Tuition Fees
The tuition fee of the LL.M. Finance program in 2025/26 is set at €23,000 (full-time) and €27,000 (part-time). This fee, to be paid in instalments, covers tuition, the use of the ILF facilities, the use of the facilities at the Goethe University Frankfurt, the conferment of the degree upon the successful completion of the program requirements, transcripts, degree certificates as well as selected extracurricular activities. It does not cover the costs of living (i.e. board and lodging), health insurance, teaching materials or computer consumables.
The tuition fees shall be paid in 3 instalments for full-time students:
● 10 % non-refundable and to be paid within 3 weeks of receipt of ILF acceptance;
● 40 % by 1 October of the year of joining the program; and
● 50 % by 1 April of the subsequent year.
In addition, all enrolled students are required to pay the semester enrolment fees of Goethe University Frankfurt of approximately €350 per semester (ie every 6 months). All enrolled students are subject to our Terms of Enrolment regarding payment.
The ILF does not provide any grant to students for the costs of living. Before being admitted to the ILF program, every student must satisfy the Admissions Committee that he/she is able to meet reasonable living expenses for the entire duration of the program.
Rebate for EU Citizens
Applicants with EU citizenship will receive a €3,000 rebate on the tuition fees.
* Applications submitted to the ILF must be complete ie. with all supporting documents in order to qualify for the applicable rebates. Incomplete applications are not processed and therefore will not qualify for such rebates.
ILF Scholarships (Financial-Need Based)
In exceptional cases, a limited amount of financial aid in the form of scholarships granted for the tuition fees is available. Such scholarship funds are made possible by the generosity of the ILF sponsors. Financial aid usually takes the form of a partial funding of the tuition fees. It is awarded at the discretion of the ILF Admissions Committee based on merit as well as the applicant’s proven financial need.
The ILF does not publicize the precise details of criteria used to assess applications for financial assistance. However, as the ILF Financial Assistance Scheme is based on financial circumstances, you will only succeed in securing support if you provide as much information as possible about your individual and family financial situation. Your financial information will not be considered as part of your application for a place in the LL.M. Finance program.
The ILF does not provide any grant to students for the costs of living. Before being admitted to the ILF program, every student must satisfy the Admissions Committee that he/she is able to meet reasonable living expenses for the entire duration of the program.
The possible maximum amount of financial assistance for tuition fees which could be awarded by the ILF, if any at all, for the academic year 2025/2026 would be combined with any rebates offered to applicants as described above. In all cases, at the very least, students will be required to bear tuition fees of 13,000 Euro themselves; the amount of financial aid and rebates available to full-time students would not exceed a combined amount of €10.000.
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.
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: www.daad.de.
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.
Haniel Stiftung: Scholarship program for students from Central and Eastern Europe ("Go West - European Master's Degree & Internship").
Stiftung der deutschen Wirtschaft: Scholarships are offered to applicants with different national backgrounds.
You may also be interested in taking a look at the following websites where scholarships may be awarded to students who share the same political views as the German political foundations:
Finally, there are also additional online financial aid databases:
www.internationalscholarships.com
www.wemakescholars.com (for Indian applicants searching for external scholarships or education loans)
www.education-future.org (for students from India)
In addition, we 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.
Contact
Jennifer Schmid
Admissions & Recruiting Manager
+49 (0)69 798 33624
LL.M. Finance Brochure
