Austria 2016/17 - grants and loans

Country: Austria
Date of publication: 2017
Grants - note: 14.5 % of students received a grant in 2014/15
Need-based grant (euro): min 60 - most common 4755 - max 9492
Merit-based grant (euro): min 60 - most common 4755 - max 9492

Student grants

The federal student grants for 1st and 2nd cycle can systematically be divided into two sections: direct study financing received in cash, and indirect study financing. Indirect financing may be a transfer payment to the students’ parents (e.g. family allowances and tax relief), or non-cash benefits (e.g. health and accident insurance for students and tax benefits).

Direct student support is paid out in monthly instalments of up to EUR 9 492 per year on the basis of social criteria and of good academic performance. The amount is assessed on the basis of the income of the parents, the student and his/her spouse, and the number of family members. Students may only be required to pay back grants when proof of academic achievement is missing after the first two semesters.

Loans

No student loans.



Source: Eurydice, National Student Fee and Support Systems 2013/2014, 2015/2016, 2016/2017
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