Financial Aid & Scholarships

Rules & Guidelines

  • The scholarship request letter should be submitted along with the filled application.
  • All scholarships reduce the cost of the MBA education but do not cover the entire tuition.

How to Apply

  • Students are required to submit a scholarship request letter (300-500 words) along with the filled application.
  • The letter stating the merits/need for scholarship should be addressed to the Academic Director Dr. Alfred Steinherr, Ph.D.

Scholarship Categories

In sum, the financial support for the typical student is estimated €6,800 (17x€400) for housing, €14,000 (10x€1,400) for internship and €3,900 for scholarship (GMAT 600-650) amounts to about 65% of the basic tuition fee of €39,000!

 

Government Aid

If you are a resident of or working in Luxembourg, you may be eligible for assistance through state financial support, CEDIES (combination of grant and loan based on financial income). Likewise, being an American University, students from the U.S. may utilize the FAFSA program. Any person taxed on his/her income that he/she receives from paid work may deduct professional development expenses from his/her taxable income. More information available here. Students who wish to develop their professional skills through our programs may benefit from extra days off. More information available here.