Scholarships worth Rs20.127 million were disbursed during 2011-12

LAHORE, June 16: Scholarships worth Rs20.127 million were disbursed during 2011-12 fiscal year among the GC University, Lahore, students and the fee was also cut by 35 per cent

[Dawn Dated June 16  2012]

In spite of a financial crunch and budget cuts, the allocations were made to encourage talented students who could not afford their academic expenses according to the annual scholarships report presented to GCU Vice-Chancellor Prof Dr Khaleequr Rahman by Treasurer Shafiq Mughal on Saturday.

The record amount was disbursed among 939 Ravians in a transparent manner through varsity’s scholarships and financial aid committee, headed by Islamic Studies and Arabic Department chairperson Dr Sultan Shah.

According to the report, the scholarships of Rs16.05 million were given from the GCU budget while the remaining Rs4.077 million comprised donations of Old Ravians to the GCU Endowment Fund Trust.

It said that during 2011-12, as many as 86 Ravians secured Rs0.249 million National Talent Scholarships, 19 other got Rs0.783 million HEC Higher Education Opportunities Scholarships while seven students received Rs35,500 from Quaid-i-Azam and Mora scholarships

Pakistan Baitul Mal also gave scholarships of Rs0.608 million to 19 Ravians, 174 others were given scholarships of Rs7.7 million from the Punjab Educational Endowment Fund 

As many as 1,243 deserving students of GCU got various scholarships of Rs29.507 million during the finical year 2011-12, said the report

GCU Vice-Chancellor Prof Rahman said every year more than 2,000 students apply for financial aid and till 2010-11 maximum 400 students were granted scholarships.“But, this year we increased the allocation for scholarships by record 150 per cent and also reduced the university fee by 35 per cent to facilitate students

Budget cuts and no funds -– this is what is being done to the universities, but we can’t do the same with our students who are highly talented but cannot afford their academic expenses,” said the vice chancellor

Requesting the Punjab government and the Higher Education Commission to allocate separate grants to universities for granting scholarships and financial aid to the students who cannot afford, the vice chancellor urged the philanthropists and Old Ravians to support such students by contributing to the GCU Endowment Fund Trust