Montenegro 2016/17 - grants and loans

Student grants

There is no need-based grant.

Merit-based grants are awarded to the best-performing first-time students in the second and the succeeding academic years of study, including students showing particular scientific or artistic inclinations and winning awards at international and national competitions. Grants are awarded on the basis of the contest announced by the Ministry at least one month before the beginning of an academic year. Grants are not awarded to student loan beneficiaries.

The maximum grant is EUR 86/month paid in ten monthly instalments.

The Ministry of Education also awards co-financing scholarships of up to EUR 500 for 2nd cycle and doctoral students who study in Montenegro or abroad.

Loans

State guaranteed loans are available on the basis of performance to first-time students. The average loan is EUR 45/month for ten monthly instalments. Repayment must start one year and the latest 18 months after completion of studies. Best performers may be exempted from repayment or receive discounts.