Forms of Financial Aid 2007/2008

SECTION 1: Financial Aid for CEU Master's Students 2007/2008

1.1. CEU Fellowship Awards for Master’s students come in two packages: a Full Fellowship and a Partial Fellowship. In both cases, award recipients are eligible for a monthly stipend and accommodation in the CEU Residence Center for the duration of their degree program.

1.1.a. The Full CEU Fellowship : covers tuition and medical insurance. In addition, full fellowship recipients are awarded a monthly stipend and accommodation in the CEU Residence Center, which is covered directly by the university. The monthly stipend is calculated to cover essential costs. Students need to budget additionally for travel, recreation, and incidentals, which can vary with the individual. Further details about estimated costs of living and accommodation are available at:

• http://www.ceu.hu/admissions_financial.html#estimated, and
• http://www.ceu.hu/financial.html.

1.1.b. The Partial CEU Fellowship : covers tuition and medical insurance. In addition, partial fellowship recipients are awarded a monthly stipend supplement and accommodation in the CEU Residence Center, which is covered directly by the university. The monthly stipend supplement is calculated to cover the cost of meals. Students need to budget additionally for educational and daily costs, including—but not limited to— transportation, readers, travel, recreation, and other sundries, which can vary with the individual. Further details about estimated costs of living and accommodation are available at:

• http://www.ceu.hu/admissions_financial.html#estimated, and
• ttp://www.ceu.hu/financial.html.

Fellowship Recipients have the option to decline accommodation in CEU’s Residence Center . In such cases, however, CEU does not cover the costs of alternative accommodation.

In addition to the fellowship packages, Central European University awards financial aid in the form of a full tuition waiver and partial tuition waivers ranging from 50% to 80%. Recipients of the full or partial Tuition Waiver packages are not automatically provided with accommodation in the CEU Residence Center. They are eligible to request a room on a space-availability basis, for which they will be expected to cover their costs directly.

1.2.a. Full Tuition Waiver. This award covers tuition and provides medical insurance. Recipients of a Full Tuition Waiver are expected to cover their rent, food and personal expenses for the duration of the academic year. To estimate these expenses, students should consult the Estimated Living Costs section of the CEU website. Students need to budget additionally for travel, recreation, and incidentals, which can vary with the individual.

1.2.b. Partial Tuition Waiver-80%. The Partial Tuition Waiver covers 80 percent of the tuition. It also provides medical coverage. Students are expected to pay 20% of their tuition and to cover their rent, food and personal expenses for the duration of the academic year. To estimate these expenses, students should consult the Estimated Living Costs section of the CEU website. Students need to budget additionally for travel, recreation, and incidentals, which can vary with the individual.

1.2.c. Partial Tuition Waiver-70%. The Partial Tuition Waiver covers 70 percent of the tuition. It also provides medical coverage. Students are expected to pay 30% of their tuition and to cover their rent, food and personal expenses for the duration of the academic year. To estimate these expenses, students should consult the Estimated Living Costs section of the CEU website. Students need to budget additionally for travel, recreation, and incidentals, which can vary with the individual.

1.2.d. Partial Tuition Waiver-60%. The Partial Tuition Waiver covers 60 percent of the tuition. It also provides medical coverage. Students are expected to pay 40% of their tuition and to cover their rent, food and personal expenses for the duration of the academic year. To estimate these expenses, students should consult the Estimated Living Costs section of the CEU website. Students need to budget additionally for travel, recreation, and incidentals, which can vary with the individual.

1.2.e. Partial Tuition Waiver-50%. The Partial Tuition Waiver covers 50 percent of the tuition. It also provides medical coverage. Students are expected to pay 50% of their tuition and to cover their rent, food and personal expenses for the duration of the academic year. To estimate these expenses, students should consult the Estimated Living Costs section of the CEU website. Students need to budget additionally for travel, recreation, and incidentals, which can vary with the individual.

All Master’s students are required to pay a Student Enrollment Fee of 200 Euro per academic year.

SECTION 2: Financial Aid for CEU Doctoral Students 2007/2008

Students admitted into CEU doctoral degree programs are eligible to receive a full CEU Doctoral fellowship for up to three years. Effective 2007/2008, the university is pleased to announce a significant increase of the doctoral fellowship package.

The Full CEU Doctoral Fellowship covers tuition and medical insurance. In addition, full fellowship recipients are awarded a monthly stipend calculated to cover educational and accommodation costs. Students need to budget additionally for travel, recreation, and incidentals, which can vary with the individual. Further details about estimated costs of living and accommodation are available at:

• http://www.ceu.hu/admissions_financial.html#estimated, and
• http://www.ceu.hu/financial.html.

Doctoral students are not automatically provided with accommodation in the CEU Residence Center. They are eligible to request a room on a space-availability basis, for which they will be expected to cover their costs directly.

Doctoral students who receive funding from state sources or other organizations are required to declare that they are supported externally. For the duration of their external grant, such students are not automatically eligible to receive financial support from CEU.

Additionally, in those limited cases in which a student wishes to keep his/her employment simultaneously with their studies, the student must request permission from their department. CEU may request full or partial tuition payment and will expect the student to cover his/her living costs.

All doctoral students are required to pay a Student Enrollment Fee of 240 Euro per academic year.

SECTION 3: Students on Externally Funded Scholarship-administered by CEU 2007/2008

CEU awards and administers a number of externally funded scholarships, such as scholarships from the Hungarian State or the European Commission, or private donors and organizations.

Students on Externally Funded Scholarships, administered by CEU, are not automatically provided with accommodation in the CEU Residence Center. They are eligible to request a room on a space-availability basis, for which they will be expected to cover their costs directly.

All students are required to pay a Student Enrollment Fee (Master’s: 200 Euro per academic year; doctoral: 240 Euro per academic year), unless special donor conditions apply.

Need-based Financial Aid

From 2006 the university will consider-to the extent possible-specific circumstances based on the applicant's documented need, and will offer a limited number of need-based financial aid awards in the form of a supplementary top-up grant to a CEU merit-based award.

http://www.ceu.hu/financial_need.html

Inter-Europa Bank Tuition Loan

Through a special agreement with Inter-Europa Bank, based in Budapest, Hungary, CEU offers tuition loans to students at the Master's level. Bank loans are not available to doctoral students. Student loans can only be taken for tuition purposes. The amount of the individual loan depends on the tuition waiver offered by CEU. The loan contract is signed for a period of 48 months and the repayment period begins 12 months from the date of the recipient's enrollment at CEU.

Individuals who have applied for and received Inter-Europa Bank loans to cover the cost of their CEU tuition, or part of it, are invited to sign their loan contract and a declaration upon arrival in Budapest. Under the conditions of this loan program, the bank will transfer the amount of the loan directly to CEU. Failure to meet any of the obligations connected with the administration of the loan program will result in the individual's access to university services being suspended, according to the CEU Policy on Holds.

For information on the Inter-Europa Bank loan program, applicants should contact the Financial Aid Officer, Nador u. 9, Monument Building, Ground Floor, Student Services Center, Extension: 3287, Email: or visit the CEU website at http://www.ceu.hu/loan_program.html.

Other Scholarship Funds

Every year CEU raises a limited number of scholarships from alumni, private and governmental sources, foundations and corporations. Decisions on special scholarship awards are made by the respective department on the basis of outstanding academic merit. No special application form is necessary for such scholarships. Applicants are notified in their acceptance letter if they are also recipients of a special individual scholarship.

CEU Alumni Scholarships

In addition to the financial aid packages outlined previously, applicants may request to be considered for a CEU Alumni Scholarship. Alumni Scholarships are awarded to students in financial need, and with a proven record of leadership in extracurricular activities, community service and civic engagement. The number and the amount of CEU Alumni Scholarships awarded each year depend on the overall merit of the applicants. In most cases, CEU Alumni Scholarships are awarded to help cover the costs of living (previously, amounts have varied between 1,000 and 2,000 EURO per annum).

To apply for a CEU Alumni Scholarship, applicants must indicate so on the On-line Application Form and submit a one-page statement outlining:

• their record of leadership in extracurricular activities, community service and civic engagement (e.g. serving on the student council, volunteering for an NGO, etc),
• their plans for future volunteer or civic engagement, and, perhaps, involvement with the local CEU Alumni Chapter, and
• their financial need for the scholarship.

This statement must also include the applicant's name, and the department(s) to which he/she is applying. It must be mailed together with the other application documents. Applicants must be prepared to substantiate their record of volunteer or civic engagement through additional references or documentation in cases where this is not supported by their resume, references, or academic records.

An applicant's decision to apply for an Alumni Scholarship will not influence the CEU departmental decisions on financial aid. CEU Alumni Scholarships will only be used to increase an applicant's funding and will not replace funding awarded by CEU departments.