Financial Assistance/Scholarships Information

Merit Scholarships for Bachelor Students

Merit scholarship is awarded to the Top THREE position holders of each Board. This scholarship is for four years of UN-interrupted studies with full course load and is equal to the full tuition fee.Continuation of merit scholarship is subject to maintaining semester GPA of 3.0 or higher.

Top Three position holders in each semester

The university awards prize money and a certificate to those undergraduate students, who are the top three in their department. Students are selected from each of the four years of every degree program. Only those students are eligible who have undertaken the prescribed course load and have GPA of 3.00 or higher.

HEC Scholarships for MS and PhD students

The Higher Education Commission (HEC) provides liberal scholarships to students desirous of studying for the MS and PhD degrees at this university. The scholarship covers tuition fee, monthly stipend and book allowance.

HEC–JICA Scholarships

The Higher Education Commission (HEC) in collaboration with the Japanese Government offers need-based scholarships for both undergraduate and graduate level Computer Science students. This scholarship covers full tuition fee plus a monthly stipend to the student.

Sindh Government Endowment Board Scholarships

The Sindh Government offers scholarships to students of Karachi campus on need-cum-merit for both under-graduate and graduate studies. The scholarship covers full tuition fee for entire duration of the program, renewable every year. The quota for students from rural sector is 60%, and the remaining 40% is for the students from urban sector. About 25 new scholarships are offered every year under this scheme.

Other Scholarships

In addition to the above scholarships there are various community based scholarships offered by various committees and foundations such as, Memon Community Scholarships, Bohra Community Scholarships, INFAQ Foundation scholarships, Agha Khan Foundation Scholarships, etc.

Assistantships

The University may utilize the services of its graduate students in its different activities. These students are compensated for rendering their services. Preference is normally given to indigent students.

Bank Loans

PICIC Commercial Bank, NIB Bank, Bank Alfalah, Bank Islamic and MCB offer loans to students.

Study Loan

Realizing that the fees may not be affordable for some of its students, FAST arranges financial assistance in the form of interest-free study loans for bright indigent students. This assistance is subject to renewal every semester in light of the student’s academic performance. Financial assistance is limited to tuition fee only and is discontinued if the student’s CGPA falls below the minimum specified to avoid warning. Loan recipients MUST take full load of courses offered.

Applying for Study Loan

Applicants desirous of seeking study loan should apply for this purpose on the prescribed form available from all campuses or downloadable from the University web site.

Repayment of Study Loan

The repayment of loan starts three months after graduation or soon after getting employment, whichever is earlier. The total amount has to be repaid within a period of four years after graduation. Students are required to sign a contract allowing future employers to deduct loan repayments at source and remit it to the University.