Financial Aid-Students Loan & Scholarships
{Financial Aid-Students Loan & Scholarships}
===LIST OF SCHOLARSHIPS OFFERED IN PAKISTAN===
-PhD Scholarships for FATA journalist
-Pakistan Scottish scholarship scheme
-CIIT(COMSATS Institute of Information Technology) Endowment fund scholarship
-Karachi university EMA scholarships
-HEC Scholarship for GCUF students
-Begum Bilquis scholarship program
-Peef Muzaffarabad offering scholarship programme
-PPL Welfare trust Karachi offering scholarship program
-CISCO Hyderabad scholarship programme
-Frontier education scholarship Peshawar admissions
-HEC Islamabad offering scholarships
===Financial Aid===
Financial aid may be classified into two types based on the criteria through which the financial aid is awarded: merit-based or need-based.
Merit based:-
This kind of aid includes scholarships awarded by the college or university based entirely upon a student’s merit that is merit-based scholarship. It could be given on basis of outstanding academic achievements, artistic, athletic skills, leadership potential and many other such capabilities. Merit scholarships are sometimes awarded without regard for the financial need of the applicant.
Need based:-
Need-based means that it is distinguished by only one factor and that is need. It is granted to students based on the assets and income of his or her family. It is a great opportunity for students who want to continue with their studies but cannot due to financial burden.
===STUDENT LOANS===
The student loans are the most popular, because it is quite simple to apply for them. Students usually prefer to apply for federal loans, because they provide better terms and lower level of interest rate. However nowadays modern banking system in Pakistan has introduced interest free loans so that the students can get higher education without facing financial issues. A large number of banks have come forward for this purpose of providing students with loans. Amongst the various banks few that provide interest free student loans include National Bank of Pakistan (NBP), United Bank Limited (UBL), Muslim Commercial Bank (MCB), Allied Bank Limited (ABL) , Habib Bank Limited (HBL), Dubai Islamic Bank, Bank Alfalah, Standard Chartered Bank and few others.
These banks are affiliated with around 71 recognized universities or colleges in all the provinces of the country and only if the student is able to secure an admission in any one of these universities then he or she will be eligible to apply for the student loan.
The students get the loan once they have enrolled for some course of any discipline may that be Technical studies, scientific studies or Medical. They can also apply for loan at any level of their educational career which might include graduation or post graduation.
Once the students get the loan they are supposed to repay it to the respective bank in a maximum of 10 years time after the date of disbursement of the loan. The installments will start after completion of first year of the respective education for which the student applied for the loan.
===LIST OF SCHOLARSHIPS OFFERED IN PAKISTAN===
-PhD Scholarships for FATA journalist
-Pakistan Scottish scholarship scheme
-CIIT(COMSATS Institute of Information Technology) Endowment fund scholarship
-Karachi university EMA scholarships
-HEC Scholarship for GCUF students
-Begum Bilquis scholarship program
-Peef Muzaffarabad offering scholarship programme
-PPL Welfare trust Karachi offering scholarship program
-CISCO Hyderabad scholarship programme
-Frontier education scholarship Peshawar admissions
-HEC Islamabad offering scholarships
===Financial Aid===
Financial aid may be classified into two types based on the criteria through which the financial aid is awarded: merit-based or need-based.
Merit based:-
This kind of aid includes scholarships awarded by the college or university based entirely upon a student’s merit that is merit-based scholarship. It could be given on basis of outstanding academic achievements, artistic, athletic skills, leadership potential and many other such capabilities. Merit scholarships are sometimes awarded without regard for the financial need of the applicant.
Need based:-
Need-based means that it is distinguished by only one factor and that is need. It is granted to students based on the assets and income of his or her family. It is a great opportunity for students who want to continue with their studies but cannot due to financial burden.
===STUDENT LOANS===
The student loans are the most popular, because it is quite simple to apply for them. Students usually prefer to apply for federal loans, because they provide better terms and lower level of interest rate. However nowadays modern banking system in Pakistan has introduced interest free loans so that the students can get higher education without facing financial issues. A large number of banks have come forward for this purpose of providing students with loans. Amongst the various banks few that provide interest free student loans include National Bank of Pakistan (NBP), United Bank Limited (UBL), Muslim Commercial Bank (MCB), Allied Bank Limited (ABL) , Habib Bank Limited (HBL), Dubai Islamic Bank, Bank Alfalah, Standard Chartered Bank and few others.
These banks are affiliated with around 71 recognized universities or colleges in all the provinces of the country and only if the student is able to secure an admission in any one of these universities then he or she will be eligible to apply for the student loan.
The students get the loan once they have enrolled for some course of any discipline may that be Technical studies, scientific studies or Medical. They can also apply for loan at any level of their educational career which might include graduation or post graduation.
Once the students get the loan they are supposed to repay it to the respective bank in a maximum of 10 years time after the date of disbursement of the loan. The installments will start after completion of first year of the respective education for which the student applied for the loan.
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