azimpremjiuniversity.edu.in Scholarships 2015-17 Bangalore : Azim Premji University

Organization : Azim Premji University
Scholarship Name : Scholarships 2015-17
University Lcoation : Bangalore

Website : https://azimpremjiuniversity.edu.in/

Financial Assistance 2015-17:
Azim Premji University has an explicit commitment towards supporting disadvantaged students and provides extensive financial assistance to deserving students for pursuing higher studies.

The following types of financial assistance are available:
** Scholarships
** Education Loans
** Additional support for working professionals

Scholarships:
The scholarships are provided to cover the University fees, both tuition and accommodation fees.

Eligibility:
Candidates with annual family income of less than Rs. 5 lakhs / annum are eligible to apply for scholarships of upto 50%. A candidate who is awarded a 50% scholarship has to pay only 50% of the fees.

Candidates eligible for such part-scholarships can choose to pay the balance fees on their own or take an Education loan facilitated by the University.

For example, in case of a:
** 50% scholarship, 50% own funds: Students have to pay 50% of the fee
** 50% scholarship, 50% loan: No fee is payable directly. The education loan covers the balance 50% and will have to be repaid by the student to the Bank

Based on exceptional circumstances, enhanced financial assistance may be considered for candidates with an annual family income below Rs. 2 lakhs.

Definition of Annual Income:
** Unmarried: Income of parents (mother and father) / Guardian only
** Married: Income of spouse only

Details of income provided must include income from salary, pension, rent, agriculture, business, investments, commission and any other sources.

Eligibility does not guarantee scholarships. The University reserves the right to award or deny scholarships and the University’s decision on this will be final and non-negotiable. The University will conduct its own verification of documents and due diligence. The final award of scholarships is based on several factors like family income, number of dependents, background verification, appropriate documentation proof, etc.

Education Loans:
The University will facilitate Education loans for students through tie ups with banks. All students (with or without scholarships) can apply for Education loans, for tuition and accommodation fees. The Education loan requires a co-applicant, along with the student and the University only acts as a facilitator. It is the student’s responsibility to make available all required documents to the bank. Loan repayment starts after completion of the programme and the repayment period is upto five years. Candidates, depending on their requirement, can decide the exact amount of loan they need.

Additional support for working professionals:
The University strongly encourages experienced professionals working in the social sector to apply, as they bring in rich field experience and add significant value to class room discussions. Such students with hands-on experience gain a deeper insight that helps them become effective social change agents. The University recognises that some of these working professionals are sole earning members and have dependents, and they may need additional financial support as their income from salary is lost. In such exceptional cases, a monthly assistantship is provided. Such assistantships is in addition to the scholarships and loans and a limited number of such assistantships are available. The value of such assistantship could range up to Rs. 5,000 per month.

The minimum eligibility criteria for Assistantship are as follows:
** Minimum three years of work experience. The candidate should be employed as on March 1, 2015.
** The candidates should be the sole earning member of the family and quitting his / her current job to join the programme.
** Annual family income (excluding candidate’s income from salary) should be less than Rs. 5 lakhs.

Candidate performance in the selection process (test and interviews) will also be considered while awarding the Assistantship.

Process of application for financial assistance:
** Scholarship application: Candidates, whose annual family income is below
** Rs. 5 lakhs and are interested in availing a scholarship, must fill in details in the application form. The application form has further details on the definition of “family” and components of income that are to be included. Please note that scholarship requests will not be considered, if not indicated in the application form.
** Assistantships: No separate application is necessary and eligible candidates will be informed.
** Financial counselling: The University will conduct financial counselling for scholarship and assistantship applicants during the interview process, to further understand and assess their needs.
** Candidates applying for financial assistance should furnish the supporting documents required at the time of interview. Applications from candidates who delay submission / do not provide required supporting documentation will not be considered. Hence, candidates are advised to start collecting the documentation required, as soon as they apply for admissions.
** Request for financial support after joining the programme will not be considered.