It is a government subsidised loan with interest rates lower than for Student Loan 1 (above)
In addition to the regular (monthly) need-based grant (shown in the diagram above), there is a scholarship scheme jointly financed by municipalities and higher education institutions (Bursa Hungarica scholarship). One-off initial and emergency grants are also available.
Only state-funded students can receive a merit-based grant. In order to receive a merit-based grant, students have to obtain a certain number of credits or a minimum mark stipulated by the HEI. The grants are paid for a period of 10 months/year.
The diagram does not contain data on the ‘Scholarship of the Hungarian Republic’, which is granted only to the best performing students (maximum 0.8 % of state-funded students) and is a significantly higher amount.
Fee paying students can take out both types of loans to cover both study costs and living costs
Fee paying students can take out both types of loans to cover both study costs and living costs
| A government-subsidised loan (Student Loan 1) is available for both state-funded and fee-paying students (max. HUF 50 000/month for a period of 10 months/year). Orphans and those with unemployed parents can receive HUF 10 000/month more. The maximum duration is 5 years (7 for longer diploma courses such as medicine). Students below 35 years of age are eligible. It is a general-purpose loan.
A second type of student loan (Student Loan 2) has been available for fee-paying students since the academic year . It can only be spent on tuition fees and it can cover the whole of the tuition fee. |
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| Hungary – grants and loans | The regular need-based grant is paid for a period of 10 months/year.
The minimum of the grant specified by the law for the disadvantaged, for students with one living parent and those under legal guardianship until the age of 18 is HUF 119 000/academic year. The minimum of the grant specified by the law for the disabled, multiple disadvantaged, orphans, students supporting dependents or those from a large family is HUF 238 000/academic year. In addition to the regular need-based grant (shown in the diagram above), there is a scholarship scheme jointly financed by municipalities and higher education institutions (Bursa Hungarica scholarship). One-off initial and emergency grants are also available. Only state-funded students can receive a merit-based grant. In order to receive a merit-based grant, students have to obtain a certain number of credits or a minimum mark stipulated by the HEI. The grants are paid for a period of 10 months/year. A maximum of 50 % of students at state-funded places are awarded a merit-based grant, and the minimum amount of the grant is HUF 59 500/academic year. There is also a ‘Scholarship of the Hungarian Republic’, which is granted only to the best performing full time students (maximum 0.8 % of https://worldpaydayloans.com/payday-loans-tn/harrogate/ statefunded students). It is granted for 10 months, and the amount of the scholarship is 34 000 HUF/month (in total 340 000HUF/year). |
A government-subsidised loan (Student Loan 1) is available for both state-funded and fee-paying students (max. HUF 50 000/month for a period of 10 months/year). Orphans and those with unemployed parents can receive HUF 10 000/month more. The maximum duration is 5 years (7 for longer diploma courses such as medicine). Students below 40 years of age are eligible. It is a general-purpose loan.
A second type of student loan (Student Loan 2) has been available for fee-paying students since the academic year . It can only be spent on tuition fees and can cover the whole of the tuition fee. |
| Hungary – grants and loans | Need-based grants are paid for 10 months/year. Only full-time state-funded students are eligible. For students with one living parent and those under legal guardianship until the age of 18, the grant is for HUF 119 000/academic year. For multiple disadvantaged students, orphans, students supporting dependents or those from a large family, it is HUF 238 000/academic year. Disadvantaged students can also apply for the Bursa Hungarica scholarship jointly financed by municipalities and higher education institutions with an average value of HUF 25 427. Both fee paying and state subsidised students are eligible. In the autumn semester of the academic year, 6.4 % of all 1st and 2nd cycle students received this scholarship. One-off initial and emergency grants are also available. |