COMSAT Wah Award of Qarz-e-Husna

Qarz-e-Hasna

Interest Free Loan for Students These rules shall come into force with immediate effect and supersede all notifications in respect of fee concessions, fee exemptions, financial support and other pecuniary benefits for the students, previously issued from time to time. Application These rules shall be applicable to the undergraduate students of all programs. Eligibility The following will be eligible for the award of Qarz-e-Hasna: A student who has been granted admission on merit through normal course; He/she is not an employee anywhere; He/she and his/her parents/guardian are financially unable to pay the fees and he/she cannot pursue studies due to financial constraints Award of Qarz-e-Husna The Qarz-e-Hasna may be awarded, partly or fully, against any or all of the following: Tuition Fee and other regular fees; and Hostel rent, user charges and mess charges (for hostels operated / designated / approved by the Institute). Disbursement The Qarz-e-Hasna under the Qarz-e-Hasna will be awarded to the students on semester basis; The amount, on account of Qarz-e-Hasna, will be disbursed to the students through an authorized bank branch by the respective campus and A student who has been awarded Qarz-e-Hasna will need only renewal of it in the subsequent semesters subject to his/her satisfactory performance. Repayment The borrower shall repay the Qarz-e-Hasna in equal monthly installments or in lump sum (for the total or the balance amount, as the case may be) starting at the end of six months from the date of his/her first employment or one year from the date of his/her completion of the program of study at the Institute, whichever is the earlier. The maximum period for complete repayment of the Qarz-e-Hasna is TEN (10) years from the day of disbursement of first installment of Qarz-e-Hasna. The concerned campus shall ensure timely recovery of Qarz-e-Hasna advanced under these rules. Guarantee The student who is awarded Qarz-e-Hasna shall provide, a Guarantee, acceptable to CIIT before release of 1st Installment on the prescribed format.