A. If you are Shortlisted for the Interview
1. Your invitation email will instruct you to start preparing for the Financial Aid Process, if you wish to apply for an aid grant.
2. Download the Sample Financial Aid Form and become familiar with the requested information
3. Create a folder on your computer to store all the mandatory documents*.
4. **Start the process for obtaining the following mandatory documents:-
a) Income Tax Returns for the Financial Year 2017-18, 2018-19 & 2019-20 for your parents/earning members of the family
b) Salary statements for the last 3 months of all earning members
c) Bank Account Statements for the last 12 months of all earning members of the family
d) Details of the family’s Financial Assets (movable and immovable property, investments, etc)
e) For Businesses/Professionals : Income Tax Returns, Bank Statements, Financial Statements (Profit & Loss and Balance Sheet for the last three Financial Years) & Form 26AS
f) Details of main expenses. Loan Statements are mandatory if a loan expense is shown.
g) ***Haryana Domicile Certificate (mandatory for availing Haryana Resident benefits. Transfer Students are not eligible to apply for this benefit.
Please note that we may ask for additional documents during assessment if required (for ex, 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 2 mb containing all the documents are also accepted.
**DO NOT wait till you receive a firm offer of admission to start sourcing information & documents.
***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. Please also note that Transfer Students are not eligible to apply for this benefit.
B. If you receive a Firm Offer of Admission
1. Follow the instructions in your offer letter and start the financial aid application immediately
2. You will have 5 days from the offer notification date to complete and submit the form
3. Prepare for slow internet or other connectivity issues and do not wait until the last minute.
4. The deadline is binding and will not be extended.
5. Forms not submitted will not be considered for Financial Aid
C. When your aid application is being assessed
1. The Office of Financial Aid will verify and assess each candidate's application & information provided in the online form. Please note that your parents/guardians may be contacted during this verification process.
2. 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.
D. Final Decision & Acceptance of Offer
1. You will receive an email notifying you of the final decision of the financial aid committee.
2. Log into the Ashoka University Portal and check the fee structure. If you have been granted aid, it will be reflected in your fee structure.
3. Follow the instructions on the Portal to accept the offer by paying the acceptance fee.
What is Ashoka University’s philosophy in awarding financial aid?
Ashoka University believes that the primary responsibility to bear the cost of the educational expenses of the student belongs with the family before the university grants financial aid. We expect that the family will consider various financial resources available to them, including current income, savings, investments, and education loans, to finance the expected educational cost. The financial aid grant provided by the university aims to bridge the gap between the cost of the programme and your ability to pay.
How is the financial aid assessed?
The financial aid given by Ashoka University is assessed solely on the basis of your family’s financial standing. It is not based on scholastic merit, sports qualifications, parent's occupation or any non-financial factors.
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. However, if the international student is admitted to the university on partial or no financial aid, he/she is expected to manage their expenses, like travel (both local & international), medical etc. during their time at Ashoka University.
If I am applying to Ashoka University as a transfer student for the Spring 2020 semester, when can I apply for Financial Aid?
If you are planning to apply for a transfer to Ashoka University for the Spring 2020 semester, your financial aid form will be open from 27th - 31st December 2019. We strongly urge you to download the sample Financial Aid Form and obtain the necessary information and mandatory documents well in advance. You will find the list of documents in the Application Process section above.
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 business 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 (refer to the Financial Aid Application Process)
Will I have to apply for financial aid for each year of my Undergraduate 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 Undergraduate 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, called the Ashoka Scholars Programme.
I am not satisfied with the level of my aid grant. Can I apply for more aid in subsequent years of my programme?
As the percentage of financial aid granted to you is fixed at the time of joining Ashoka University, it will not be reviewed at any point in the course of the programme. The University expects the family to have sufficiently planned their finances to cover the entire length of the programme. However, in case of extreme unforeseen circumstances which greatly affect the family’s original financial planning (eg. Loss of job or loss of life of an earning member/s, or any similar circumstance), you will be allowed to apply for a revision of your current financial aid grant for the subsequent academic years by completing the Exceptional Circumstances Form. This review will only be considered if you contact the Office of Financial Aid between 1 - 30 April, before the start of the next academic year. Any revisions of aid will only be applicable for the next academic year.
If you are planning to apply for the Ashoka Scholar's Programme, and there has been a significant change in the family's financial situation which warrants a revision of aid, you must contact the Office of Financial Aid no later than 30th June before the start of the next academic year. Please note that any requests received after 30th June will not be considered.
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 email@example.com
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 firstname.lastname@example.org
Is there a different fee structure for Haryana Residents?
Haryana Resident students are eligible for a full or partial fee concession as per the Haryana Private Universities Act. However, this fee concession is subject to the submission of Haryana Residence Certificate. Please note that this benefit only valid at the time of admission. Ashoka University reserves the right to determine the percentage of fee concession. This fee concession is only valid for the three years of the Undergraduate Programme. It will not apply for the 4th year of Ashoka Scholars Programme. Transfer students are not eligible to apply for this benefit.
What is College Board India Scholars Program?
COLLEGE BOARD INDIA SCHOLARS PROGRAM IN PARTNERSHIP WITH ASHOKA UNIVERSITY
Students in India who score 1300 or above on the SAT® will be recognized as Top Performers by the College Board at the end of April on an annual basis. Top Performers who demonstrate significant financial need, defined as family income less than INR 8,00,000 per annum, and receive a firm offer of admission from Ashoka University, are eligible to receive a full tuition scholarship for the entire duration of their programme of study at Ashoka University. The family income will be verified by scholarship administration partner, Buddy4Study. Read more about the College Board India Scholars Program on www.buddy4study.com/collegeboard
To view a sample of the Financial Aid Application Form, click HERE.
For any queries not answered here, please write to email@example.com