There are various forms of student scholarships available. First of all there are Erasmus Mundus scholarships funded by the Erasmus+ program (EU funded). Secondly there are scholarships available funded by the consortium (Consortium scholarships).
All applications for BIM A+, made through the ‘Applications section’ are automatically considered for Erasmus Mundus scholarships or Consortium scholarships whenever eligible. In order to be considered for Erasmus Mundus scholarships, applicants must submit their full request up to 31st January 2020. Applications not selected for Erasmus Mundus scholarships in the first call will automatically be considered in the second call for Consortium Grants, unless stated otherwise by applicants.
Erasmus Mundus scholarships are planned for students the geographical origin listed below applying within the first call. These scholarships are financed by the Erasmus+ European program. Erasmus Mundus scholarships (supporting up to 25000€ each) are organized as follows:
The Erasmus Mundus Joint Master Degree (EMJMD) Scholarship includes:
Consortium scholarships are planned for students from any geographical origin applying within the first call and second call. These scholarships are financed by the BIM A+ Consortium itself and are open to students of any nationality.
Consortium scholarships are organized as follows:
- Up to two scholarships of 14,000 Euro (fully covering tuition fees plus a living allowance support of ~500€)
- Up to five scholarships of 6,400 Euro (partially covering the tuition fees)
- Up to ten scholarships of 4,000 Euro (partially covering the tuition fees)
Any selected applicant must bear in mind that, if selected to a scholarship, the confirmation of acceptance of the scholarship by the student implies automatically that other interested applicants will not receive a scholarship, as the number of applicants is much larger than the number of grants.
Therefore, the BIM A+ Consortium will request to all students selected for a scholarship the payment of a deposit of 250 Euro to confirm their acceptance of the scholarship and enrolment in the Master Course.
This deposit will be returned to students only if they register at the University. The only purpose of this measure is to avoid filling up the Master Course places with students that will not finally participate and that will compromise the enrolment of other interested students.
Only students who have applied to and have been accepted by the BIM A+ Consortium in accordance with its specific students’ application and selection criteria, are eligible for a scholarship.
Students with a double nationality must specify the nationality under which they submit their application.
Among other funding possibilities there are government loans available. In order to apply for these many donors require you to plan well ahead of your individual study schedule.
We recommend to start scholarship applications 1,5 years ahead of the MA programme’s start.
Erasmus+ Master Degree Loans are EU-guaranteed loans with favourable pay-back terms. They’re designed to help prospective students finance their Master’s courses in an Erasmus+ Programme country while leaving as little of a lasting economic footprint as possible.
The scheme is designed to provide postgraduate students with the means to pay their tuition and living expenses – thereby allowing individuals to focus on their degree instead of managing their bank balance. The programme aims to be as inclusive as possible, working under the following guidelines:
- No need for collateral from students or parents – ensuring equality of access
- Favourable, better-than-market interest rates
- Pay-back terms that allow graduates up to two years to find work before beginning repayment.
Prospective Master students can receive a loan of up to €12,000 for a 1-year Master or up to €18,000 for a 2-year Master (or equivalent amounts in foreign currency for banks in non-Euro countries, subject to exchange rates). Find more information in this link.
To enrol in the BIM A+ programme’s starting in October 2020 you can apply for government loans. Many of the current students in enrolled in Erasmus+ programmes are financed by these sources, as Erasmus Mundus scholarships are limited to only a few.
Government loans usually cover living costs and tuition fees (at least partly).
- To give an example: German government loans are calculated according to the parents’ income; therefore not all candidates are eligible to receive it. They are not necessarily limited to German citizenship status (details; only in German), but also available to EU citizens, refugees and stateless non-Germans with a permanent residency in Germany. German government loans for studying abroad (‘Auslandsbafög’, applicable to semester 2 to 4) are available even to candidates who do not receive Bafög in Germany.
Inform yourself about funding opportunities in your country. Our team is happy to assist you during the application procedure for third party grants or loans.
Current students are financed by (among others):