Office of Finance & Accounts

The Office of Finance & Accounts at Uttara University is entrusted with the administration and oversight of the institution's fiscal resources. By upholding principles of openness, effectiveness, and financial accountability, our office assumes a critical function in guaranteeing the judicious distribution and application of financial resources in furtherance of the university's objectives and mission.

The primary aim of our organisation is to ensure long-term financial viability and stability. Our primary objectives are to enhance revenue generation, expedite expenditure procedures, and protect the financial assets of Uttara University. By doing so, we ensure the institution's sustained financial viability and soundness.

The Office of Finance & Accounts is entrusted with a wide range of critical duties, which comprise financial reporting and analysis, cash management, investment supervision, and budget formulation and monitoring. Our team is committed to delivering precise and timely financial data to the administration of the university, which enables them to make well-informed decisions and develop strategic plans.

Additionally, in support of fostering accountability and adherence to financial policies and regulations, our office is dedicated to this cause. We maintain a strong partnership with both internal and external stakeholders in order to guarantee compliance with regulatory obligations, internal control systems, and financial management best practices.

The Office of Finance & Accounts besides its primary responsibility of financial management offers assistance and direction to various departments and units of the university with respect to budgeting, expenditure planning, and financial forecasting. Our objective is to establish ourselves as a reliable and reputable source of information and support, ensuring that financial decisions are in accordance with the strategic priorities and goals of the university.

Payment Policy

Students who enrol at Uttara University assume the responsibility of paying tuition and other fees per the following financial policies:

  • The admission fee is nonrefundable and is due at the time of admission.
  • In addition to the admission fee, other fees may apply, such as enrollment, tuition, laboratory, library, thesis, and student activity fees. These fees contribute to the overall cost of education and the use of university facilities and services. Course fees vary according to the program.
  • The course fee must be paid within the stipulated deadline of a trimester/Bi-semester.
  • Students admitted in the Spring Semester of 2024 : If they fail to pay their tuition fees within the 15th of each month, a late fee will be penalised (According to the payment deadline).
  • Students admitted in the Fall Semester of 2024 : Course fee will be payable within the academic calendar in three instalments (40% + 30% + 30%).
  • University authority reserves the right to cancel the enrollment/admission of any student failing to meet the financial obligation.

Dropping of courses

Dropping of courses can be done with 100% adjustable with prospective students due or course fees. If students withdraw courses maintain official procedure within stipulated deadline.

Financial Award and Assistance

Uttara University has awarded merit scholarships and need-based financial assistance to deserving students. Full-time Undergraduate students may get 25%, 50% & 100% tuition fee waivers for the entire program based on the results of SSC/O-level & HSC/A-level or equivalent exams. Graduate students entering Masters Programs may also qualify for a 30% tuition fee waiver for the entire program at UU. Undergraduate and Graduate students, however, must maintain a minimum CGPA of 3.50 in the subsequent trimester to continue the waiver.

According to the provision of the Private University Act, of 2010, private universities must provide scholarships to 6 (six) percent of their total enrolled students, including financially struggling but meritorious students, the freedom fighters children quota & others. Since its inception, the founders of Uttara University have adopted a policy of not only not paying any profit or dividend to themselves but to using a good proportion of its operating surplus towards nurturing merit and providing financial support to students in need.

Conditions and Rules for Financial Assistance

The following conditions will apply for the continuation of the tuition fee waiver for the following:

1. Founder Scholarship:

a) Students with a GPA of 5.00 in both SSC & HSC [with/without optional] will be awarded with 100% scholarship. Applicable for the students passing HSC within the last 3 years.

b) If any student gets an 'A' grade in 2 subjects at O level and passes at A level will be awarded with 100% scholarship.

2. Merit-Based Scholarship:

a) General Students who passed SSC and HSC will receive 20% to 100% scholarship.

b) Diploma Students will receive a 20% to 50% scholarship.

c) English Medium Students who have completed O and A levels will receive a 20% to 100% scholarship.

d) All the students of Master’s Programs will get a 25% scholarship.

3. Children of Freedom Fighters will be awarded with 100% Scholarship.

4. Siblings & Spouses: A 20% waiver can be given to later admitted students.

5. National player will be awarded a Scholarship.

6. Alumni and family: Eligible for a 20% waiver.

7. Physically challenged, ethnic minority groups and students of third gender may be granted a special waiver of a minimum of 30% on a case-to-case basis subject to submission of appropriate documents.

8. BEd, MEd, BPEd and MPEd students will get a 25% waiver.

Note:

  • No waiver/scholarship applies to LLB (Hons).
  • No tuition fee waiver for CGPA below 3.50 for undergraduate & graduate admitted students.
  • A tuition fee waiver will not apply for any course retake.