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Financial Aid

Ashoka University has helped 1,221 students achieve their dreams by availing financial aid from the institution.

Ashoka University is committed to making its world-class education affordable for students from all walks of life. This is made possible through our need-based Financial Aid philosophy. 

 

At present, over 50 percent of our students on campus are on some form of aid in both the undergraduate and postgraduate programmes.

 

We assess aid on the basis of the financial standing of the student’s family. Our endeavour is to provide necessary financial support which can help you bridge the gap between the cost of the programme and your ability to pay.

Undergraduate Financial Aid

 

Application Process

You will be required to apply for financial aid while submitting your application for admission. If you are shortlisted for the interview, your financial aid form will be enabled on the Ashoka University Portal.

 

You will be mandatorily required to complete the financial aid form and furnish the following documents:

1. Income Tax Returns for the last financial year for your parents/earning members of the family

2. Bank Account Statement for the last 6 months of all earning members of the family

3. Details of the family’s Financial Assets (movable and immovable property, investments, etc)

4. Company Income Tax Returns and Bank Statements (for Business families)

5. Form 26AS (for Business families)

6. Loan Statement (If any)

 

Provide detailed, accurate and complete information to enable us to make a proper assessment of your financial aid.

Frequently Asked Questions

What is the eligibility criterion for availing financial aid?
Ashoka University offers need-based financial aid to all students who wish to avail of this benefit. We assess this need on the basis of your family’s financial standing. It is not based on scholastic merit, sports qualifications or any non-financial factors.

 

Will my request for financial aid affect my admission to Ashoka?
No, your request for financial aid will not affect your admission to Ashoka.

 

How much financial aid can I receive?
If you are eligible, you can receive anywhere from a 25% waiver on tuition to a full waiver on the total fee.

 

What if my parent/guardian is not required to file an ITR?

As per Income Tax Act of 1961, you are only exempt from filing an ITR if your total income is below INR 2,50,000. If you fall in this category, you will need to provide:

 

- an affidavit on a stamp paper, stating the gross annual income and the source(s) of income ( if the earning member is self-employed)

- salary slips for the last six months/salary certificate from the employer (if the earning member is salaried)

 

My parent/guardian has two or more bank accounts. Will I be required to upload statements for all bank accounts?

Yes, you will be required to upload the statements of all bank account by converting them into PDF files of sizes under 2mb. Ensure that the resolution of the PDF is 200dpi. Alternatively, you can also attach a zip folder containing all the statements.

 

Do you offer financial aid for international students?

Yes, we do offer financial aid for international students.

 

I am an International Student and we do not file Income Tax Returns in my country. What am I required to submit?

If you are an international student, you will be required to present any/all document(s) that you file with the government of your country that establishes the gross income and tax paid by individuals in your family or by the company owned and run by your family.

 

Can I submit the financial documents through email/post/in person?

No, you can only submit the financial documents through the financial aid form.

 

Will I have to apply for financial aid for each year of my Under Graduate Programme?

The percentage of financial aid granted to you is applicable for the entire duration of your undergraduate programme at Ashoka University.

 

Is my financial aid applicable for the fourth year of my Under Graduate Programme?

Your financial aid will apply to the fourth year as well provided you apply and register for the diploma programme offered by the university as the Plus-One year also called the Ashoka Scholars Programme.

 

If I did not apply for aid during the admissions process, can I apply after joining Ashoka University?

If you did not apply for aid at the time of admission, you can apply before the start of the next academic year between 15 May – 15 June provided there was a significant change (eg. Loss of job or loss of life of an earning member/s, or any similar circumstance) in your family’s financial standing.

 

What if I am not satisfied with the amount of aid granted to me? Can I re-apply for higher aid?

All decisions of the Financial Aid Committee are final. No request for re-evaluation will be considered once the final decision has been made.

 

Does my financial aid include the summer semester at Ashoka University?

Yes, the level of financial aid granted to you will be applicable to the summer semester at Ashoka University. For more information, please write to summer@ashoka.edu.in

 

Does my financial aid include study abroad or semester abroad programmes?

No, your financial aid package does not include the study abroad or semester abroad programmes. If you wish to apply for financial aid for any of these programmes, you are required to contact the Office of  International Programme at studyabroad@ashoka.edu.in

 

Please click here to download a sample of the Financial Aid Application Form.

 

For any queries not answered here, please write to financialaid@ashoka.edu.in

Postgraduate Scholarships

 

 

Education Loans

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

 

Please click on the following options for more details:

1. Credenc

2. HDFC

3. Canara Bank

Financial Aid

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