Need Assessment Process

LUMS is committed to ensuring that high-quality education is accessible to talented students from all backgrounds. Financial aid awards are assessed each year, considering academic performance, demonstrated financial need, available resources, and university policies. While LUMS endeavors to provide substantial financial assistance within its available resources, students are encouraged to explore external funding sources to complement the aid provided by the university.

Applicants who require LUMS financial assistance are encouraged to apply through the regular financial aid process comprising of the following steps:

Financial Aid application and document submission by the due date;
Data verification and case review by the Office of Financial Aid. Applicants/students may be contacted for additional documentation.;
Decision on applicants’ financial aid request; and
Communication of the financial aid decision

Before submitting your Financial Aid application, please ensure you have gathered all necessary financial information and consulted with your parents/family. The information you provide should be correct, accurate, complete, and supported by the relevant documentation. Any information will not be considered valid if an official proof/document is missing. Moreover, documents submitted will not be returned under any circumstances. Failure to meet the deadlines may result in the rejection or cancellation of your request for financial assistance.

Timeline - When to apply for Financial Assistance?

Prospective Students (New Applicants)

Only applicants who indicate their intention to apply for LUMS Financial Aid (through the Online Admission Application), submit their admission application, and pay the required application processing fee by the deadline will be granted access to the Financial Aid application.

The Financial Aid application for Fall 2025 admissions will be available on the online admission portal after February 07, 2025, once the above requirements are met. Fall applicants will have almost a month to submit their complete Financial Aid application along with all necessary supporting documents. Applications that do not meet these requirements will not be eligible for financial aid assessment for the 2025-26 academic year. The LUMS Financial Aid Committee assesses each applicant's financial need to determine whether their family's resources are sufficient to cover the cost of attending LUMS.

Returning Students

Financial aid for the LUMS Returning students is reassessed annually. To continue receiving financial assistance in subsequent years, students must apply for financial aid each year on or before the dates specified by the Office of Financial Aid.

In order to be considered for LUMS Financial Aid, students MUST submit their Financial Aid application along with all the required supporting documents on or before the application submission deadlines. Applications that do not meet these requirements will not be eligible for financial aid assessment for the 2025-26 academic year.

Important Points to Remember:

In order to be considered for LUMS Financial Aid, applicants/students MUST submit their Financial Aid application along with all the required supporting documents on or before the application submission deadlines. Applications that do not meet these requirements will not be eligible for financial aid assessment for the 2025-26 academic year.
The LUMS Office of Financial Aid reserves the right to conduct periodic reviews to ensure that financial aid is awarded only to deserving students.
Financial Aid grants and Interest-Free loans are approved for One (1) year and are subject to annual review.
LUMS reserves the right to amend, cancel, or terminate financial aid in case of any misrepresentation or incorrect information provided by the applicant/student. Such misrepresentation or concealment of facts may lead to the termination of your admission from the Programme.
University also reserves the right to recover the awarded amount during the preceding year(s) from the recipient on an immediate basis.

For any questions or assistance, please reach out to us at helpdeskofa@lums.edu.pk