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 Administrative Director, Antoine Rech.

Financial Support Package



Compulsory six months Average ten months


Minimum €1,000 Average €1,400


Based on your GMAT score you can count on a percentage reduction on the basic rate of your MBA tuition of €39,000, as follows:

550 - 600: By 10%  |  601- 650: By 15%  |  650 & Above: By 20%

Other achievements will also be considered, particularly if GMAT is not available, such as good study results (GPA) and quality of work experience as well as additional qualifications.


€ 400- €500 per month for a room & shared facilities.

The typical market rate in Luxembourg would be about double.

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.