For many, a higher-educational degree is a MUST on the Resume; If only it weren’t for all the costs. However, that shouldn’t stop you from chasing your dreams and passions- especially in countries such as Austria, where student financing can be a viable option.
According to a social survey conducted in 2019 with students, the average student has approximately 1,216€ at their disposal per month, with the sum being made up of various sources. Learn more about how you can finance your studies in Austria and live your life to the fullest in Vienna, Graz or Linz with just a little help.
The average cost of studying in Austria lies at around 1.016€ per month. However, an ‘average’ seems of very little help, when costs depend so much upon your personal situation. To help better understand what your costs may look like, begin listing some of the fixed costs you know you will be encountering. These include:
For students that no longer can live at home to attend University (whether that’s because it’s too far away or it’s about time for the bird to leave the nest), family allowance is the most common financial support that students receive in Austria. Parents are legally obligated to support their children if they cannot support themselves- however, in certain financial situations, the government is able to offer assistance.
Did you know that 55 percent of students in Austria have received a student grant? Though grants are linked to conditions which you must fulfill and eligibility is often assessed on an individual basis, the odds are in your favour. To find out if you qualify, simply contact the relevant student aid office. You can find an overview of the funding options here:
Working a job is nothing unusual for students, even if they are adequately supported by their parents. A full 65 percent, work alongside their studies and do so for an average of 20.5 hours per week. This means, one can gain valuable work experience, make contacts and earn some extra cash. If you are the recipient a grant, it is essential to observe the additional earnings limits clause!
Juggling work and study can sometimes be challenging but you will quickly get to know your strengths and be able to improve and sharpen your profile, for future opportunities. Check the ÖH bulletin board for current job offers for students.
It is definitely worthwhile looking into the topic of scholarships in Austria. We have listed the most common types for you:
With the help of the online database for scholarships and research funding, you can get an overview and find the right scholarship for you.
If the above-mentioned funding options are not sufficient or do not apply to you, you can consider taking out a student loan. As a rule, you will then receive a monthly allowance. Less interest is charged when repaying a student loan.
If you find yourself in a financial emergency through no fault of your own, you can get advice from the Social Department of the ÖH-Bundesvertretung and apply for the Social Fund once per calendar year. This way, you will be supported if things turn out differently than expected.
You’re dreaming about your future as a student in Austria and would like to calculate your costs in advance? Then use the scholarship calculator. You receive assistance with the application on the website of the ÖH Bundesvertretung or at your respective scholarship office.
Once the financial part is settled, it’s time to start your student life! Save yourself the trouble of looking for an apartment and find the right MILESTONE apartment in Austria, right away.
Leider ist unser Central Customer Service & Reservation Center derzeit aufgrund der steigenden Covid-19 Fälle unterbesetzt.
Dies führt vorübergehend zu längeren Wartezeiten bei der Bearbeitung von Buchungen sowie E-Mails. Wir bitten dich um dein Verständnis und darum, deine Anfrage nicht mehrmals zu senden um eine schnellere Bearbeitung zu gewährleisten.
Vielen Dank für dein Verständnis!
Das MILESTONE Team
Unfortunately, our Central Customer Service & Reservation Center is currently understaffed due to the increasing Covid-19 cases.
This leads to longer waiting times when processing bookings and e-mails. We ask for your understanding and kindly ask you not to send your request more than once to ensure faster processing.
Thank you for your understanding!
Your MILESTONE Team