Financial Aid

Financial aid for international students in Germany

How to finance your studies at CBS!

Your studies, your choice! Everybody should be able to persure their dream career and study their dream programme, regardless of their financial status. “How to fund your studies at CBS?” True to our motto “Creating tomorrow”, here at CBS we provide you with the support you need to answer all your questions regarding financial aid and different possible ways to finance your studies in Germany, in order to get the best students to us.


How to finance your studies? What options exist to finance your education?

There are many ways and possibilities to finance your studies. Those who claim that they cannot afford to pay for their studies are not familiar with the many financing options that students in Germany have.

Here are some ways to finance your studies in Germany:

CBS has its own financial aid programmes:

How much does it cost to study in Germany?

There are various costs that recure during your course of studies. First of all, you have to be able to finance the general living costs for rent, food and clothing. In addition, there are registration fees and semester fees, which have to be paid at the time of enrolment. As a private university of applied sciences, the CBS also charges tuition fees which can vary depending on the study programme. Here you can find an overview of our tuition fees.

Why are there tuition fees at CBS?

Are you wondering why you have to pay tuition fees at CBS but not at many other universities in Germany? CBS is a private, state-recognized university of applied sciences for management study programmes. This means that it is not supported by state funds, rather it is privately financed.

Look at your studies as an investment in your dream future career. As an international business school, we offer you not just the best conditions for studying but also amazing career prospects with the possibility to start it with an attractive salary level. A bachelor’s or master’s degree from CBS opens up great opportunities for your professional future career.

What makes studying at CBS special? Why should you study at CBS?

The demands of the CBS: to convey practical business content with an international focus and in a personal atmosphere can only be realised with the appropriate resources. We invest in:

  • a modern service system at the university

  • new teaching technologies and equipment

  • up-to-date curricula

  • various partner companies and foreign universities all around the world

This means that we offer our students everything they could wish for in their studies. We have summarised the best reasons why you should study at CBS and why it is worth it.

Do you also want to become a part of CBS but you are not sure how you can finance your studies? Here you can find our financial aid tips and some possible ways to finance your studies.

Financial aid tips

BAföG – Federal Financial Aid

What is BAföG?

BAföG is short for Bundesausbildungsförderungsgesetz, or Federal Training Assistance Act, which enables young students to pursue the study programme that fits them the most, and provides state funding giving many young students the opportunity to take up education, that they could not be able to finance otherwise.

How to apply for BAföG?

Being a state-recognized university, CBS students are entitled to apply for a BAföG grant. BAföG can be applied for at the Federal Administrative Office via the Cologne Student Union (Kölner Studierendenwerk). Regardless of which campus you apply for, the Studierendenwerk in Cologne is the responsible party for all our students as our headquarters is based in Cologne. Whether you receive such a subsidy will be decided on a case-by-case basis. The decision is based on your income and assets as well as those of your family. You can find further information on the website of the Federal Ministry of Education and Research.

Apply for a BAföG now


Scholarships to study in Germany

Fun Fact: Many scholarships in Germany don’t get granted because no one or too few applicants apply for them!

CBS offers you its own scholarship programmes to finance your studies, various programmes offer students the chance to be granted with financial support in the form of a scholarship. Below you can find a list of available scholarships for students to study in Germany which you might find useful.

Here is a list of leading scholarships in Germany for students:

You can also find a wide range of scholarships under the following links:


Student loans, education funds & financial aid in Germany

Many prospective students are initially deterred by a loan. But it’s a great way to finance your studies if you choose the right student loan that matches your career goals. Many banks offer special loan programmes that provide financial support to students or trainees. The interest rates are comparatively low and offer a lot of flexibility. The best way to find out about your funding opportunities is to contact your local bank or an independent credit institution.

Learn more about the KfW student loans here

CBS offers its own financial aid programmes to support perspective students:

CBS Education Fund

Study first, pay later – sounds like a great way to finance your studies? The Reverse Intergenerational Contract (UGV) offers you that.

How does CBS Education Fund work?

This innovative model of study financing ensures that you do not have to pay any or only a part of the tuition fees at the CBS during your studies as our cooperation partner Brain Capital takes over all or part of them. After graduation, you pay back a percentage of your salary to the CBS education fund when you have reached a certain minimum income. The amount of the repayments depends on your income and supports the following generations of CBS students.

You can find further information directly on the website of our cooperation partner for the CBS education fund.


CBS Scholarship

We believe in the potential of young people and want to support them in shaping their future! For this reason, CBS awards up to four scholarships per campus each semester.

CBS International Business School grants scholarships to young people who have gotten outstanding results during their high school or their first degree. The aim is to open the way to CBS above all to those who otherwise wouldn’t afford studying at a private university. If the individual requirements are met, the applicants who have successfully completed the application receive a scholarship of up to 25 percent on the tuition fees. Learn more about the CBS Scholarship.

Who can apply for a CBS Scholarship?

Bachelor, Master, and MBA students who have successfully passed the selection process at the CBS and are about to start their first semester. The programme is open to both national and EU  students. Regardless of full-time or part-time.

Who will get sponsored for a CBS Scholarship?

We particularly support students with outstanding records. Important for the Best Performer scholarship is your high school GPA (For Bachelor prospective students) or Bachelor’s GPA (For Master perspective students). A letter of recommendation can also underline your high performance and make your application particularly stand out.

For a Social Engagement Scholarship, you must prove your social commitment. This may involve voluntary work in a sports club, in refugee aid or in other non-profit organisations. You can convince the selection committee with your charitable talent in the artistic, sporting or social field.

How to apply for a CBS Scholarship? and when is the application deadline?

The deadline for the summer semester (Only in Campus Cologne) is the 12th of November 2021. The deadline for the winter semester 2021 (all campuses) is the 12th of June 2021. Please note that we only accept applicants who have successfully completed the admission process.

Please use our online form for your application and submit the following documents:

  • A tabular curriculum vitae

  • A motivation letter explaining why CBS should sponsor you

  • An officially certified copy of your last certificate (High school certificate for Bachelor’s students or Transcript of Records for Master’s students)

  • For the Social Engagement Scholarship: proof of your social commitment

How much is the funding of CBS Scholarship?

All scholarship holders are granted a 25 percent exemption from the complete tuition fees for their study programme at CBS. The scholarship starts with the first semester and is valid as long as you are enrolled at CBS in the regular study period.

Apply for a scholarship now!

Scholarships for International Students in Germany

This scholarship is designed exclusively for new international students (Bachelor, Master, MBA) who intend to study at CBS International Business School in Germany. All highly motivated international applicants are given the opportunity to receive a one-time 3.000 € scholarship of the total tuition fee (1.500 € for MBA Fast-Track), if they fulfill the following requirements:

  • The applicant must be a non-EU citizen (EEA applicants please refer to the CBS-scholarship)

  • A full application for a CBS programme (Bachelor, Master, MBA)

  • The applicant provides excellent academic achievements


  • Proof of extracurricular activities in a social and cultural field


  • A letter of motivation (1-2 pages) that states your enthusiasm to study at CBS and in Germany (For Master and MBA applicants: One letter of motivation is sufficient for both the scholarship and the study programme)

Please note that a separate application for the scholarship is not required, the eligibility will automatically be checked during the application process, provided that all required documents have been submitted.


How to finance your semester abroad?

With the globalisation of jobs, companies are looking for people who understand global markets and lead teams in multicultural environments. A semester abroad can be a great opportunity for students to get the skills necessary to work in an international environment.

However, the big question remains, how do I finance my semester abroad? Here are some possible ways to do that:

BAföG for a semester abroad

Federal Education Assistance (BAföG) for can be applied for for the purpose of a semester abroad / internships abroad and it usually attainable after a year of commencing your studies.

A BAfög for a semester abroad could be granted even to students who do not get BAföG domestically in Germany. Students who are not eligible to get a domestic BAföG in Germany due to their parents’ income may be eligible for for a semester abroad funding. Check eligibility for your semester abroad. Information on BAföG can be found in our brochure on financing. You can also find more information here.

DAAD Scholarships

The DAAD (Deutscher Akademischer Austauschdienst) (German Academic Exchange Service) Scholarship in Germany is one of the worlds’ biggest financing institutions for international students. Since its foundation, it has helped and financed around 2 million students in Germany and abroad.

For information about the German Academic Exchange Service (Deutsche Akademische Austauschdienst DAAD), please get our brochure on financing or visit the DAAD website.

ERASMUS Scholarships

ERASMUS is a European exchange programme that helps students to study a semester abroad in many of their partner countries. A semester abroad would help to gain skills that are valued in today’s business environment.

The amount of the scholarship may vary depending on the chosen destination country, and the number of applications received.

The ERASMUS scholarships are directly awarded by CBS. For information, see our brochure on financing, or visit the European Commission website.

Additional Information

Student Jobs/Part-Time Jobs

Working part-time during your studies in Germany is a great way to earn some experience and to cover your living expenses. Germany offers various opportunities when it comes to finding a part-time student job.

According to the law, international students (non-EU students) can work up to 120 full days or 240 half days in a year.

However, one should bear in mind the impact of such earnings on other financial sources of income. If the monthly income is above 450 €, student loans like BAföG will be reduced. Learn more about working as a student in Germany here.

In addition, CBS provides employment to its students in various fields, whether in teaching as a student assistant or in different departments of the administartion. In addition, our Career Service posts multiple student job vacancies throughout the campuses.

Contact our International office or career service for more information.

Parental income

To get your German visa student visa, you need to provide the German embassy with a proof of your financial resources. If your parents are able to finance your studies, all you have to do is provide the German embassy with a bank statement to show the means that you will use to cover your living costs and finance your studies in Germany.

Tax Deductbility

All costs associated with studies are generally tax deductible. For detailed information, please contact a tax advisor or one of our financial advisors.

Submit your scholariship application now!

Anika Zaeske

Anika Zaeske

Study advisory: Campus Cologne
Got any questions? We are happy to help!

+49 (0) 221 93 18 09-31
Leah Krug

Leah Krug

Study advisory: Campus Mainz
Got any questions? We are happy to help!

+49 (0) 6131 88055 31
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