Financing options for continuing education

Early bird discount

In almost all programmes of the International Graduate Center and the Graduate & Professional School you can save a lot of money. Be fast and secure your place of study with 1,500 Euro down payment before 31 May in order to receive up to 500 Euro discount.

• MBA in Global Management - €500 discount
• MBA in International Tourism Management - €500 discount
• MBA in European/Asian Management - €500 discount
• Master Management - Digitalization & Transformation - €500 discount
• Master in European Studies - €500 discount
• Master in Aeronautical Management - €500 discount
• International MBA (single degree Logistics) - €500 discount
• International MBA (dual degree, program start in Bremen in fall) - €250 discount

For part-time programmes, applications must be submitted by 31 January.
(Attention: does not apply to flex programmes). The programme then starts in the following summer semester.

      Part-time Master of Business Administration - €500 early bird discount
          
Discount for payment in one sum

If you decide to pay your remaining tuition fees in one lump sum after paying the deposit, you can save another 200 Euro in the part-time Master programs.

        200 Euro part-time MBA

Many employers have recognized that an MBA or Master program helps to keep employees from quitting and at the same time prepare them for more difficult roles, positions and changes in the market environment. Our students represent these changes. About every second student in one of our extra occupational studies are fully or partially sponsored by their employer. Students who finance their studies with the help of a sponsor are usually required to work for them another two or four years after completing their studies. Speak to your current or  future employer and ask if they are interested in financing your studies. Note that sponsoring is not limited to our extra occupational studies or restricted to companies in Germany. If you can find a sponsor to fund your fulltime Master's degree, great!

You have the option of paying by instalments. That way you don't have to take on a loan and instead can pay your study fees in instalments. If that is of interest to you, please check your options here. 

Taking out student loans, as an international student, you have two options. You can either take out a student loan in your home country or in Germany. In Germany we differentiate between private student loans, state student loans and (private) education funds.

For most private student loans which are, for example, offered by the Deutsche Bank and Deutsche Kreditbank, you either need a guarantor and their certificate of creditworthiness (SCHUFA) or provide your own certificate of creditworthiness, but don't expect German banks to accept anything else other than the SCHUFA.
As an international student in Germany, you will find it difficult to get state student loans because of the requirements. However, BAföG would be an exception since international students who have worked in Germany for a longer period of time are eligible to apply for it.
Unfortunately, most education funds are usually reserved for German students.

Don't worry if you didn't get a student loan in Germany, there are always other options to finance your MBA or Master's degree.

To this date scholarships are still being neglected by many students, make use of that and apply for them. 

Regardless of nationality, if you are enrolled in one of our fulltime English-speaking MBA and Master programs you are also eligible to apply for postgrad bursaries.

If you want to apply for more scholarships, look up the database of the

DAAD (German Academic Exchange Service)

You can apply for as many scholarships as you like.

However, some scholarships are not combinable with other scholarships.

Finally, the majority of students in Germany are working while studying, despite being enroled in a fulltime program since they can earn a maximum of 450€/month and don't have to pay taxes. Those 450€ can contribute significantly towards your cost of living or financing your studies. However, if you are a student from outside of the EU (third-country nationals), the amount of time you are allowed to work is limited and also depends on your residence permit. The best way for you to start working is by getting enrolled first, then applying for a residence permit and visiting the Federal Employment Agency (Bundesagentur für Arbeit) with a concrete job offer. They are also your contact in case you have additional questions.