IBA Announces 20% Reduction in Monthly Fee for Students

Under the Sindh Covid-19 Emergency Relief Ordinance 2020, the Institute of Business Administration (IBA) has decided to provide relief to the people of Sindh, including a 20% reduction in monthly fees for students. IBA has had a record of providing extensive financial and non-financial support to its students, the institution has decided to continue this tradition in line with the Government of Sindh’s recommendations, further enhancing its contribution to deserving students.

IBA has taken several key initiatives to provide relief to the COVID-19 affected students and their families. Some of them are as follows:

The financial assistance budget for the academic year 2020-21 has been increased by 25 percent to meet the needs of students affected by the pandemic. This will cover 30 percent of the full-time students under IBA financial assistance programs, including scholarship awards ranging from 25 percent to 100 percent of the fee, depending on the assessed need level. IBA’s financial assistance program is now budgeted at Rs. 380 million for the FY 2020-21.

A need-based evaluation criterion now accommodates COVID-19 affected students and provides relief in the form of need-based scholarship awards in a range of 25% to 100%. Full-time students with even one-course enrolment will be eligible for need-based scholarships. In the past, these scholarships were restricted to full-time students enrolled against semester fee only. All semesters, including the summer semester, are now covered for awarding need-based scholarships. In the past, scholarships were provided for regular semesters only.

Special options for fee deferment/installment plans have also been provided to students. The unutilized portion of the students’ activity charges, examination charges, hostel, and transportation fees are being refunded to the students for the year in progress.