How can I finance studying abroad?
A mini job abroad is not only an opportunity to finance your studies, but also to experience something new and meet new people. In the EU, a mini job shouldn’t pose any problems; however, get informed about country-specific requirements and specifications. This applies even more to non-EU states.
If you are under the age of 24, you will receive a family allowance during your studies abroad as long as your parents’ main interest remains in Austria. You can find all the information on the family allowance in our article! Attention: If you study abroad, you cannot claim student allowance!
If you or your family don’t dispose of the necessary financial means for your studies, you should start looking for scholarships in due time. You can apply for a mobility scholarship for your studies abroad. After the first academic year, you must prove the work of 15 ECTS in English or German. For each semester, you must hand in proof of matriculation and starting with the first year, you must add proof of successful studying. You can apply for this scholarship at the competent scholarship organisation at your place of residence. However, bear in mind that this scholarship is paid afterward!
A student loan can also support you in financing your studies. This loan is paid in monthly deposits. You only start repaying the loan after graduation. The interest rates and conditions are usually better than with regular loans. In this article we explain student loans in detail!
You can find all types of student financing in Austria in our article!