Terms & Conditions

The following terms and conditions apply to applicants of the Financial Assistance Program:

1. The Financial Assistance Committee may conduct personal visits during the verification process.
2. Applicants may be required to appear for an interview if deemed necessary by the Financial Assistance Committee.
3. The Financial Assistance Committee may contact students and/or parents for verification of documents, income, and expense details.
4. Failure to submit the need-based scholarship form (fresh or renewal) within the stipulated deadline will result in cancellation of financial assistance.
5. IBA may provide bridge financing until the applicant is successfully connected with an external donor (Government, Private, or Zakat).
6. Applicants are required to continue applying for externally funded scholarships arranged by IBA until they are successfully placed with a donor. Students are advised to regularly check the IBA Financial Assistance webpage and their registered email accounts for available donor-funded scholarships and apply accordingly. Failure to apply for such scholarships may result in discontinuation of bridge financing.
7. IBA reserves the right to verify all information provided by the applicants at any stage.
8. For undergraduate students, financial assistance will be provided on a course basis for up to eight consecutive semesters from the date of admission in the first program. Repeated courses (for grade improvement or otherwise), previously withdrawn courses, and deficiency courses are not covered under need-based scholarships.
9. For graduate students, financial assistance will be provided for the duration of the course mentioned in the Program Announcement, except for EMBA and MSJ Programs.
10. To maintain the Financial Assistance (FA) award, a minimum CGPA of 2.5 is required. If the CGPA falls below 2.5 after the Fall semester results, financial assistance will not continue for the Spring semester. Students with a CGPA below 2.5 will be placed on financial assistance probation. Failure to improve the CGPA will result in discontinuation of financial assistance.
11. It is mandatory for students to reapply for IBA Financial Assistance annually or upon completion of the approved period for continuation of assistance.
12. Any student who directly approaches an IBA donor will be subject to disciplinary action.
13. It is mandatory for all students to print the Specimen Self Declaration Undertaking affidavit on Rs. 50 legal paper, fill it in, and sign it.

In Case of Providing False Information

• The need-based financial assistance award will be revoked, and the applicant will be disqualified from applying for any loan or financial assistance in the future.
• The student will be required to refund all financial assistance received to date and/or pay a penalty equivalent to the total financial assistance amount immediately.
• Misrepresentation or concealment of facts may lead to termination of admission from the program.

For any financial assistance–related queries or concerns, students may contact us at financial-aid@iba.edu.pk