Deserving students from low-income background and good academic record are offered financial support in the form of free education or concessions in fee. This is in accordance with PMC Regulation which demands that up to 5% of deserving students should be offered free education every year, amounting to approximately 5 – 6 million rupees.
This policy should only be applicable on those who are enrolled in the MBBS program after having paid full fee. It does not apply to those who are already getting financial assistance from the institution.
The purpose of scholarships based on academics is to provide students with a reward for academic excellence.
Scholarships in the form of cash awards would be based on academic record and achievements. An average of 85% or above achieved in the professional exam in any subject will be awarded scholarships.
The Financial Assistance and Scholarships Packages include the following:
a. Installment Plan
- In principle, tuition fee for each year is payable in full; those students', who are not able to pay the due fee in full, may apply for Installment method of payment.
- The student can apply for paying the fees in three equal installments. These installments must be paid within the same session.
- The Dean shall approve the application after ensuring the need of the student.
- Payment of Installments will be made by giving post-dated cheques for the agreed dates.
b. Deferment of Fees
- In case student did not pay his/her total fee within a particular session then the finance department shall send a request letter to the student to pay the outstanding amount due.
- The post-dated cheque should be cleared within the same session period, so that the student's amount is cleared before the admission to the next semester.
c. Fees Insurance Plans
- An insurance plan is offered to cover the fee of all students till completion of studies in case of death or permanent disability of the head of household. The insurance company through CPMC offers students the opportunity to insure their fees. Annual payment of 50 thousand PKR for 5 years to the insurance agency offer guarantee of fee in the event of parental demise or permanent disability of the head of household.
d. Need based Financial Assistance
- There are number of scholarships available which are awarded to needy students only and are based on the assessed need level.
- All students/applicants seeking financial assistance shall be facilitated on the basis of assessed need level.
- The Committee scrutinizes the application along with supporting documents submitted by the students seeking financial assistance and scores their need level against laid down criteria; compares it to the need level of other applicants to assess the level of assistance that can be made available on the basis of available funds. If the student is not in the position to pay any fee at all, the committee has the authority to decide whether the student should be offered free education for that particular session, with the consent of the dean.
e. Scholarships based on Academic Excellence
- The committee will also ensure the disbursement of scholarships based on academic progress of students. These scholarships will not apply to those who are already getting financial assistance from the institution.