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AURO University Financial Aid 2015-16

Need-Based Financial Aid

Policy Parameters

AURO University’s Need-based funding will be granted to those talented applicants who demonstrably face significant difficulties in raising sufficient finances for the university’s undergraduate and postgraduate academic programs. Priority will be given to candidates with a marked socio-economic disadvantage. To be considered for any of these forms of funding, candidates shall be required to adhere to the processes and eligibility criteria outlined below.

Outstanding students who have scored a minimum of 70% marks in their qualifying exams, who come from financially challenged backgrounds, and whose gross family income is below Rs. 3,00,000/- per annum, can apply for need-based financial aid at AURO University. The amount of financial aid will depend on a verification of their need, and the academic promise the students display. At its maximum, the funding may cover tuition fees, book charges as well as the costs of room and board.

The Financial Aid Committee will determine the annual quantum of this aid per student based on its assessment of each application submitted. The total financial aid available per year will be as per the amount allocated in the approved annual university budget, which may vary from year to year. There is no guarantee that the university will be able to support all eligible applicants.

Eligibility

Candidates seeking financial aid must provide evidence of financial need as per the eligibility criteria, and documentation listed below. They may be asked to submit additional information during the application review process. At the time of final selection by the Financial Aid Committee, preference will be given to candidates residing in rural areas, and those who have limited access to loans.

Specific Criteria for eligibility include:
  • 70% minimum in the qualifying exam
  • Up to Rs. 300,000 annual family income
Need-Based Financial Aid Application Form

AURO Merit Scholarships

Post Graduate Program:

Scholarship:
  • Students who have scored between 60% and less than 70% marks in their graduation examination will receive a scholarship of 15% on the first semester tuition fee amount.
  • Students who have scored between 70% and less than 80% marks in their graduation examination will receive a scholarship of 25% on the first semester tuition fee amount.
  • Students who have scored between 80% and less than 90% marks in their graduation examination will receive a scholarship of 35% on the first semester tuition fee amount.
  • Students who have scored 90% and above mark in their graduation examination will receive a scholarship of 50% on the first semester tuition fee amount.
  • University toppers will receive a scholarship of 100% on the first semester tuition fee amount.

The scholarship from second semester onwards will be governed by the University’s Student Performance based Scholarship Programme.


Undergraduate Programs:

Scholarship:
  • Students who have scored between 70% and less than 80% marks in their last qualifying examinations will receive a scholarship of 15% on the first semester tuition fee amount. In case of International degree, equivalence certificate will be required from the competent regulatory body.
  • Students who have scored between 80% and less than 90% marks their last qualifying examination will receive a scholarship of 25% on the first semester tuition fee amount.
  • Students who have scored between 90% and less than 95% marks their last qualifying examination will receive a scholarship of 35% on the first semester tuition fee amount.
  • Students who have scored 95% and above mark in their last qualifying examination will receive a scholarship of 50% on the first semester tuition fee amount.

The scholarship from second semester onwards will be governed by the University’s Student Performance based Scholarship Programme.


Sports Scholarship:-

AURO University encourages the meritorious students who have excelled in the sports. The category of sports scholarship as follows:-
  1. Students who have represented the State level will be given 5% relaxation in the qualifying scholarship marks in the first semester.
  2. Students who have represented the National level will be given 10% relaxation in the qualifying scholarship marks in the first semester.

This is applicable for admissions to the Under Graduate or Post Graduate Program as the case may be, as refereed above.

The scholarship from second semester onwards will be governed by the University’s Student Performance based Scholarship Programme.

University’s Student Performance Based Scholarship Programme

AURO University has planned to introduce the scholarship programme to those students who could not get any scholarship at the time of joining the university but have done fairly well in the semester examination.

The scholarship from second semester onwards will be governed by the grades obtained in the University’s semester examination which is as under:

  1. If student’s grade is B: - will be eligible for 15% scholarship on the semester tuition fee.
  2. If student’s grade is B+:- will be eligible for 25% scholarship on the semester tuition fee.
  3. If student’s grade is between A- to A: - will be eligible for 35% scholarship on the semester tuition fee.
  4. If student’s grade is A+ and above: - will be eligible for 50% scholarship on the semester tuition fee.

However, the above scholarship will be immediately withdrawn if the student’s performance does not fall in any above mentioned categories. The calculation of the performance will be on annual basis. Once a student regains his performance in any year of study, the scholarship for that year will be reinstated.

No scholarship will be awarded to any student enrolling at AURO University under Lateral Entry.

No scholarship will be awarded to any student enrolling at AURO University having a gap in his education after the last qualifying examination and his current year of enrollment. Such students are eligible to receive scholarship from subsequent semester onwards and will be governed by the University’s Student Performance based Scholarship Programme.

Students from International Boards will be eligible for scholarship only after the submission of all documents (along with equivalence certificate) to the Admissions Office duly verified / validated by Programme Office

The Scholarship Committee will have final authority to grant the fee waivers.