Therefore, no separate Financial Aid applications are accepted.

How do I create an account for Financial Aid application?

Financial Aid application is available within admission application; hence, you are not required to create a separate account for it.

Can I apply for Financial Aid after the deadline?

Regretfully, we will not be able to consider your request to apply for Financial Aid after the deadline. As deadlines are an integral part of the LUMS work flow; in keeping with that, most of the work done by the LUMS Financial Aid Office is deadline oriented.

Is it possible to make changes to the online application after submitting it?

No, you cannot make changes to the application once it is submitted; thus, you are advised to fill out your application carefully.

When will I receive my Financial Aid decision?

Financial Aid decisions are announced 4 to 6 weeks after admission decisions.

Whom can I contact if I have any queries regarding Financial Aid application?

If you have any queries or concerns regarding application, you may contact us at helpdeskofa@lums.edu.pk

Do I have to submit all the financial aid supporting documents in hardcopy as well after complete upload in the online application form?

It is not mandatory to submit all the documents in hard copy which you have already uploaded in soft copy in document checklist section of financial aid application.

Will I get the opportunity to explain my financial circumstances that demonstrate need of financial aid?

Financial aid representative will contact you when your application comes under assessment. You may let him / her know wherever you think need elaboration.

What is the typical response time for the resolution of a query?

All queries are answered on priority within the same day, however, maximum resolution time is 48 hours (two working days).

How do I upload more than one page documents in the checklist?

You will select the option “send by post” and send us documents which are more than one page for example “bank statement and passport copy”.

Is physical verification by LUMS authorities mandatory?

Yes, it is mandatory.

Can I keep both; financial aid award as well as merit scholarship?

You may have to make a choice between the two. One cannot avail the both awards at the same time.

What is document checklist?

Document checklist section is available at the end of the Financial Aid application. It enlists all the requisite supporting documents that are necessary to help us gauge your financial aid application. Financial aid application cannot be submitted without the completion of this section. Document checklist section is available at the end of the Financial Aid application. It enlists all the requisite supporting documents that are necessary to help us gauge your financial aid application. Financial aid application cannot be submitted without the completion of this section.

What do I write in statement of purpose?

In the statement of purpose section of financial aid application you can write anything which needs elaboration. It could be you financial circumstances or reasons in case you have failed to provide a certain document

Where can I drop missing information / update(s) regarding my application / change in circumstances etc?

 You may drop your concerns on the said email id helpdeskofa@lums.edu.pk

Where can I check all the progress / updates regarding my application?

Your portal will be updated as soon as your FA decision is finalized. You may check it on regular basis for updates.

Can I appeal against my FA decision in case my application gets rejected?

Yes, students can appeal to review his / her financial aid decision.

Should I apply anew for financial aid in case I get deferment after my financial aid decision is confirmed?

You will apply afresh when you wish to resume your academics at LUMS after deferment.

Is financial aid granted for complete 04 years?

Financial aid is awarded for one (1) academic year and is subject to reassessment. In order to continue the financial aid award in subsequent years, students must apply for financial aid each year on or before the dates specified by the Office of Financial Aid.

What is Income Affidavit?

Income affidavit is a document that states the annual or monthly income received from a particular source and the source of income in detail. Furthermore, it should be on a legal stamp paper, duly signed and attested by Oath Commissioner or Notary Public.

What do I submit in case bank account is dormant?

You can submit an account dormancy letter from the relevant bank account.

How do I get income tax returns and assets and liabilities statement?

Wealth statement is the declaration of ones assets and liabilities and can be acquired from FBR, In order to apply for it, kindly visit the following link (https://www.fbr.gov.pk/)

When can I repay my LUMS Interest Free Loan?

Your Loan repayment process starts after 6 months of your graduation. You will be required to repay it within 5 years in the form of quarterly installments.

Can I repay my LUMS Interest Free Loan before graduation?

Yes, you can repay your loan amount before graduation through Flexible Loan Repayment Policy. According to this policy, students can repay any amount of their loan as per their discretion as the process before graduation is totally flexible and optional.

Is it mandatory to repay my LUMS Interest Free Loan before graduation?

No, it is not mandatory to repay your loan amount before graduation.

What are post-date cheques?

A set of documentation is required to be signed and deposited by you before graduation, which are a prerequisite to be able to graduate from LUMS. This includes legal agreements along with other requisite documents and post-dated cheques.

What is the purpose of post-dated cheques?

Post-dated cheques are a prerequisite to be able to graduate from LUMS. Upon repayment date the post-dated cheques provided (equivalent to installments) are presented for clearing. A prior notification is sent to the students to maintain balance for smooth running of the process.