Need Based Tuition Fee Waivers and Loans
Financing of a student's education is a commitment involving the student, his or her family and our institution. We at LUMS gear all efforts towards assisting as many students as possible within our limited resources. Financial assistance is offered to students with demonstrated need. These awards at the Undergraduate level are available in the form of tuition fee waivers and LUMS Interest Free Loan.
Undergraduate need based assistance covers partial to full tuition fee expenses of the programme. The range of the amount of financial assistance over the last year has been between 20% and 100%. These awards are reassessed in each academic year based upon performance and demonstrated financial need. Financial Aid fee waiver is not required to be repaid whilst LUMS Interest Free Loan will have to be paid back after six (6) months of graduation within a maximum period of five (5) years.
Remember – loans are an obligation and are required be repaid back in installments after graduation. Loan repayment not only contribute towards the recirculation of Financial Aid to deserving students but also inculcates social responsibility and ethical values within the students.