These are the costs you can expect with studiesNetwork
- incl. complete administrative takeover of the registration at the partner university in Bali
- incl. competent studiesNetwork support
- payable upon registration via PayPal or credit card
- incl. all selected teaching modules
- incl. exciting excursions
- incl. exclusive studiesNetwork benefits
- incl. digital issue of certificates
- incl. Welcome Party
- payable 2 months before the start of the semester
- payable via PayPal
- for books, printing and copying costs, travel expenses etc.
- surpluses will be paid out at the end of the semester
Important
The tuition fees for all studiesNetwork study programs can be subsidized up to 100% by BAföG. Travel allowances are also granted.
Funding
Funding opportunities
BAföG
The Auslands-BAföG is intended to enable students to have an experience abroad, and unlike scholarships, it is independent of performance. The award and amount depends on the parents' income, but students who do not receive domestic BAföG because of income can also apply for the Auslands-BAföG. The funding amounts abroad are higher, and part of the work done abroad must be creditable for studies at the home university.
The maximum funding period is one year, and the minimum duration is one semester or 12 weeks. The BAföG maximum rate for a semester abroad is approximately € 9.000 and includes tuition fees, travel allowances, health and nursing care insurance, and a monthly foreign allowance in addition to a standard monthly rate in Germany. The application should be submitted 6 months before the stay abroad if possible, and the application for Indonesia is submitted to the Studierendenwerk in Tübingen.
Aid
Students in Austria have the possibility to apply for a study abroad grant (BAS) in addition to the regular study grant. The subsidy period is a maximum of 20 months, but only 12 months for academies such as teacher training colleges. The prerequisite for receiving the BAS is the receipt of a study grant and the completion of studies at a foreign university or research institution. The amount of the BAS depends on the living and study costs in the host country and amounts to a maximum of € 582 per month.
Other assistance such as travel allowances and insurance contributions can also continue to be received during the semester abroad. Students must submit the application no later than three months after completing their studies abroad. For students at universities and universities of applied sciences, certain conditions must be met, such as passing the 1st diploma examination and a stay abroad of at least three months. For students at teacher training colleges, on the other hand, a training period of at least two semesters and a period of study abroad of at least one month are required.
Student Credit
For students who are not able to finance their studies abroad sufficiently by means of Auslands-BAföG, Auslandsbeihilfe or scholarships, there are various student loans as an alternative. Before making a decision, eligibility requirements, repayment modalities and other conditions should be carefully checked, as they may vary between the offers. In Germany, there is the education loan of the Federal Ministry of Education, which supports semesters abroad, internships and foreign master's degree programs and can be combined with BAföG. Education funds such as Career Concept AG’s general education fund, Festo’s education fund for engineering and technical courses, and Deutsche Bildung AG’s flexible financing can also provide socially acceptable student financing that is not dependent on banks.
There are also many loan offers from private institutions on the market, which should be carefully compared before making a decision. In Austria, Austrian citizens under the age of 30 at universities or colleges can apply for a student loan from a bank or building society. Bausparkassen often offer attractive interest rates and conditions, where often only the interest has to be paid during the study period and the loan amount and loan interest are repaid later. The student loan may only be used for educational purposes and is limited to the period of study.
Scholarship
A scholarship is financial support for students that is awarded based on various criteria and reflects the values and purposes of the donor or founder. There are special scholarships and grants for international students who wish to study in Asia. Applying for scholarships relevant to your own purposes is worthwhile, even though competition is high.
For Austrian students, the scholarship database of the Austrian Exchange Service (ÖeAD) is the first place to start. In addition, there are also university-owned scholarship opportunities and funding as well as funding at the state level. German students can obtain information about scholarships from the German Academic Exchange Service (DAAD), PROMOS offers scholarships for stays abroad, and there are a number of foundations that award scholarships. Selection criteria for the foundations can include financial situation, talent, grades and social commitment. Another way to search for scholarships is through the E-Fellows.net scholarship database.
Miscellaneous
A look at the Campaign “STUDY WORLDWIDE – EXPERIENCE IT!”, which was launched by the German Academic Exchange Service (DAAD) and the Federal Ministry of Research and Education (BMBF), is worth it. The campaign promotes semesters abroad for students in Germany and offers you the opportunity to as a “correspondent” about your semester abroad studiesNetwork to report. This means you can motivate many more students to spend a semester abroad. The best thing: your effort will be rewarded with a smartphone and a monthly allowance of € 200. In addition, after your semester, you can work as an ambassador and report on your semester virtually or on site at universities and advise those interested – of course with appropriate remuneration.