Scholarships & Loans

No student having obtained admission, has had to leave NLSIU due to financial problems. The tution fee for five years of study is about Rs.3.50 lakhs. However, NLSIU has always striven to ensure that once a student has made it to the selection list at NLSIU Admission Test, fee do not deter a student from studying here.

If a student has obtained admission into NLSIU, but cannot afford the fees, there are three options available to them:

1. State Government scholarships for SC/ST Students
2. Central Government Scholarships for SC/ST Students
3. Educational bank Loans
4. NLSIU scholarships/fee waiver

Government Scholarships
Many state governments provide scholarships for their state students to study in institutions of excellence such as NLSIU. Student can verify whether their state has adopted this policy. If a student is from a scheduled caste/tribe, most state governments have easily accessible scholarships.

Educational Bank loans
The procedure for obtaining bank loans is given below.

1. Application to the branch manager of the bank in the hometown for a loan. Almost all banks provide educational loans, and discretion to sanction the loan is completely with the branch manager.
2. Along with the application, submission of documents, including 12th standard mark sheet, and the letter of admission from the NLSIU is also necessary.
3. Depending upon the terms of the loan provision of collateral security may be necessary. However educational loan schemes in most banks do not require either collateral security or a guarantee if the loan amount is less than five lakh rupees. A five lakh loan is sufficient for the expenses at NLSIU. Details on the various educational loan schemes which different banks offer are given below.
4. NLSIU graduates, if they wish to join employment in law firms, etc., they are offered attractive salaries. All candidates appearing for recruitment organized by the student body have got attractive employment in the past. Given this scenario, most of the banks will be happy to extend the educational loan facility.

Details of various educational loan schemes offered by different banks (will be updated soon)

NLSIU Scholarships/Fee Waiver

In order to attract meritorious students from the lower socio-economic strata of society, the NLSIU attempts to provide as many scholarships as possible. Besides scholarships, in deserving cases, fee concession to the extent possible is granted on the recommendations of the Scholarship Committee.

Scholarship Rules
Students are eligible for NLSIU Scholarships/Fee Waiver as per the broad scheme given below.

1. Merit Scholarship - Students who secure CGPA of 6.00 out of 7.00 in the previous year will be given a Merit Scholarship Certificate.
2. Merit cum Means Scholarship - Scholarship amount will be disbursed only after submission of necessary documents for proof of income shown by them in the application form. The Scholarship Committee has the full discretion to fix any amount after considering the candidature of an applicant on the basis of the evidence of personal financial problems and the grades obtained. In case, an applicant fails to attend the interview, his/her case may not be considered for the Scholarship. The Scholarship Committee also has the discretion to vary the amount specified in the category considering the nature and financial problems of the students.

The Scholarship amount sanctioned will be adjusted against the fees payable to the NLSIU or the mess bill during the year. In case there is any amount outstanding to the students after adjusting the fees or mess bill, the balance amount will be given to the student at the end of the Third trimester. The allotment of the Scholarship to the student and its adjustment with the fees/mess bill will be communicated to the parents.

Academic Assistance Scheme
Under this scheme, students in need of financial assistance can undertake
academic and organisational responsibilities under the supervision of
Faculty members for not more than thirty hours per month, who can be
rewarded at the rate of Rs. 20/- per hour.

Scholarships

1. The Shankaramma Memorial Trust Scholarship
   This scholarship of the value of Rs. 500/- per month is awarded every
   year to two or more students preferably from Andhra Pradesh who
   have been admitted to the B.A., LL.B. (Hons.) / LL.M. courses of the
   NLSIU. The scholarship amount comes from the interest earned on
   an endowment of Rs.1,00,000/- instituted by Rani Shankaramma
   Memorial Trust, Hyderabad in 1988.
   
   
2. Velakacherla Narasa Reddy Rural India Merit Scholarship
   One scholarship is awarded every year to a student commencing
   the IV year studies. Scholarship so awarded shall run for two years
   subject to satisfactory performance. The scholarship amount comes
   from the interest earned on an endowment of Rs. 1,00,000/- donated
   by Sri V.R. Reddy, the then Additional Solicitor General of India.
   
   
3. Justice Venkataswamy, Mrs. & Mr. Mariappa Gowda and Mrs. &
   Mr. B. Narayan Scholarship
   This scholarship is awarded to a highly deserving student of NLSIU
   towards his/her boarding/lodging charges in the University. The
   scholarship amount comes from the interest earned on an
   endowment of Rs.1,00,000/- donated by Mr. K.M. Krishnappa and Mrs.
   Indira Krishnappa, residents of Cincinnati, Ohio, USA.
   
   
4. Late Justice B. Vasudevamurthy Scholarship
   This scholarship is awarded to deserving and meritorious student
   who is not otherwise able to join this University due to economic
   conditions. The scholarship amount comes from the interest earned
   on an endowment of Rs.10,00,000/-
   
   
5. Hemant Narichania Scholarship
   This scholarship is awarded to II and III year meritorious students of
   B.A., LL.B. (Hons.) from lower socio-economic strata of society. The
   scholarship amount comes from the interest earned on an
   endowment of Rs.1,00,000/-
   
   
6. The Bodh Raj Sawhney Scholarship
   This scholarship is awarded every year to the highly deserving
   student. The scholarship amount comes from the interest earned on
   an endowment of Rs.1,00,000/-
   
   
7. The Lalit Bhasin Scholarship
   This scholarship is awarded every year to the highly deserving
   student. The scholarship amount comes from the interest earned on
   an endowment of Rs.1,50,000/-
   
   
8. Dr. K. Manorama Scholarship
   This scholarship is awarded to II year Girl Student based on meritcum-
   means. The scholarship amount comes from the interest earned
   on an endowment of Rs.60,000/- .
   
   
9. Sam Byramji Nariman Scholarship
   This scholarship is awarded every year to the highly deserving
   student, instituted by Mr. Fali S. Nariman. The scholarship amount
   comes from the interest earned on an endowment of Rs.1,00,000/- .
   
   
10. Mr. M.S.S. Rao Scholarship
    This scholarship is awarded every year to the highly deserving
    student. The scholarship amount is Rs. 6,250/-.
    
    
11. Manupatra Scholarship
    This scholarship is awarded every year to the highly deserving
    student as decided by the Scholarship Committee to cover the full
    fee.
12. Shivaraya Mallar and Yamunabai

This scholarship is awarded to one of the girl students pursuing B.A.LL.B (Hons) who is economically backward. The Scholarship will be paid out of the interest earned from an endowment of Rs. 50,000/-(Rupees fifty thousand) instituted by Prof. V.S. Mallar, former Professor and Regsitrar, NLSIU and wife Mrs. Shanti V. Mallar.

Central Government Scholarship

The Ministry of Social Justice and Employment and Ministry of Tribal Affairs has selected NLSIU as one among the 127 top instiutions in the country to extend financial assistance to SC/ST students studying in NLSIU. According to the policy laid down by the Ministry in this regard 10 (ten) SC students and 5 (five) ST students will be given financial assistance to cover the fee, boarding & loding charges, books and stationery and the cost of computer. The selection of the students will be on the basis of inter-se ranking secured in the admission test and the level of family income.