Cyprus 2015/16 - grants and loans
Date of publication: 2016 Grants - note: All students receive a basic grant, 2 % merit-based grant, 10 % need-based grant
Need-based grant (euro): min 300 - most common 1092 - max 3692
Merit-based grant (euro): min 2500 - most common 3500 - max 6000
Student grants
A big number of Cypriot students, whether studying in Cyprus or abroad, receive an annual educational grant (basic grant) from the Ministry of Finance, based on family income criteria. The minimum educational grant is EUR 1 450 and the maximum is EUR 2 565 per year. The basic grant is the same for the first and second cycle.
Approximately 10 % of Cypriot and other EU students, studying in Cyprus, receive targeted need-based grants to cover living, books, rental, and computer expenses based on their socioeconomic status. The minimum targeted grant is EUR 300 and the maximum is EUR 3 692 per year. The need-based grant is given to first-cycle students only.
About 2 % of students receive merit and need-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 2 500-4 000 per year for a master's programme (2nd cycle) and EUR 4 000-6 000 for a PhD programme (3rd cycle).
Loans
Study loans are available only for owners of property in the northern part of Cyprus.
Source: Eurydice, National Student Fee and Support Systems 2013/2014, 2015/2016, 2016/2017
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