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Financial Aid

Ashoka University has helped over 2200 students achieve their dreams by availing financial aid from the institution.

For the 2019 intake of the Undergraduate programme, we are committed to giving a minimum of 100 FULL AID grants. 

Ashoka University is committed to making its world-class education accessible & 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.

 

While admission to Ashoka University is based on academics, extra-curricular activities and other holistic principles, financial aid is assessed entirely 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 Programme

Ashoka University’s generous Financial Aid policy has helped support approximately 46% of our undergraduate students who have received some form of financial grants.

 

Of these students, 74% have received full or partial tuition waivers while 26% have received full aid.

 

 

 

 

 

Fee Structure

 

Undergraduate Programme Fee Structure (August 2019 Intake)

 

 

Components Amount (INR) 
Tuition Fee 7,40,000
Residence Cost 1,55,000
Total 8,95,000

 

One-time Payments

  • Admissions Fee of INR 35,000 at the time of acceptance of the offer of admission
  • Refundable Security Deposit of INR 75,000 (Security Deposit of INR 50,000 and Meal Cost Deposit of INR 25,000) at the time of acceptance of an offer of admission. The Security Deposit will be refunded at the time of graduation from Ashoka University or at the time of withdrawal of admission from the programme.
Important Dates

 

Undergraduate Financial Aid Calendar for the 2019 intake

 

 

 

Round 1

Round 2

Round 3

Round 4

Financial Aid Forms Open

4 Jan, 2019

1 Mar 2019

24 May, 2019

12 July, 2019

Financial Aid Forms Close

11 Jan, 2019

8 Mar 2019

31 May, 2019

19 July, 2019

Decision Notification

1 Feb, 2019

29 Mar 2019

*28 June, 2019

*2 August 2019

Acceptance Deadline

15 Feb 2019

12 Apr 2019

5 July 2019

**9 August 2019

 

 

* These dates are indicative. Actual dates may vary based on the number of applications received

** Acceptance Deadline for candidates requesting Financial Aid in Round 4

 

Financial Aid Brackets

 

The Undergraduate Financial Aid Brackets for the 2019 intake

 

Financial Aid Brackets Amount Waived* (INR)
25% Waiver on Tuition 1,85,000
50% Waiver on Tuition 3,70,000
65% Waiver on Tuition 4,81,000
80% Waiver on Tuition 5,92,000
90% Waiver on Tuition 6,66,000
100% Waiver on Tuition 7,40,000
100% waiver on Tuition and 50% waiver on Residence 8,17,500
100% waiver on Tuition and 100% waiver on Residence 8,95,000
Exceptional Aid Tuition, Residence & Meals

 

*Indicates the amount of fee waiver by Ashoka University for each aid bracket.

 

MA Economics Programme
Fee Structure

MA Economics Programme Fee Structure (August 2019 Intake)

 

Components Amount (INR) per person
Tuition Fee 4,25,000
Residence (Opt-in) Cost 1,55,000
Total 5,80,000

 

  • If you opt for On-Campus Residence, the annual Residence Cost is INR 1,55,000. Ashoka University provides Residence and Meal facilities on Campus, on an optional basis 
  • If you opt for Meals, a Refundable Meal Cost Security Deposit of INR 25,000 is charged at the time of payment of Semester 1 fee. Meals will be charged on the basis of consumption by the student

One time Payments

  • The Refundable security deposit of INR 20,000 at the time of the offer of admissions. The security deposit will be refunded at the time of graduation  from Ashoka University or at the time of withdrawal of admission from the programme
  • The Meal Cost Security Deposit will be refunded at the time of graduation from Ashoka University or at the time of withdrawal of admission from the programme.
Important Dates

 

MA Economics Financial Aid Calendar for the 2019 intake

 

  Round 1 Round 2
Financial Aid Forms Open 19 May 2019 5 July 2019
Financial Aid Forms Close 26 May 2019 12 July 2019
Decision Notification 31 May 2019 19 July 2019
Acceptance Deadline 30 June 2019 30 July 2019

 

 

Application Process

 

STEP 1 : FINANCIAL AID FORM OPENS

 

The Financial Aid Form will be enabled only for those candidates who have been made a Firm Offer of Admission to Ashoka University. Candidates are recommended to take help from parents/ guardians while filling the financial aid form. Candidates will have 7 days after they receive a Firm Offer of Admission to complete the Financial Aid Form. All relevant details and instructions will be emailed to the successful candidates.

 

STEP 2 : COMPLETE THE FINANCIAL AID FORM & UPLOAD THE SUPPORTING DOCUMENTS

 

Instructions for Completing the Financial Aid Application Form

1. Take the help of a parent/guardian while completing the Financial Aid Application Form.

2. Add the email address 'financialaid@ashoka.edu.in' to your inbox address book so that the mails you receive from this ID does not go into spam.

3. Answer the questions clearly and honestly. Applications containing discrepancies, misleading information and lacking essential documents will be rejected without any further queries.

4. Before you begin, please scan and save the documents as JPG/PDF files of sizes under 2MB. The resolution of the files should be a minimum of 200 DPI, which is readable. Alternatively, you can also attach a zip folder of a zip file not larger than 2 mb containing all the documents.

5. Fill all mandatory fields with the correct information and upload the supporting documents. Do not use any special characters (for e.g. {- * , . / etc}) while completing the Financial Aid Application Form. Include additional supporting information in the comment box.

6. Do not attach password protected copies of attachments.

7. Re-read the form to ensure than the information submitted is correct. The Financial Aid decision is based solely on information submitted in the Financial Aid Application Form and no subsequent requests for modifying the information will be entertained.

8. Click the SUBMIT Button. Financial Aid Application Forms not submitted will not be processed for Financial Aid.

9. Haryana Resident students are eligible for a full or partial fee concession as per the Haryana Private Universities Act 2006. However, this aid grant is subject to the submission of Haryana Residence Certificate.

 

Procure the following documents in advance and keep them ready to upload/attach on the Portal. These documents need to be converted into PDF files of sizes under 2MB. The resolution of the PDF should be 200 DPI, which is readable. Alternatively, the candidates can also attach a zip folder of a zip file not larger than 2 mb containing all the documents.

 

a)      Income Tax Returns for the Financial Year 2015-16, 2016-17 & 2017-18 for your parents/earning members of the family

b)      Bank Account Statements for the last 12 months of all earning members of the family

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

d)      Business Income Tax Returns, Business Bank Statements, Business Financial Statements (Profit & Loss and Balance Sheet for the last two Financial Years) (for Business families)

e)      Form 26AS (for Business families)

f)       Loan Statements (mandatory is loan amount is mentioned)

g)      *Haryana Domicile Certificate (mandatory for availing Haryana Resident benefits)

 

Remember that the Financial Aid Committee will only consider the documents uploaded online. If the document has not been uploaded online, it will not be considered in the final assessment. Hard copies of the documents or copies of documents on email threads will not be accepted.

 

Before submitting the Financial Aid Form, please ensure that all the information is correct. Once submitted, no additional information or documents will be accepted either by phone, email or in hard copy.

 

STEP 3 : SUBMIT THE FINANCIAL AID FORM

 

Remember to SUBMIT the Financial Aid Form within the deadline. The submission deadline is binding and will NOT be extended. Forms not submitted will not be considered for Financial Aid.

 

STEP 4 : FINANCIAL AID ASSESSMENT &DECISION NOTIFICATION

 

The Office of Financial Aid will verify and assess the information provided by the candidate. Please note that your parents/guardians may be contacted during this verification process. The Financial Aid Committee reviews each candidate's application and makes a decision. The Committee expects the candidate to provide detailed comments and documents supporting their request for aid. The Committee will not follow up for missing documents.

 

All decisions are final.

 

*Haryana domicile students are eligible for a full or partial fee concession as per the Haryana Private Universities Act (2006). However, this financial aid 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.

FAQs

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.

 

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 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 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 1 - 30 April provided there is 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

 

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 financial aid is subject to the submission of Haryana Residence Certificate. Please note that Ashoka University reserves the right to determine the percentage of fee concession.

 

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

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 - Click here for the website
  2. Auxilo - Click here for the website
  3.  HDFC 
  4. Canara Bank

 

Financial Aid