Date of publication: 2017
Grants - note: No statistical data available on the percentage of students receiving support
Need-based grant (euro): most common 2400
Merit-based grant (euro): most common 1800
Student grantsThere 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
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.
Loans2nd 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.