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GCU Lahore Endowment Fund Trust Awards Scholarships Worth Rs 10.3 Million to 290 Students

Strategic Insights

— 1 min read

In a ceremony held at the university's Bukhari Auditorium, the Government College University Lahore Endowment Fund Trust (GCU EFT) awarded scholarships worth Rs 10.3 million to 290 financially-challenged students of the university for the academic year 2014-15. The event was chaired by Prof. (Meritorious) Dr Muhammad Khaleeq-ur-Rahman, Vice Chancellor GC University Lahore, and attended by prominent Old Ravians, including Iqbal Z Ahmad, President of GCU EFT Executive Committee, and Dr Khalid Manzoor Butt, Secretary.

Key Takeaways:

  • The GCU Lahore Endowment Fund Trust provided scholarships worth Rs 10.3 million to 290 financially-challenged students of the university for the academic year 2014-15.
  • The university's Vice Chancellor, Prof. (Meritorious) Dr Muhammad Khaleeq-ur-Rahman, appealed to Old Ravians to support the financially-challenged students of their alma mater, aiming to provide free education to all GCU students.
  • The university has given financial aid to students from its own budget, deferring tuition fee increases for three years.
  • The GCU Endowment Fund has grown to over Rs 210 million, with Old Ravians contributing more than Rs 130 million in just three years.
  • The endowment fund has not spent the principal amount but instead used the profits to support financially-challenged students.
  • The GCU EFT aims to provide scholarships to all needy students of the university if supported by philanthropists, Old Ravians, and the government over the next 10 years.

Statistics:

  • Rs 10.3 million worth of scholarships were awarded to 290 financially-challenged students of the university.
  • In three years, Old Ravians have donated more than Rs 130 million to the GCU EFT.
  • The GCU Endowment Fund has grown to over Rs 210 million.
  • The university has maintained tuition fees for three consecutive years despite budgetary deficits.
  • The endowment fund's principal amount remains intact, with profits used to support financially-challenged students.

Sources:

  • Government College University (GCU) Press Release, dated March 26, 2015.

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