MATS University

MATS University aims at having no student deprived of his rights to quality education because of financial problems. It awards various scholarships, grants, and other forms of financial assistance to the students to actualize their dream for quality education in higher learning. Therefore, the vast range of facilities offered help create opportunities for students from each economic and academic stratum to pursue the education badly required by them with an enormous assistance in terms of scholarships, grants, loans, and easy repayment options. We will elaborate on different kinds of opportunities in this regard available at MATS University.

Scholarship Programs at MATS University

1. Merit-Based Scholarships

There are merit-based scholarships also offered at MATS University. The scholarships are awarded purely based on the academic merits of the students, and they are highly encouraged to be awarded in the name of the efforts made by the students who deserve the same.

• Eligibility This category will include high school grades as well as those continuing with academic performance based on previous college work.
• Renewability: Some merit scholarships are renewable, meaning that the students will be supported from their first year to the end of their academic course if they maintain a high level of academic performance.
• The amount received in the award is undetermined, though sometimes tuition fees are covered.

2. Need-Based Scholarships

These scholarships target students that have financial needs. They are set to help make learning more accessible to a student with a financial problem.

• Eligibility Criteria: The determination of need-based scholarships depends on the financial need of an individual, which is evaluated using a family income and expense documentation.
• Amount Provided: The amount would be based on the specific financial need of the scholar and the available sources of funding.

3. Athletic Scholarships

The university awards athletic scholarships to those students who are excellent in sports and represent the MATS University in various athletic competitions.

• The minimum requirements for eligibility are performance in athletics, which generally means participation in the collegiate sports and potential contributions that he can make to the sporting glory of the university.
• The award amount is given on the basis of a student's athletic ability and the level of competition he or she is competing at.

University Grants

Apart from scholarship programs, grants are provided to those students who fulfill the prescribed conditions. Grants do not demand repayment like loans do. Therefore, it acts as an attractive form of assistance for needy students.

1. University Grants

The University grants are an amalgamation of both basic financial need and academic merit. They are usually issued to fill gaps for those students who may not be qualified for merit-based scholarships but still have potential.

• Eligibility criteria include the need for financial aid, academic potential, or any other unique thing that one has done to merit support from higher learning institutions.
• Process of Application: Essays or project proposals from the students are submitted along with the application, showing dedication toward the pursuance of academic and career objectives.

Financial Aid Options

1. Student Loans

MATS University's financial aid office guides the students about the available options for loans, further allowing them to cater to their financial needs. Loans will allow the student to acquire funds to finance their education but come with a promise of repayment upon graduation.

• Loan Counseling: Dedicated counselors offer counseling to students so that they understand the terms of student loans, repayment schedules, and interest rates.

2. Payment Plans

MATS University ensures that all students are not in a position to pay the tuition fees in one installment, therefore, the university comes up with payment plans to relieve them of the burden on their pocket. Students are allowed to pay tuition and other fees through installments, hence more easily payable.

• Flexible Payment Options : The flexibility to pay tuition fees and charges on several payment schedules during an academic calendar year.
• Interest-free payment: Generally, interest payments are not attracted with the loan hence a family pays gradually and without additional debt.

Additional Financial Support

MATS University offers to advise students financially so they benefit from available financial aids fully. The office team responsible for financial assistance is enthusiastic and always available to provide advice to a student, in this case, or the family he comes with for better guidance on selections based on financial plans applicable. It is inclusive of all the issues related to the documentation processes, dates that the applications will be channeled into the proper procedures, as well as being informed of any requirements by individual financial aid.

Chancellor Scholarship Scheme

Apart from these scholarship schemes, it's an exclusive program of the MATS University wherein there are scholarships provided to selected eligible students based on different criterion. Here's a rough overview of the scholarships to be had under this very scheme:

1. Academic Merit Scholarships
   • Candidates scoring above 70%, 80%, or 90% in the last qualifying exam are given a remission of 10%, 20%, or 30% in the fee respectively.
   • This scholarship is based on academic achievements & only applies for the first year of attendance.
2. Sibling Scholarships
   • 10% fee waiver for one sibling to the siblings of students studying at MATS University.
   • The concept is to make it easier for families who have more than one child in the university to carry the financial load.
3. Continuation from Undergraduate to MBA Program
   • Any student from the undergraduate program of MATS University who wants to do an MBA at the same university is eligible for a scholarship of ₹20,000 for the first year. 
4. Scholarships for Financially Weaker Students
   • The scholarship is available for students belonging to economically backward sections, and that decision rests in the discretion of the Chancellor.
   • The scholarship amount grant depends on how particular the student's personal needs for funds are.
5. Scholarships for Physically Challenged Students
   • Physically challenged students are eligible for scholarships tailored to their unique circumstances, awarded at the Chancellor’s discretion.
6. Special Case Scholarships
   • For students whose situations are not covered under any of the listed categories, the Chancellor has the discretion to award scholarships based on special cases.
7. B.Tech Scholarships for Local Students
   • Students domiciled in Village Gullu in Aarang, Raipur District, and enrolling in B.Tech programs are eligible to pay an annual fee of only ₹50,000.
8. Staff Family Scholarships
   • Family members of MATS University staff can receive a 20% fee waiver (excluding professional and research programs). This initiative recognizes the contribution of staff members and supports their families.
9. Alumni Scholarships
   • Alumni seeking additional studies at the college and desirous to attend the same institution reap 10 percent fee waived by the university excluding studies regarding the professional or research departments.

Conclusion

This underlines the commitment of MATS University towards accessible education since they provide all-inclusive scholarship, grants, and financial aid to students. Merit, need-based, and athletic scholarships are supplied with grants, loans, and payment plans, so no student is financially left behind for higher education. In addition, the Chancellor Scholarship Scheme makes the student body available more through the one-of-a-kind scholarship option from diverse backgrounds and circumstances. The financial aid office of MATS University continues to do a noble work in guiding the students and parents so that they understand and take the various available options in financial aid. Because of these programs, MATS University's mission is to make quality education affordable to everyone in an effective and comprehensive learning institution.