Independent University of Bangladesh Financial Aid / Scholarship for admitted students

Independent University of Bangladesh Financial Aid / Scholarship for admitted students - Financial Aid/Scholarship

IUB offers Merit Scholarship/Tuition fees discount on the following categories:

1. Merit Discount (On Admission Test) - 100% **
2. Merit Scholarship based on IUB result – 30% - 100% *
3. Academic Board merit discount: National and English Medium Curriculum -100% **
4. Merit & Need based Discount - 20% to 100% *
5. Freedom Fighter Category – 50% - 100% *
6. Female Student Discount – 10% *
7. Saima Hall – 100%
8. Indigenous Students Waiver -100%
9. Waiver for Physically challenged students: up to 100%
10. Extracurricular Activities Scholarship – up to 100%
11. IUB Employee/ dependent Discount - 50% -100% *

* (only for students who earned 12 credits in that semester)

** (To avail this discount, he/she must tale at last 9+9+12 or total 30 credits in the first year)

Rules for different categories:

1. Applications in prescribed form (posted at IUB website) will only be accepted.
2. For applying need based waiver, completing 24 credits are recommended.
3. The CGPA requirement for all the financial aid applications will follow the one minus semester’s CGPA formula. For example, the Autumn 2019 applicants will be judged on the basis of their Spring 2019 CGPA. This policy will be applicable for all the new applicants and the existing applicants receiving financial aid for all categories.

Documents required for all Categories:

1. TIN Certificate of financial guarantor.
2. Financial guarantor’s last three months’ bank statement.
3. Employee should submit Employer’s salary certificate from the employer.
4. Businessmen will submit a photocopy of the business trade license.
5. Latest academic transcript.

Other categories need to submit different documents as mentioned in the particular category. 

1. Merit Discount (based on Admission Test result)
   • Top 5% scorer of selected candidates will get 100% tuition fees waiver.
   • To avail this discount, he/she must take at least 9+9+12 or total 30 credits in the first year, from 4th semester they have to earn 12 credits in every semester applicable for the students enrolled from Summer 2019.
   • For the students enrolled before Summer 2019 they have to take 12 credits in a semester to avail this.
   • This waiver will be reassessed in every semester according to their one minus semester’s CGPA (see Note:2).
   Reassessment Bar Reassessment Bar for students enrolled before Summer’19:
   3.26 – 3.50 ➔ 20%
   3.51 – 3.69 ➔ 30%
   3.70 – 3.79 ➔ 50%
   3.80 – 3.84 ➔ 75%
   3.85 – 4.00 ➔ 100%
   Students enrolled from Summer’19 the reassessment bar will be
   3.51 – 3.69 ➔ 30%
   3.70 – 3.79 ➔ 50%
   3.80 – 3.84 ➔ 75%
   3.85 – 4.00 ➔ 100%
   
   
2. Merit Scholarship based on IUB result’
   • This category of students will be recognized on the basis of result of IUB with CGPA 3.51 and above for 30% - 100% scholarship in a semester.
   • Students need not apply for this scholarship.
   • For availing this scholarship, students must enroll and earn at least 12 credits in one minus semester.
   • If student’s CGPA falls below 3.51 in a particular semester his/her scholarship will be discontinued in the following semester and revived as and when CGPA increased.
   Reassessment Bar will be considered as per the following category:
   3.51 – 3.69 ➔ 30%
   3.70 – 3.79 ➔ 50%
   3.80 – 3.84 ➔ 75%
   3.85 – 4.00 ➔ 100%


3. Academic Board merit discount: National and English Medium Curriculum
   • Students with golden GPA (GPA 5 without 4th subject) in SSC and HSC will get 100% tuition fees waiver after successfully qualifying in at the IUB admission test.
   • Students with five (5) A’s in O’ Level exam and one (1) A in A’ Level exam will get 100% tuition fees waiver.
   • To avail this discount, he/she must take at least 9+9+12/ credit or in total 30 credits in the first year. From 4th semester they have to earn 12 credits in every semester
   • These waivers will be reassessed in every semester according to their one minus semester’s CGPA.
   Reassessment Bar Reassessment Bar for students enrolled before Summer’19:
   3.26 – 3.50 ➔ 20%
   3.51 – 3.69 ➔ 30%
   3.70 – 3.79 ➔ 50%
   3.80 – 3.84 ➔ 75%
   3.85 – 4.00 ➔ 100%
   Students enrolled from Summer’19 the reassessment bar will be
   3.51 – 3.69 ➔ 30%
   3.70 – 3.79 ➔ 50%
   3.80 – 3.84 ➔ 75%
   3.85 – 4.00 ➔ 100%
   
   


4. Merit & Need based Discount
   • Students need to write an application with the specific and precise problem along with the financial aid form.
   • Students need to apply stating their financial need with required documents.
   • New/sudden change in their financial situation will be assessed for consideration.
   • If need is assessed and established, their discount percentage will be decided by SAC (Students Assistance Committee).
   • Every semester their result will be reassessed with one minus semester (for Autumn’19 the CGPA of Spring’19 will be considered) and waiver will be given accordingly.
   • This discount will be valid for only three (3) semesters and after that the student will have apply again
   • To avail this discount, he/she must take at least 12 credit hours.
   Reassessment Bar for students for merit based:
   3.26 – 3.50 ➔ 20%
   3.51 – 3.69 ➔ 30%
   3.70 – 3.79 ➔ 50%
   3.80 – 3.84 ➔ 75%
   3.85 – 4.00 ➔ 100%


5. Freedom Fighter Category Documents
   1. Up to 3% students enrolled in a year will get the waiver under this category as per the circulation of UGC. (Circular dated 10 January 2013 from UGC)
   2. Students can only apply on entry; i.e. the first semester.
   3. 12 credit hours is mandatory to apply and retain the discount for this category based on one minus semester semester’s CGPA (see Note: 2)
   4. Documents to be submitted for availing Financial Aid under this category are as under:
      1. Financial Aid Application Form
      2. Application (addressing to the V.C.)
      3. Photo (Two copies of applicant).
      4. Freedom Fighter’s Certificate.
      5. Birth Certificate of the applicant.
      6. Gazette Notification.
      7. Certificate for the child from Ministry of Liberation War, GoB.
      8. Allowance book.
      9. National ID Card of the Freedom Fighter.
      
      
   5. Reassessment Bar for students in Freedom Fighter’s Child category:

      CGPA	Percentage
      3.25 - 4.00	2.50 - 3.24
      100%	50%

   
   
6. Female Student Discount
   • All female students (enrolled from Autumn’17) of IUB will be provided 10% discount on tuition fees with 12 credits taken and earned in a semester.
   • To retain the waiver from the 2nd semester at least 12 credits is mandatory and have to maintain a CGPA of 2:50. The reassessment will be based on one minus semester semester’s CGPA (see Note:2).
   • All other tuition fees discount will be counted and awarded irrespective of her female discount
   
   
7. Saima Hall (meritorious underprivileged female student from outside Dhaka)
   • IUB will offer 100% Tuition fees discount on admissions to IUB.
   • The awardee must take minimum 9 Credits in a Semester.
   • Discount awardees must maintain a CGPA of 2.5 and above in every semester.
   • Other benefits for this category of students will be applicable as per existing IUB policy regarding Saima Hall.
   
   
8. Indigenous Students Waiver
   • Up to 100% tuition fee discount will be provided to student of Indigenous community. The Awardees will have to maintain a CGPA of 2.00 with minimum nine (9) credits per semester.
   • Required documents for Indigenous student:
     1. Birth certificates
     2. Citizenship from the local authority
     
     
9. Waiver for Physically challenged students:
   • Up to 100% tuition fees waiver to the recognized physically challenged students.
   • Need to take at least 9 credits in a semester
   • Maintain at least CGPA 2.00 in every semester.
   
   
10. Extracurricular Activities Scholarship
    • Up to 100% Tuition fees discount for outstanding performance in sports, extra and co-curricular activities awarded at national and international level in the respective field.
    • The discount awardee needs to furnish all documents (certificates or others) from authentic board/team/office in support of the claim.
    • The awardee has to take minimum 9 Credits in a Semester.
    • Discount awardees must maintain a CGPA of 2.00 and above in every semester to avail the same tuition fees discount.
    
    

Note 1: The University reserves the right to revise information, requirements, regulations or financial charges at any time. Whenever changes occur, an effort will be made to notify those.

Note 2: The definition of “One Minus Semester” is the Autumn 2019 applicants will be judged on the basis of their Spring 2019 CGPA.

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