Importance of Need based Scholarships

Scholarships provide the student with an opportunity to earn an education without taking any help from outside sources. Those who have trouble paying for the degree need scholarships to enter professional life and become a contributing member of society.  There are many students in Pakistan who work in several places over the course of their university studies in order to pay for their classes, books, and lodging. This might be an option but it detracts from the time most students need to learn. Their studies suffer when a student is overworked.

Pakistan has no shortage of talented youth but in several instances, a lack of resources prevents them from realizing their potentials. This becomes more problematic when it comes to accessing higher education. The Government of Pakistan acknowledges these constraints and has tasked Higher Education Commission to facilitate the needy and deserving students through Need-Based Scholarships. Scholarships have been announced for financially disadvantaged students of as many as 94 public sector universities and their campuses. The scholarships aim to elevate the socio-economic status of the students by enabling their chances to get modern education and career opportunities for their brighter future. Financial assistance and scholarships are available for study at the undergraduate level in all disciplines at HEC selected public sector Pakistani universities and degree awarding institutions.

The Government of Pakistan has launched the country's largest undergraduate Scholarship program Ehsaas Undergraduate scholarship 2019. Under the Ehsaas scholarship program, 200,000 scholarships will be awarded to the deserving students in the coming four years. A 50% quota is reserved for female students. Ehsaas scholarship is a fully-funded program, which not only covers tuition fee but a monthly stipend will also be provided to the scholars.

There are different kinds of scholarships offered by the universities of Pakistan. Those institutions providing scholarships to the participant must learn to correctly manage their finances to ensure a positive relationship between donors and recipients. At UMT, merit-based scholarships are awarded at the time of admission while need-based financial assistance can be requested during the course of study only in exceptional circumstances. Some awards, however, are based on academic performance during a semester but double awards are not given.

At LUMS, all efforts are geared 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 Waiver and LUMS Interest-Free Loan. Undergraduate need-based assistance covers partial to full tuition fee expenses of the program. 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. A financial Aid fee waiver is not required to be repaid whilst LUMS Interest-Free The loan will have to be paid back after six (6) months of graduation within a maximum period of five (5) years. Need-based fee waivers are available for deserving students based on assessed financial need and within the available resources. It offers MPhil Need-Based Tuition Fee Waivers Financing of a student's education is a commitment involving the student, his or her family, and our institution. Even if you are unable to pay LUMS Fee, we will make sure your finances are not a barrier to getting a world-class education.

Similarly, at the time of admission to the University of Central Punjab (UCP), a student with 1st divisions in Matric and Intermediate can apply for financial aid. UCP offers up to 100% need-based scholarships to deserving students. Students have to submit the financial aid application along with all the supportive documents and then a committee will assess the need. A student on financial aid will have to maintain 3.00 CGPA throughout his/her course of study. In case of the unfortunate death of a father/guardian during study at UCP, such students can apply for financial assistance. Up to 50% of financial aid will be offered overall to the student on the recommendation of an Assessment Committee. Such students will have to maintain a minimum of 3.00 CGPA.

Whether you are an undergraduate student, a parent or an adult thinking about going back to university, you need to know what you and your children may be eligible for.  In 2020 higher education is very vital, and scholarships could be the main reason in helping you earn your degree at a more affordable price.