| Country | Grants | Loans |
|---|---|---|
Greece 2016/17 - grants and loans | There are no standard scholarships. Depending on funds available from the state budget, ESIF or private funds
managed by IKY (State Scholarship Foundation), a call for applications for grants is published. Awards and
scholarships may be offered by higher education institutions, according to students' academic performance and
financial status. Part-time students are not eligible for IKY grants.
Grant/scholarships are also offered by research institutions/non-profit/benefit foundations to first, second cycle and PhD students. Eligibility/selection criteria are age, grades (for 2nd cycle), foreign languages, work experience and socio-economic status. The scholarships awarded by the Hellenic Open University cover the full amount or part of the student fees per academic year if a combination of economic, social and academic criteria is met by the student. | 2nd students may apply for state guaranteed loans until the age of 45 and if they meet academic and socio- economic criteria. Parents' guarantee for redeeming the loan to credit institutions is requested. Interest rate may be covered by the Ministry of Education, Research and Religious Affairs up to 50 % (Government Gazette 659/31-07- 1996). The terms of loan are further determined by the credit institutions. There are no statistical data on the number of students who receive loans. The legal basis for a loan for 1st cycle studies is available, but the conditions have yet to be developed. |
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