Top ways to finance a masters degree in Germany

There are various options available to help students finance their education in Germany.

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Standing fourth in the QS Higher Education System Strength Rankings of 2018, Germany is one of the most popular destinations for students looking to pursue higher education abroad.

The decision to study abroad can be an exciting but overwhelming experience for many reasons, including coping with tuition fees and living expenses. However, with the right financial support from an educational institution, you can pursue a master’s degree at an affordable price.

  • Flexible Payment Plans: This allows students to pay their tuition fees in parts, instead of paying the whole sum in one go. Various options are available for students depending on the course they are taking and the school or university they are studying at. Flexible payment plans at GISMA can be found on each course page.
  • Scholarships: To help students with their course fees, universities can also offer various scholarships. The following are some of the partial scholarship opportunities offered at GISMA:
  • Principal’s Scholarship for Entrepreneurship: This scholarship is awarded on the basis of a student’s Personal Statement. This statement is a document where students describe their past ventures that portray entrepreneurial spirit, which could be anything from devising a project plan to operating a small business. The scholarship is awarded to students who exhibit exceptional entrepreneurial skills and the intellect to translate their vision into a reality.
  • Exceptional Career Scholarship: The criteria for this scholarship also depends on a student’s Personal Statement. Students will be required to elaborate on why they chose a particular course and how it will affect their personal and professional growth. They should also highlight their past career experiences and emphasise their professional achievements.
  • Women in Business Scholarship: The statement for this scholarship must focus on career goals, prior achievements and events where students have demonstrated leadership potential. It is awarded to women who have extraordinary career experiences and can show how their chosen course will affect their career growth.
  • Academic Merit Scholarship: This scholarship is awarded to students who have a record of excellent academic talent or a high GMAT score and exceptional social skills. In their statement, prospective students must describe events that show their academic success, leadership potential and social aptitude.
  • Rector’s Scholarship: Students with a professional or academic background who have come from an underrepresented region should consider this scholarship. Apart from describing their academic and professional achievements, students must elaborate on how their intellect and knowledge resonates with what the course has to offer. This scholarship provides opportunities for everyone with the ability and determination regardless of their religion, race or other aspects. Thanks to this scholarship, students also benefit from having more of a mixed cohort because of cultural exchanges during the classroom and beyond the lectures.
  • Family Scholarship: This scholarship is offered to applicants who are the immediate or extended family of current or former students. Candidates should explain how their family member’s experience at the college helped them decide their career path and the university they are applying for.

These scholarships are awarded at the discretion of the awarding body and the scholarship amount is decided by the university or institution. In order to gain a scholarship, students are required to apply for it at the same time as enrolling for a course or after applying for their degree. To download the scholarship form for GISMA Business School, click here.

  • Early Bird Discounts: Some German universities have also introduced the Early Bird Discount for students who enrol for a course a considerable amount of time prior to its commencement date. Discounts range from 20 to 25%, which makes for a significant reduction in tuition fast auto and payday loans inc Collinsville CT fees the aim to encourage students to confirm their place sooner rather than later, which in addition helps students to save up for the deposit and further payments before they enrol on the course.

GISMA is continuously working towards providing distinguished education to students. With campuses in Berlin , Hanburg and a centre in London , it is a business school that holds AMBA accreditation and offers a global learning atmosphere for all its students. GISMA Business School has been proactive in helping students finance their higher education. From a pay on the go model to scholarships, GISMA has a series of financing options available. You can find more information on financial support offered here .

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