Further External Funding
In order to finance your study program at Modul University you may be interested in investigating the student loan possibilities offered by several private lenders. Below you will find documents and links to help you find a suitable offer. Some of the information is only available in German since some of these private loans are only offered to Austrian citizens (and in some cases EU citizens). Citizens of other countries are advised to investigate the student loans offered in their home countries. Students from the European Union can also read more about the Hello FINS scheme.
FINS - Study Loan for students from EU
Modul University is pleased to announce a new partnership with FINS as of 2022. The FINS scheme offers study loans designed to meet real student needs. This is an extremely important step towards enabling EU students a further option in which they can pursue their higher education goals. This option is open to EU students who have received a Conditional or Full offer to study at MU in an Undergraduate or Postgraduate course beginning in September 2022 onwards.
FINS is a European loan scheme developed by the EDUCATIVA Group with the support of the European Union and the European Investment Fund, available to all students from an EU member state that want to study at a reputable university in Europe. More details can be found on the FINS webpage.
The study loan is flexible and can be used for the following:
- Tuition fee finance
- Monthly living costs of meals and rent (including rent deposit)
- Books and other study materials
- Medical Insurance
- Urgent expenses
Application process: The application process can be undertaken entirely online! As soon as you take the first steps into applying to MU, you can use the finance calculator and application on the FINS webpage.
All FINS applications are undertaken external to MU staff and will be reviewed by the FINS team.
Eligibility: FINS finance students accepted onto an Undergraduate or Postgraduate program. The FINS team look into the following eligibility criteria when assessing FINS applications:
- EU citizen pursuing their studies in another country than that where they graduated their previous education cycle.
- EU citizen (that has no outstanding/unpaid debts for previous loans by other financial institutions).
Further eligibility criteria can be viewed on the FINS webpage.
Other funding options in Austria
Fund of Excellence – Student Funding Program from Erste Bank Österreich Funding Program: https://fundofexcellence.com/students/
Stipendium.at – the following website of the Austrian government provides general information about financial aid for students: www.stipendium.at
OEAD – the Austrian agency for international mobility and cooperation in education, science and research administers a database of scholarships and research grants: www.grants.at
Ask for financial funding during your application process already.
Amount: Up to 80% of total course costs (De-minimis funding)
Eligibility: Austrian SMEs (KMUs) can make use of this funding and send their employees to courses improving digital skills. The Austrian business applies online here and will get back a fair amount of tuition. Businesses can apply until November 2022.
Student Credit (German)
Budget Calculator (German)