Beside the coverage, the policy of open access has enabled nearly 16.05% (883) financially challenged students to avail professional higher education under the KBAD concept at IUBAT. They have availed facilities to supplement their family resources by availing financial assistance under different modes in the form of deferred payment, educational financing from IMCSL or NAID Fund or from Financial Assistance Fund (FAF). A good number have been assisted through campus job in the form of Teaching or Research Assistants or full employment, total number being around 116 students. Around 112 students are given scholarship on merit-cum-need basis every semester out of 39 funds created from donations of well wishers of the university.
A pilot initiative has been taken to develop orphans as professionals. Under this scheme funded by Nationwide Association for Integrated Development (NAID) of Cardiff, UK, 4 students, who are orphans received funding for maintenance at the rate of Tk. 4,000/- per month as grants, besides service charge free financing to cover tuition fees.
The above groups of students are of special category, since they would not have been able to join university level education without financial assistance. IUBAT has developed detailed procedures for need assessment, documentation, repayment and ancillary support including counseling at pre-admission, study period and on graduation. The system has been tested and is fully operational.
Around 14.24% of the student body of 6200+ avail the facility of financial assistance while 38% received 100% tuition scholarships. The geographical distribution of students receiving financial assistance can be seen in the map provided in the coverage section. These students come from diverse locations, from all of the 64 districts and 436 Upazilas/Thanas out of 550 Upazilas/Thanas in Bangladesh. It is to be observed that the KBAD has directly enabled 14.24 % of the students to avail higher professional education.