Financial Aid is monetary assistance
from institutional, governmental, or private source that is available to
assist students in affording educational costs. This Financial Aid could be
in the form of academic scholarships, tuition waiver, study loans, and
student employment.
Yes! Financial Aid is available at
NSU to help you pay your university costs.
How
you will pay for your education is sometimes an important part of deciding
which institution you will attend. The Financial Aid Cell of North South
University understands that you and your family have been planning a lifetime
for your future career. We also understand that many families need help for
filling in the gap between what they can afford and the resources needed to
pay university education costs. NSU attaches a high priority to Financial Aid
and the University has a standing commitment to meet the financial need of
eligible students.The comprehensive FINANCIAL AID PROGRAM of North
South University is administered by a high-powered Financial Assistance
Committee generally consists of panel of BOT members.
The
NSU Student Aid Program, which encouraged the students to apply for monetary
help if they believe that they will need assistance in order to attend North
South University. The Financial Aid Cell is presently consists of 5 members
with a Deputy Director as Head of the Cell, started its operation from 1993
being responsible for corresponding, coordinating and organizing the overall
FINANCIAL AID PROGRAM to the students. A total of 715 students have been
granted full/partial tuition waiver in Spring 2012 semester. Out of which,
120 students granted full (100%) waiver, 52 students 75%, 159 students
enjoyed 50% and 384 students 25% tuition waiver. Apart from this, 255
Teaching Assistants (on campus student employment) have also been paid Tk.
41.58 lac in Spring 2012 based on campus student employment, which altogether
stands Tk. 1.64 Crore as Financial Assistance only in Fall 2011 semester. In
the way to help needy and meritorious students and for the socioeconomic
development of the country, NSU has disbursed a significant amount of Tk.
31.08 Crore as financial assistance (excluding TA remuneration) since
inception to Fall 2011 semester.
What Types of Aid are available at
North South University?
Financial
Aid reflects the University's commitment to a student community that is
broadly diverse in terms of race, geography, gender, special skills and
talent. NSU offers Financial Aid (Tuition waiver) under the provision of
Private University Act 2010. Student of NSU can also apply for
Financial Aid in the following categories:
- Based on previous academic attainment and Admission
Test result (Merit based Scholarship).
- Based on high academic attainment at NSU (Merit based
tuition waiver).
- Based on financial NEED of a student (Waiver on
Humanitarian grounds).
- Based on financial Need & Merit (Merit-Need based
waiver).
- Based on two or more siblings studying together at
NSU (Waiver for Siblings).
- In the form of Teaching Assistantship and Student
Employment (Work-Study based).
Who are eligible for Financial Aid at
North South University?
North
South University awards financial aid in the form of full/partial tuition
waiver only to the deserving students who achieve and maintain outstanding
academic track records as mentioned below:
· Undergraduate
applicants securing 1st and 2nd position in the NSU
admission test get full tuition waiver (100%).
· GPA
5.00 (excluding 4th Subject) in either SSC or HSC and at least GPA
4.80 in the other (excluding 4th Subject) with satisfactory NSU
Admission Test Performance.
· Candidates
who earn 7 'A's in O-level exams at a time and 3 'A's in A-level having
satisfactory NSU Admission Test Score.
· MBA
and MPH applicants securing highest score in the NSU admission test are
entitled to 50% tuition waiver upon admission.
· NSU
graduates, with CGPA 3.80 at Undergraduate level would be entitled to 50% tuition waiver upon his/her admission at any
Graduate Program at NSU.
·
General students of NSU seeking
financial aid must fulfill the minimum criteria i.e. the undergraduate
students must complete minimum 9 credits and maintain a minimum CGPA of 2.75
and graduate students 3.25 with 6 Credits
·
Aid for Siblings:
Financial assistance is also available for siblings i.e. if two brothers or
two sisters or one brother and one sister, whatever may be the case, have
been studying at NSU, they would be entitled to 25% tuition waiver each
subject to eligibility and they must apply formally during usual aid process.
However,
students in all the above cases must apply for Financial Aid in proper way.
The authority may review and change the above conditions from time to time.
Continuation of getting such tuition waiver is subject to his/her academic
performance and other financial aid policy of NSU as applicable.
How will you maintain Financial Aid
at NSU?
Once
you have been awarded financial aid, you must demonstrate satisfactory
academic progress in your academic calendar at NSU in order to maintain your
tuition waiver. As a general rules, Undergraduate/Graduate students are
considered to hold satisfactory academic progress if they achieve and
maintain a minimum CGPA of 2.75 (for undergraduate program) and 3.25
(Graduate Program) respectively. 100% financial aid recipients must maintain
a minimum CGPA of 3.25 or above. Students should also fulfill other
conditions to enjoy financial aid. Financial Aid once discontinued, the
student may reapply for financial aid as a fresh applicant. Financial Aid
will automatically be renewed if s/he fulfills the criteria of Financial Aid
requirements. Financial aid recipients can also apply for enhancement of
their financial waiver.
The
Financial Aid recipients/awardees must contact with the Office of the
Financial Aid in every semester during Advising/Registratiovn process. They
must submit their Advising-Sheet every semester for necessary verification
and adjustment of tuition waiver from the Accounts Office. Financial Aid of
the students will automatically be renewed if s/he fulfills the criteria of
Financial Aid requirements. The Cell review and verify the academic
performance every semester against the aid criteria and coordinate with
Accounts Office accordingly.
When will you apply for Financial Aid
and How?
Applications
for financial aid are invited from bonafide & eligible students of NSU in
every Spring and Summer semester through well-circulated
notification. Students seeking financial aid should apply in prescribed
APPLICATION FORM available at Prime Bank Bashundhara Branch, Dhaka upon
payment of Tk. 500.00 (five hundred) only. In Fall semester, no applications
are invited from the student while academic progress and performance of the
students are reviewed and evaluated. Application should be filled-up properly
and submitted to the Financial Assistance Cell of the University with
necessary/relevant documents within the deadline. Deadline for financial aid
application is announced and notified in due time.
Financial
Aid Calendar
Spring
Semester (January to April)
: Applications are invited in 1st
Week of January
Summer
Semester (May to August)
: Applications are invited in 1st
Week of May
Fall
Semester (September to December) :
Performance and eligibility are reviewed/evaluated
Financial
Aid- "POLICIES & GUIDELINES"
· The
minimum eligibility for applying and to maintain financial aid, the
Undergraduate students must maintain a minimum CGPA of 2.75 and Graduate
students 3.25
· Undergraduate
students must complete minimum 09 credits without non-credit course and
Graduate students 06 credits to apply for financial assistance.
· An
Undergraduate financial aid recipient must register for at least 24 (Twenty
four) credits and Graduate students 18 credits in a year with effect from the
semester of his/her receiving financial assistance
·
If the Waiver Recipients withdraw any
course or duly drop a semester, whatever may be the case, s/he would not get
any benefit beyond the approved period for Financial Aid. That is, financial
waiver would strictly be limited to 12 (twelve) semesters for students of all
undergraduate programs except Bachelor in Pharmacy and Bachelor of
Architecture, which is 8 (eight) semesters and 16 (sixteen) semesters
respectively; For Graduate Program of MBA, this duration is 6 (six) semester,
MS ECO, MS CSC/ETE/CEG, MDS, EMBA,MPH and EMPH, MREM, M. Pharm. MA in
English, MBT is limited to 5 (five) semesters, with effect from the semester
of his/her first admission. The financial aid would automatically be
discontinued after this time bar.
· Financial
aid will discontinue with immediate effect if you are delinquent in any way
or if your CGPA is less than the requirement or on completion of your
required credits for degree. Also, the aid shall automatically discontinue
for unauthorized absence in any semester by the student. In any case, revival
of such assistance might be considered on receipt of fresh application from
the student in due course.
· Financial
assistance shall not be extended to courses that are extra to the degree
requirement.
· Financial
assistance may be extended for courses that are not part of the degree but
pre-requisites for courses required for a degree i.e. MAT-112 and MAT-116.
· Financial
Aid would not be extended to 'Retake' any course i.e. if a student retakes
any course, he would pay full tuition for that particular subject.
- Financial assistance shall be discontinued as soon as
an awardee fulfills the credit requirements for degree under the
different programs run by NSU.
· Applicants
should apply in prescribed form along with necessary papers/documents as
applicable.
· The
applicant of financial aid must be accompanied by his/her parent(s) or
guardian or a representative of the parents during interview.
If you need further Information
Questions
concerning Financial Aid at North South University should be directed to the
Financial Aid Cell, NSU or sent through e-mail. The experienced and
professional staff members at the Office of the Financial Aid will be happy
to assist and guide you at Plot 15, Block B, Bashundhara, Dhaka 1229.
Telephone: 8852000 Ext. 2181, 2182. Website: www.northsouth.edu
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