Financial Assistance
Keeping in view the socio-economic conditions, Iqra University offers Qarz-E-Hasana to the deserving students with week financial position to pursue their dream of higher education from Iqra University. No interest is charged by the University on such support extended to the deserving students.
The Financial Assistance Committee, as constituted under para 6 will decide about such cases too. However, for Qarz-e-Hasana, the committee can meet once every month to dispose off applications received.
General Terms & Conditions:
- No disciplinary proceeding is pending against the student
- Student is not involved in any prohibitive activity
- CGPA is 2.50 or above
- No “F” grade in any subject
- Must have 80% attendance
- Proof of Financial Condition of the student
- Properly filled-out prescribed Qarz-E-Hasana Form
- No. of Semester(s) such support is required
- Student must actively participate in “IU Volunteer Program” of Iqra University
Extent of Financial Support:
Following grid will be applicable to determine the extent of financial support
|
Sr. No. |
Condition |
Tuition Fee Support {Up to} |
|
1 |
If Parents fall under the category equivalent to G1, G2 of Iqra University |
50% |
|
2 |
If Parents fall under the category equivalent to M1, M2 & M3 of Iqra University |
30% |
|
3 |
If Parents are deceased and guardian fall under the category equivalent to G1, G2 of Iqra University |
60% |
|
4 |
If Parents are deceased and guardian fall under the category equivalent to M1, M2, M3 of Iqra University |
40% |
|
5 |
Self-employed and fall under the category equivalent to G1, G2 of Iqra University |
50% |
|
6 |
Self-employed and fall under the category equivalent to M1, M2, M3 of Iqra University |
30% |
In exceptional cases, where performance of such deserving student is outstanding following matrix will be applied for the financial support irrespective of the above grid:
|
CGPA |
Qarz-E-Hasana |
|
= 4 |
80% |
|
= > 3.75 < 4.0 |
70% |
|
=> 3.5 < 3.75 |
60% |
Qarz-E-Hasana amount will be returned to the University within one year of graduation in equal instalments or lump sum as per convenience of the student. This program is subject to the availability of the allocated budget and funds, as defined by the University at its sole discretion.