Cyprus 2013/14 - grants and loans

Country: Cyprus
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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