Cyprus 2013/14 - grants and loans
Date of publication: 2014 Grants - note: All students receive a basic grant, 2 % merit-based grant, 10 % need-based grant
Need-based grant (euro): min 850 - max 3692
Merit-based grant (euro): min 2000 - max 3500
Student grants
All Cypriot students receive an annual educational grant (basic grant) by the Ministry of Finance. According to new
legislation which came into force in 2012, the educational grant is given based on family income criteria. The
minimum educational grant is EUR 850 and the maximum is EUR 2 565 per year.
Approximately 10 % of Cypriot students receive targeted need-based grants to cover living, books, rental and
computer expenses based on their socioeconomic status. The minimum targeted grant is EUR 500 and the
maximum is EUR 3 692 per year.
About 2 % of students receive merit-based scholarships. The criteria for scholarships are academic excellence
and socioeconomic status. Students may receive up to EUR 2 500-3 500 per year for an undergraduate programme
(1st cycle), EUR 2 000 per year for a master's programme (2nd cycle).
Loans
Study loans are available only for owners of property in the northern Cyprus.
Source: Eurydice, National Student Fee and Support Systems 2013/2014, 2015/2016, 2016/2017
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