Financial Support policies of Sacred Heart College (Autonomous), Chalakudy provides financial assistance to the poor and meritorious students to facilitate academic and personal welfare and encourage them to pursue their goals.
- The college provides merit based and need-based financial assistance in the form of endowments.
- Merit based support goes to students based on their academic achievements and talents like athletics and arts, rather than their financial need.
- Students may receive scholarships from outside sources such as non-profit organizations and private businesses.
- The college has the facility of providing various government scholarships and non-government endowments to students.
- Need-based financial assistance does not consider any factor other than financial background.
- Eligibility is completely based on the income of the student and her family. A student could be eligible if: she is living in a household where the joint annual income is less than 3 lakhs, she is living in a single parent household, or she is facing notable financial crisis even with an annual income more than 3 lakhs.
- A fund called “Santhwanam Fund” has been established by the faculty to provide financial assistance to the as well as faculty in case of emergencies.
- Management has an obvious free education policy for financially backward students.