Financial Aid / Scholarships

Financial Aid Policy for Merit and Need-Based Scholarships

1. Financial Need Assessment (45%)

2. Academic Merit (30%)

3. Special Circumstances (15%)

4. Interview & Personal Commitment (10%)

Financial Aid Evaluation Criteria & Scoring System (Total: 100 Marks)

1. Financial Need (45 Marks)

2. Academic Merit (30 Marks)

3. Special Circumstances (15 Marks)

4. Interview & Personal Commitment (10 Marks)

Final Selection Criteria

1. Students will be ranked based on total marks (out of 100).
2. Higher scores = Higher priority for financial aid.
3. A minimum qualifying score will be determined annually based on available funds.
4. Tie-breaker: If two students have the same score, priority goes to the one with:
   1. Lower household income
   2. Higher academic performance (CGPA & consistency)
   3. More dependents
   4. Special circumstances (e.g., orphan, disability, displacement)
   5. Extra-curricular or research achievements

Appeals & Re-evaluation

• Students may submit an appeal within 7 days if they believe their financial need assessment was incorrect.
• A Financial Aid Review Committee will reassess the case and respond within 14 days.

General Eligibility Criteria

The following are the parameters for the selection of the students for Financial Aid:

• Students are divided into four broad categories:

1. Orphans, major disables/Blind, Earthquake affected children.
2. Children of Government servants upto BPS-16/Retired/Pensioner etc.
3. Children of GCU Employees upto BPS-16.
4. Children of private businessmen and farmers.

• Students of category 'A' are recommended 100% concession of University dues or as recommended by the Financial Aid Committee keeping in view the financial resources of the student's guardian.
• Students of category 'B C & D' having Parent's total monthly income less than Rs.20,000/- are recommended for the grants of financial aid as per parameters adopted by the Financial Aid Committee keeping in view the financial resources of the University and the number of applicants for the financial aid.

Procedure to Appeal against Scholarship/Financial Aid Suspension

To appeal against Scholarship/Financial Aid suspension, a student must be able to demonstrate the existence of mitigating circumstances. Mitigating circumstances are defined as, but not limited to, injury or illness of the student, death of a close relative, or undue hardship caused by unusual circumstances. The following steps shall be taken in the appeal process:

• The student shall inform in writing to the Focal Person/Chairman of Scholarship/Financial Aid Committee about circumstances under which he/she could not make satisfactory academic progress and why Financial Aid should not be terminated. Provision of relevant documents to support the appeal is strongly encouraged. The appeal must be received within two weeks of the date the student was notified about the suspension of his/her Scholarship/Financial Aid.
• The Scholarship/Financial Aid Committee will review the appeal and determine whether or not termination of aid is justified. The decision of the Scholarship / Financial Aid Committee will be informed to the student accordingly. The committee's decision will be final and may not be appealed further.

Providing False Information

Providing false information may result one or all of the following:

• Cancellation of admission
• Rustication from the University
• Disqualification for award of any future scholarship/financial aid
• Refund of all the payment received and or a penalty equal to total scholarship amount.