Institute-Wide Scholarships
ICFAI University Ranchi offers a comprehensive range of scholarships to support deserving students in their academic journey. These institute-wide scholarships are designed to recognize academic excellence, financial need, and other merit-based criteria.
MCM Scholarship (Merit Cum Means)
The MCM Scholarship is one of the most prestigious awards offered by ICFAI University Ranchi. This scholarship combines academic performance with financial need, providing support to students who demonstrate both exceptional grades and economic challenges.
The scholarship provides full coverage of tuition fees for meritorious students from economically weaker sections. The selection process involves a comprehensive evaluation of academic records, financial status, and personal statements. Students must submit detailed documentation supporting their claims of financial need.
Eligibility criteria include a minimum aggregate score of 80% in the qualifying examination and family income not exceeding INR 3 lakh per annum. The scholarship is awarded annually based on performance in the entrance examination or academic records.
Academic Excellence Scholarship
The Academic Excellence Scholarship is awarded to students who maintain outstanding academic performance throughout their program. This scholarship recognizes consistent achievement and dedication to learning.
The award provides a partial waiver of tuition fees for students with a CGPA of 9.0 or above. The scholarship is renewable annually based on continued academic excellence and satisfactory progress in the program.
Need-Based Financial Assistance
ICFAI University Ranchi provides need-based financial assistance to students who demonstrate genuine financial hardship. This support is designed to ensure that economic circumstances do not prevent qualified students from pursuing their education.
The university offers various forms of financial aid, including grants, subsidies, and installment payment options. Students must apply through the designated portal and provide necessary documentation supporting their financial situation.
Donor and Alumni Scholarships
In addition to institute-wide scholarships, ICFAI University Ranchi has established several donor and alumni-funded scholarship programs that provide additional support to deserving students.
Alumni Foundation Scholarship
The Alumni Foundation Scholarship is funded by the university's distinguished alumni network. This scholarship supports students who demonstrate leadership potential and community involvement in addition to academic excellence.
Recipients of this scholarship are selected based on their academic performance, extracurricular activities, and demonstrated commitment to social causes. The scholarship provides financial support for tuition fees and living expenses during the student's academic journey.
Corporate Partner Scholarships
Several corporate partners of ICFAI University Ranchi have established scholarship programs to support students in finance and related fields. These scholarships are typically awarded based on academic merit and career aspirations aligned with industry needs.
Companies such as Goldman Sachs, JPMorgan Chase, and Morgan Stanley have contributed to these scholarship funds, recognizing the importance of developing future financial leaders.
Government and External Scholarships
ICFAI University Ranchi students are encouraged to apply for various government and external scholarships that provide financial support for higher education. The university maintains partnerships with several organizations that offer funding opportunities for meritorious students.
Students receive guidance and assistance in identifying relevant scholarship opportunities and completing application processes. The university's career services department provides detailed information about eligibility criteria, application deadlines, and required documentation for various scholarships.
Scholarship Application Process
The scholarship application process at ICFAI University Ranchi is designed to be transparent and accessible to all eligible students. The university has established clear guidelines and procedures to ensure fair selection of recipients.
Eligibility Requirements
All scholarship applications must meet specific eligibility criteria, which vary depending on the type of scholarship being applied for. Common requirements include academic performance standards, financial need documentation, and submission of required forms.
Students are advised to carefully review the eligibility criteria for each scholarship before applying. The university's financial aid office provides detailed information about requirements and procedures for various scholarship programs.
Application Timeline
Scholarship applications are typically submitted during specific periods throughout the academic year. The university announces application deadlines well in advance to ensure that students have adequate time to prepare their applications.
Applications are reviewed by a dedicated committee consisting of faculty members, administrative staff, and external experts. The selection process involves comprehensive evaluation of academic records, financial documentation, and personal statements.
Required Documentation
Students applying for scholarships must submit various documents to support their applications. These typically include academic transcripts, financial statements, identity proof, and other relevant certifications.
The university provides detailed guidelines on the types of documents required for each scholarship program. Students are advised to prepare all necessary documentation in advance to avoid delays in the application process.