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Overview

Ashoka University is committed to offering a world-class education in India. This is matched by efforts to ensure that this education is accessible and affordable for students from all walks of life, through our philosophy of need-based financial aid. The programme has helped support over 60% of our Young India Fellows through financial grants since its inception over ten years ago.

This section contains information on the following:

  • Financial Aid: Philosophy, Documentation and Application Process
  • Education Loans: Financing your Ashoka education
  • Programme Fee: YIF Class of 2022-23
  • Refund Policy: YIF Class of 2022-23

Financial Aid: Philosophy

Ashoka University’s need-based Financial Aid programme aims to provide necessary financial support which can help you bridge the gap between the cost of the programme and your ability to pay. Several benefactors, including YIF alumni, have made financial aid possible.

Before awarding need-based financial aid to Fellows, we expect that the Fellow and/or their family/guardian(s) will consider various resources available to them towards financing the cost of the YIF programme.

To complement the need-based aid offered to selected candidates, Ashoka University has collaborated with institutions who enable education loans to help cover any gap between the aid offered and the programme fee.

Financial Aid Application: Documents and Information

Candidates may apply for Financial Aid if their Admissions Application is shortlisted for further consideration through the next stages of the selection process (namely, the Writing Test and Interview).

 

Download | Sample Financial Aid Form

 

The following are important points to keep in mind regarding the process:

  • The Financial Aid form will open once in each round for approximately one week, and each candidate will have one opportunity to submit an application. Requests made at any other time, especially after receiving an offer of admission, will not be entertained.
  • Candidates will have a few days between knowing their shortlist status and the opening of the Financial Aid form, so that they may start preparing documentation accordingly. We strongly recommend not waiting until the form opening, rather procuring required documents in advance.
  • It is estimated that it will take a candidate a few hours¬†to complete the Financial Aid form, if the required documents and financial information are in order.
  • Please note that in addition to the documentation listed below, we may ask for additional documents during assessment if required (for example, pre-COVID salary slips, in case of reduced pay, GST receipts, etc.)
  • Documents need to be converted into PDF/JPG files of sizes under 2MB, with a minimum resolution of 200 DPI, which is readable. Zip folders under 2MB containing all the documents are also accepted.

 

Mandatory Documents and Information

Required for all earning members, including the candidate (if applicable).

Documentation
  • Income Tax Returns for FY 2018-19, 2019-20 and 2020-21 (last 3 years)
  • Bank Account Statements (for the last 12 months)
  • Salary Statements (for the last 3 months)
Information
  • Details of the family‚Äôs financial assets, such as investments, real estate, vehicles, etc.
  • Details of any loans, mortgage, etc.

 

Additional Documents and Information (as applicable)

Required in addition to the mandatory documents listed above. 

For Business Families and Professionals
  • Financial Statements for FY 2018-19, 2019-20 and 2020-21 (last 3 years)
    • P&L Statement
    • Balance Sheet
    • Form 26AS
  • Details of main expenses (only information is required)
  • Loan Statements (if a loan expense is shown)
For Haryana Residents
  • The Candidate’s Haryana Domicile Certificate

Haryana domicile students are eligible for a full or partial fee concession as per the Haryana Private Universities Act (2006). However, this is subject to the submission of their Government issued Haryana Resident Certificate (Domicile). Please note that Ashoka University reserves the right to determine the percentage of fee concession.

 

Financial Aid: Application Process

Step 1: Becoming familiar with the Financial Aid Application

  • Please read through this page comprehensively to understand the philosophy, documentation and information required for submitting a Financial Aid application.¬†

 

Step 2: Applying for need-based Financial Aid

  • Soon after being shortlisted, candidates will receive a notification that the Financial Aid form has been enabled. The form will be enabled in early January 2022 (for Round 1 applicants) and early April 2022 (for Round 2 applicants).¬†
  • Follow the instructions and start the financial aid application immediately.
  • Candidates will have 7 days from the ‚Äčemail notification date to complete and submit the form.
  • Prepare for slow internet or other connectivity issues and do not wait until the last minute.
  • The deadline is binding and will not be extended.
  • Forms not submitted will not be considered for Financial Aid.

 

Step 3: Assessment of Aid Applications

  • The Office of Financial Aid will verify and assess each candidate’s application and information provided in the online form.
  • Please note that parents/guardians/candidates may ‚Äčalso ‚Äčbe contacted during this verification process.
  • The Financial Aid Committee will deliberate over the information and make a final decision.
  • Please note that the Committee will not follow up for missing documents.
  • Candidates are expected to provide detailed comments and documents supporting their request for aid.

 

Step 4: Offer of Admission and Financial Aid

  • Candidates selected by the Admissions Committee will then sent an Offer of Admission and Financial Aid, which would include the Financial Aid package (for those who apply) as decided by the Financial Aid Committee.¬†
  • If a candidate has been granted aid, it will be reflected in their fee structure and payment plan.¬†
  • Candidates will then be required to follow the instructions on the Admitted Candidate Portal to accept the offer of admission and financial aid by paying the acceptance fee (if applicable) by the acceptance deadline (typically about two weeks from the date of offer).¬†
  • In the rare case of a concern with respect to the Financial Aid decision (primarily owing to any changes in the financial standing of a candidate between the time they applied for aid and when they receive an offer), candidates will be allowed an opportunity to present their case to the Financial Aid Office.¬†

Education Loans

Ashoka University has collaborated with the following banks and organisations to provide admitted students with the option to explore education loans independent of our financial aid programme.

Please click on the following options for more details:

  1. HDFC Credila РApply
  2. Credenc¬†–¬†Website

Programme Fee: Class of 2022-23

The Programme Fee for the Young India Fellowship, Class of 2023 is as follows:

Tuition Fee (T): INR 7,98,000
Residence Fee (R): INR 1,95,000

Total Programme Fee (T+R): INR 9,93,000

Kindly note that meal plan charges additionally amount to INR 50,000.

Refund Policy: Class of 2022-23

The last date admissions for the Young India Fellowship (Ashoka University’s PG Diploma in Liberal Studies), Class of 2022-23 is 10th July, 2022. If an admitted student withdraws their admission after accepting the offer, they will be refunded a certain percentage of their deposited fees depending upon the date of their withdrawal, as follows:

Date of Withdrawal Refund Percentage
On or before 25th June, 2022*
100%
26th June, 2022 to 9th July, 2022 90%
10th July, 2022 to 25th July, 2022 80%
26th July, 2022 to 9th August, 2022 50%
On or after 10th August, 2022 0%
*An amount of 5% shall be deducted as processing charges (capped at a maximum of INR 5,000) from the deposited fee.
Please Note:
  • All refunds will be processed within 15 days from the date of request for withdrawal of admission.
  • To read the University Grants Commission Notification on ‚ÄúRefund of Fees and Non-Retention of Original Certificates‚ÄĚ, dated October 2018, please click here.
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Admissions to the Class of 2023-24 will open after August 2022.