For the first year, Merit scholarship awards cover full and partial tuition fee for One (1) year and are awarded to the top students of admitted batch in each school; based on LUMS Admission evaluation ranking.
- Mushtaq Ahmad Gurmani School of Humanities & Social Sciences (MGSHSS)
- Suleman Dawood School of Business (SDSB)
- Syed Babar Ali School of Science & Engineering (SBASSE)
- Shaikh Ahmad Hassan School of Law (SAHSOL)