Finanzierungsmöglichkeiten & Stipendien

The scholarship database of the German Academic Exchange Service (DAAD) should be one of your most important sources for your scholarship application. Please visit the website of the German Academic Exchange Service’s scholarship database, and choose your country of origin. You must apply for most programs online. The German embassies in your home country will assist you. Please make sure to meet the application deadlines. For most programs, the German government will assist you with EUR 750 per month as a Master student or EUR 1,000 per month as a doctoral student.

Eligibility
Foreign applicants and students, all HHL full-time programs

About the Scholarship
HHL receives EUR 25,000 (for 2018), EUR 15,000 in 2019 and 2020 per year from DAAD to assist the best foreign students to cover their living costs. The minimum installment is EUR 250 (one month); the maximum installment is EUR 850 (Master incl. MBA) or EUR 1,000 (doctoral students) per month for a maximum of 6 months.

Scholarship holders are expected to support the international department of HHL for 4 hours per week.

Prospective students should apply for the scholarship via regular mail. Current students can submit the application directly to the International Office.

The scholarship will be awarded in Fall only, and is co-financed in Spring by the Kolle Foundation with the same amount.

Contact
Julia Brodacki
Manager International Relations
Jahnallee 59
04109 Leipzig – Germany

Eligibility
All students admitted to HHL as well as enrolled HHL students. Prerequisite for the scholarship payment is an enrollment at HHL.

About the Scholarship
Launched in 2011, the National Scholarship Program supports highly motivated excellent students. With this initiative the German federal government aims at establishing a new culture of giving and supporting education by companies, individuals and foundations. The initial amount of the scholarship is EUR 300 per month. The scholarship is financed by public funds (50 %) and private funds raised by HHL sponsors (50 %). This initial amount can be increased by the private sponsor.
The annual number of scholarships to be awarded will be published by the Director of Financial Aid of HHL. In 2018, HHL can support 10 students.
The National Scholarship Program started at the beginning of the fall semester 2011 and continues on a semester basis. The scholarship requires a formal application.

Please add to the application form:

• supporting documents to the additional questions in the form
• updated CV

Application period is June 1-30 for the Fall term (September) and February 1-28 for the Spring term (April).
The duration of a scholarship is 12 months. The scholarship is renewable on application.

Selection Committee
The scholarships are awarded by a selection committee. This committee consists of the Director of Financial Aid and the heads of the academic programs of the applicants.

Selection Criteria
A) Academic performance: HHL applicants must have a minimum GMAT score of 650; currently enrolled HHL students must have achieved a GPA (grade point average) of min. 1.60 in their degree program by the scholarship application deadline.

B) Previous special successes, awards and prizes, to be proven by the applicant.

C) Non-university or non-professional commitment such as voluntary work, community, social, university or political involvement.

D) Special personal or family circumstances such as illness and disability, care of own children, especially as a single parent, or close relatives to care, employment in family business, own current employment, family background or migrant background.

Failure to meet the application criterion A) is an exclusion criterion, criteria B) to D) will be considered by the selection committee, provided they are adequately demonstrated by the candidate in German or English. For accompanying documents that are not written in German or English a certified translation must be submitted together with the original version. The applicant will be informed in writing about the scholarship decision.

Exclusion criterion for granting a scholarship is performance-based financial support from a domestic or foreign institution in case it exceeds a monthly average of EUR 30 per semester.

Academic Prerequisites
By the end of the first semester of the funding period HHL reviews the academic results of the scholarship holder for the continuation of the scholarship. The requirements are fulfilled with a GPA of 2.0.

Certificate
Together with the financial award, scholarship holders receive a certificate stating the name of the scholarship, its prerequisites, its amount and duration. The certificate also includes the names and logos of the donors.

Expiration
Within the award period, the scholarship will be paid also during a semester abroad, in case the academic results are transferable to HHL. The scholarship will not be paid out during a period of leave. The scholarship expires at the end of the granting period or in the month of the scholarship holder’s

• last examination
• withdrawal from his studies
• expellation

Personal Data
Scholarship applicants agree that their personal data will be transmitted to the public donors for statistical purposes and for a review of the exclusion criteria. Furthermore, applicants accept that they may be asked by HHL to appear in press and publicity in connection with the scholarship. Scholarship holders have to notify HHL immediately about changes that are relevant to the approval of the scholarship.
Any violation of this requirement or in the case of determining a non-prolongation of the scholarship after the first semester will result in a revoke of the scholarship to the end of the calendar month, with a notification of a six week period for repayment of unjustified amounts received. In the case of an unjustified double funding, the scholarship will be revoked retroactively with an immediate repayment period.
There is no legal claim to the award of a scholarship as described above.

Prospective students should apply for the scholarship via regular mail. Current students can submit the application directly to the International Office.

Contact for Students
Julia Brodacki
Manager International Relations
Jahnallee 59
04109 Leipzig – Germany

Contact for Companies
Martina Beermann
T +49 341 9851-887
martina.beermann@hhl.de

Eligibility
Applicants and students from Eastern Europe, all HHL programs

About the Scholarship
This scholarship complements the DAAD support within Stibet. This need based scholarship covers living costs and/or tuition fees. The total amount of all Karl-Kolle-Scholarships is EUR 15,000 per year. A high GMAT score, excellent academic performance and proof of financial need are awarding prerequisites. The maximum available amount per student is EUR 850/month for graduate students and EUR 1,000/month for doctoral students.

Applications for the scholarship must be sent by regular mail. Current students can submit it directly to the International Office.

The scholarships will be awarded in Spring only, for Fall the rules of the Stibet scholarship will apply.

Contact
Julia Brodacki
Manager International Relations
Jahnallee 59
04109 Leipzig

Erasmus+ is the program for education youth and sports of the European Union. Erasmus+ replaces seven programs with one. In order to achieve its objectives, the Erasmus+ Program implements the following actions:

• KEY ACTION 1 – MOBILITY OF INDIVIDUALS
• KEY ACTION 2 – COOPERATION FOR INNOVATION AND THE EXCHANGE OF GOOD PRACTICES
• KEY ACTION 3 – SUPPORT FOR POLICY REFORMS

The Program has an overall indicative financial envelope of 14.774 billion EUR for the seven years (2014-2020). More than 4 million young people, students and adults will gain experience and skills by studying, training or volunteering abroad through Erasmus+. Education, training and non-formal youth learning are keys to creating jobs and improving Europe’s competitiveness. That’s why Erasmus+ will make a key contribution to addressing these challenges. Information about Erasmus+ you may find on the Website of the European Commission.

Grants for most mobility programs and for strategic partnerships are given by national agen-cies. This is for 33 participating countries (28 EU countries, Iceland, Liechtenstein, Macedonia, Norway, Turkey). In Germany this national agency is the German Academic Exchange Service (DAAD)
Within the frame of Erasmus+ at HHL grants are given for the following mobilities:

• Study abroad for students (SMS)
• Mobility of staff (ST)

ECHE/EPS
Each institution participating in Erasmus+ 2014/20 must have a valid Charta for Higher Education (ECHE) This ECHE is awarded by the European Commission. It shows proof that the institution fulfills all prerequisites for a successful participation in Erasmus+

According to the guidelines of the EU, HHL has to publish this ECHE on the Internet (see links below).

Liability clause
„The project is financed with the support of the European Union. Liabilities for the content of this webpage are solely under responsibility of HHL, the EU Commission will not take liabilities for the further use of this content.“

Contact
Deutscher Akademischer Austauschdienst
Nationale Agentur für EU-Hochschulzusammenarbeit
Kennedyallee 50
53115 Bonn
Tel.: +49 (228) 882-8877
Fax: +49 (228) 882-555
erasmus(at)daad.de
www.eu.daad.de

Contact at HHL
Julia Brodacki
Manager International Relations
j.brodacki@hhl.de
Phone: +49 341 985 1746

Eligibility
Applicants from the EU, all HHL programs

About the Loan
Sparkasse Leipzig is the official financial partner for HHL students. Once admitted to HHL, students can apply for a student loan without presenting additional securities. The flexible loan covers the tuition fees up to EUR 30,000 with the repayment starting 12 months after graduation at the latest.
Students from non-European countries can also apply if they can provide a person (from Germany) willing to act as a guarantor.

Contact
Sparkasse Leipzig
Kati Friedrich
Humboldtstr. 27, 04105 Leipzig
Tel: (0341) 986-0
Fax: (0341) 986-1709
kati.friedrich@sparkasse-leipzig.de
www.sparkasse-leipzig.de

Eligibility
German applicants for the M.Sc. Program

Depending on financial needs there is the opportunity to apply for federal financial support according to Bundesausbildungsförderungsgesetz (BaföG). The maximum amount is currently EUR 853 per month given as a combination of grants and loans.

Contact
Studentenwerk Leipzig
Amt für Ausbildungsförderung
Goethestraße 6
04109 Leipzig
T +49 341 96595
www.studentenwerk-leipzig.de

Eligibility
Applicants for all HHL programs

About the Loan
The Generation Contract of HHL Leipzig Graduate School of Management and Brain Capital is a flexible model to finance your studies at HHL.
This concept is a risk free and easy way of financing your time at HHL.
While you focus on your studies, the HHL Bildungsfonds pays your tuition fees. After your graduation you have a high degree of freedom and flexibility.

Contact
Brain Capital GmbH
Gordon Kirstätter
Heerstraße 31
56179 Vallendar
Tel: (0261) 450 934 950
gordon.kirstaetter@braincapital.de
www.hhl-bildungsfonds.com

Eligibility
German applicants, all HHL programs

About the Loan
Students admitted into one of HHL’s programs may apply for the education fund offered by CareerConcept AG (up to EUR 30,000). After graduation the student has to pay back a fixed percentage (typically 4-10%) of his/her income over a period of 48-96 months.

Advantages

• Unlike a loan, students do not have to pay back a fixed amount of interest and redemption.
• The concept considers personal income situation and individually calculates personal financing options.
• The payback does not begin until the student has secured a job.

Eligibility
German applicants (foreigners can be considered after two years of living in Germany, they must have an unlimited residence permit), all HHL programs

About the Loan
The Deutsche Bank offers student loans of up to EUR 800 per month (up to 60 months, max. EUR 30,000). Repayment starts 3 months (12 months at the latest) after graduation. Applicants with an above average Bachelor degree benefit from a reduced interest rate.

Eligibility
Applicants for all HHL programs

About the Program
By concentrating on proactive measures German ESF fund 2014-2020 is combating social exclusion and supporting the ‘upgrade’ of workforce in order to meet demographic challenges. At national level, it concentrates on the adaptability of workers to support and sustain the growing economy. The fund is available in several federal states in Germany (e.g. Saxony, Saxony Anhalt), but the prerequisites are different.

Contact
Petra Spanka
T +49 341 9851-730
petra.spanka@hhl.de

Eligibility
German applicants, all HHL programs

About the Loan
The KfW Bankengruppe offers student loans at reduced interest rates of up to EUR 300 per month (max. EUR 7,200). The payback begins 4 years after the payment started.

HHL is one of the few German universities approved by OSAP. OSAP provides a mix of loans and grants for your master program at HHL

Eligibility

• Canadian citizens or permanent residents of Canada in all HHL programs

About OSAP The Ontario Student Assistance Program (OSAP) offers two kinds of money:

• grants: money you don’t have to pay back
• a student loan you need to repay

Both the Ontario government and federal government provide this money. Through one OSAP application, you have access to a mix of different financial aid programs, depending on your circumstances.

To estimate the amount you may eligible for, please use the OSAP amount estimator online

For more information and to apply, please visit the official website.

HHL offers access to the following loan program, as advertised by the provider below:

Prodigy Finance

Prodigy Finance is revolutionizing student finance. The innovative model offers alumni-funded loans to international students at the world’s top business schools, including HHL.

While banks base their loan decisions on historical salaries, Prodigy looks to the future. The loan affordability is determined by the assessment of applicants’ future earning potential (based on the past achievements of similar graduates).

The model is borderless, offering competitive rates to over 150 nationalities of students.

Eligibility

Accepted students into the Master’s in Management and Full-time MBA are eligible to apply for a loan with Prodigy.

Rates

Interest rates vary depending on individual applicants. See more detail about the terms and conditions, and how to apply for a loan on Prodigy’s website.

Why choose Prodigy?

• 150 nationalities covered
• Competitive interest rates
• No collateral or guarantees required
• Easy online process
• No repayments while you study

Prodigy Finance Ltd is incorporated in the United Kingdom (Company Number 05912562) and registered with the Office of the Information Commissioner (Reg. No. Z9851854). Prodigy Finance Ltd is authorized and regulated by the Financial Conduct Authority, and entered on the Financial Services Register under firm registration number 612713. Prodigy’s registered address is Palladium House 1-4 Argyll Street, London, W1F 7L

HHL is the ONLY business school outside of China that is approved by Shanghai Pudong Development Bank (SPD Bank) with this student loan. SPD bank provides HHL master program students with flexible education loan with amount up to RMB500.000 (equivalent to EURO 72.000) with different payback schemes.

Eligibility

• Chinese citizens in all HHL programs

For more information and to apply, please please contact SPD bank directly.

Contact

Shanghai Pudong Development Bank
Mr. Peijun JI纪培俊
Tel: (+86-21) 6335 6276
Email: JiPJ@spdb.com.cn

Eligibility
Applicants from the U.S. (U.S. citizens) with eligibility to use educational assistance of the Department of Veterans Affairs.

Educational assistance is offered under the following benefit programs:

• Post-9/11 GI Bill chapter 33 of title 38, U.S. Code
• Montgomery GI Bill (MGIB) chapter 30 of title 38, U.S .Code
• Montgomery GI Bill -Selected Reserve (MGIB-SRl chapter 1606 of title 10, U.S. Code
• Reserve Educational Assistance Program (REAP) chapter 1607 of title 10, U.S. Code
• Post-Vietnam Era Veterans’ Educational Assistance Program (VEAP) chapter 32 of title 38, U.S. Code, or section 903 of Public Law 96-342

Please apply online or use the application form VA 22-1990.

Responsible for foreign schools is:
VA Regional Processing Office
130 South Elmwood Avenue
Buffalo, NY 14202

Contact
Frank Hoffmann
Director International Relations
T +49 341 9851-747
hoffmann@hhl.de

Eligibility
Applicants from the U.S. (U.S. citizens), Full-Time MSc, Part-time MBA (Leipzig), Full-time MBA, Part-time MBA (Leipzig), Doctoral program.

Not eligible
– Global Executive MBA, MBA- and MSc- options in Cologne: 34 CFR §600.54(c) “…an eligible foreign institution may not enter into a written arrangement under which an ineligible institution or organization provides any portion of one or more of the eligible foreign institution’s programs.”
– Euro MBA: 34 CFR §600.51(d)(1) “a program offered by a foreign school through any use of a telecommunications course, correspondence course, or direct assessment program is not an eligible program.”

About direct loans
Direct loans are low-interest student loans offered by the U.S. Department of Education rather than a bank or other financial institution.

With Direct Loans, you

• can finance the full tuition fee at HHL as well as living expenses throughout your studies.
• borrow directly from the U.S. federal government and have a single contact – the Direct Loan Servicing Center – for everything related to the repayment of your loans, even if you receive Direct Loans at different schools.
• have online access to your Direct Loan Account Information 24/7.
• can choose from several repayment plans that are designed to meet the needs of almost any borrower, and you can switch repayment plans if your needs change.

Please read the following pages carefully:

• Applying
• While in school
  • SAP Regulations
• Leaving school
  • R2T4 Regulations 
• Repayment

HHL’s Federal School Code is G38183 (you will need it to file your FAFSA – Free Application for Federal Student Aid).

Required Consumer Information

1: Institutional and Financial Assistance Information
Basic financial aid information
Basic Information about School/Programs
Copyright Information
Textbook Information
Availability of Employees – contact hoffmann@hhl.de or see Website
2:  Drug and Alcohol Prevention
Number of Students
Financial Aid Shopping Information
3: Student Right to Know Act – see cf. 29 German Federal Administration Act
4: Family Educational Rights and Privacy – see the regulations in HHL’s exams regulations
5: Safeguarding Consumer Information – see German Federal Data Protection Act
6: Misrepresentation – about the nature of the program, and fees, see the Websites of the program, about employability the Website of the Career Center
7: Loan Disclosures – see Website for Information about entry and exit counselling
8: Missing Student Notification – not relevant for HHL (no on campus housing)
9: Gainful Employment Regulations – not relevant for HHL (less than 10 students per program)

Contact
Frank Hoffmann
Director International Relations
T +49 341 9851-747
F +49 341 9851-810
hoffmann(at)hhl.de