Financing Options

A. Scholarships

ILF Scholarships (Financial Need-Based)

Financial assistance is available in the form of ILF scholarships that cover part of the tuition fees. The possible maximum amount of financial assistance for tuition fees which could be awarded by the ILF, if any at all, from the academic year 2020/2021 is EUR 7,000. This would mean that, at the very least, students will be required to bear the tuition fees of EUR 13,000 themselves.

Any application for financial assistance must be made at the same time as the application for admission. Subsequent applications for financial aid will not be considered. Documents supporting the application for financial assistance may follow the application itself.

B. External Financing Options

Applicants to our LL.M Finance program may wish to look into the following websites for more information regarding the possibility of obtaining scholarships. Please contact the responsible person of these scholarship providers regarding eligibility requirements and application deadlines.

German Academic Exchange Service (DAAD): Scholarships are awarded to university graduates from all academic disciplines. We recommend that students consult the DAAD website early in their application process:

Alfred Toepfer Scholarships: Applicants below the age of 30 from Middle and Eastern Europe may apply for the scholarships which provide for costs of living in Germany. For more details, please see

Haniel Stiftung: Scholarship program for students from Central and Eastern Europe ("Go West - European Master's Degree & Internship"). See Haniel Stiftung

Stiftung der deutschen Wirtschaft: Scholarships are offered to applicants with different national backgrounds.Stiftung der deutschen Wirtschaft

You may also be interested in taking a look at the following websites where scholarships to students who share the same political views as the German political foundations:



Hanns Seidel Stiftung



Finally, there are also additional online financial aid databases:

We also strongly recommend you to contact the international office of your home university for information on scholarships and grants for nationals of your country to study in Germany.