KSBL Financial Assistance Process: An Introduction

Acquisition of knowledge, skills and values is something that demands proper educational methods that teach and train the individuals to refine them and to turn them into a gem. Karachi School of Business and Leadership is one of the names that thrive to facilitate students with Business studies.

KSBL is an independent graduate business school that flourishes on student’s accomplishments and achievements. It was established in 2009 through collaboration between the Karachi Education Initiative and the Cambridge Judge Business School. It offers several professional courses for master’s degree programs in business and accounting.

Financial Assistance Program at KSBL

Education is premium for most of the students. KSBL understands that higher education can be worrisome for those who are not very fortunate with finances. Those students, who have less privileged background, often become the victims of inclination and partiality while they deserve just as many opportunities as others are availing.

Keeping in view the financial struggles that students have to go through, KSBL has successfully incorporated strategies to form well-thought educational plans and opportunities for those students who want to pursue their studies in MBA.

Modules of Financial Assistance Program

Regardless of students’ financial status, KSBL is offering assistance through various programs to deserving students, purely based on merit.

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1- Merit Scholarships

This scholarship is purely merit-based and is offered to the students with outstanding academic performances. It offers an equal opportunity for everyone.

Factors that are taken into account in order to assess and evaluate a student’s profile for the scholarship are:

2- KSBL Loans

KSBL provides interest-free loans to the students that have zero interest on the given amount, to ensure their education with the institution. Here are the essential limbs of the program:

How Does it Work?

Upon graduation and before, students are reminded of their legal obligation of paying back the loaned amount via email and SMS. If they fail to do so, the FA committee may devise a new plan for the convenience of the graduate students to give them time to pay back.

3- Qarz-e-Hasna by Ihsan Trust

Ihsan Trust is a non-profit organization that provides financial assistance to the students for their higher education. Here is what the corporate offers for students at KSBL:

How Does it Work?

4- Fee Waivers

This program is for the needy and deserving students who cannot bear educational expenses nor can they afford to borrow loans. A specific amount of the fee or the full fee is waived off based on the applicant’s profile. Here is how it works:

5- Work-Study Program

A well-thought program to let students earn their way to get an education with dignity. This program is for those students who unfortunately do not fulfill the criteria of the other Financial Assistance programs. As the title goes, this program allows students to

Process and Procedures of FA Office and Committee

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  1. A student submits a financial assistance form to the FA office.
  2. The FA office analyzes and evaluates the student’s case thoroughly to generate a case summary.
  3. The summary is then forwarded to the FA committee for further assessment.
  4. Based on the student’s profile, needs, and shift on campus, the committee allocates financial assistance accordingly.
  5. If the student has applied for a morning shift, he will receive financial assistance through a combination of loans, Qarz-e-Hasna, and fee waivers.
  6. If a student is enrolled in the evening shift, he will receive grants through KSBL loan and fee waivers only. Ihsan trust allocates it grants for morning shift only.
  7. An email will be sent to the applicant about the approval of its FA application with the decided amount.
  8. If the decided amount is not plausible or sufficient for a student, he/she can file an application to reconsider his or her case.