Financial Aid
Financial assistance at LUMS is based on need and merit. Scholarships are typically awarded on merit or extremely high need. Usually a combination of financial aid comprising loan, tuition waiver and work compensation is offered to students. The university claims that it has given Rs. 1.2 billion in the form of scholarship or financial assistance to date. Some forms of financial assistance available to LUMS students are as follows:
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Famous quotes containing the words financial and/or aid:
“Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions.”
—Ambrose Bierce (1842–1914)
“The duty of the State toward the citizen is the duty of the servant to its master.... One of the duties of the State is that of caring for those of its citizens who find themselves the victims of such adverse circumstances as makes them unable to obtain even the necessities for mere existence without the aid of others.... To these unfortunate citizens aid must be extended by government—not as a matter of charity but as a matter of social duty.”
—Franklin D. Roosevelt (1882–1945)