Study Finance

ISM international students, especially those from India, also have the opportunity to apply for a scholarship from the We Make Scholars (WMS) platform. We Make Scholars is a not-just-for-profit organization which is funded and supported by the Government of India that focuses on international education scholarships and funding.

WMS is one of the ways to fund your study abroad in Europe because it provides an online platform which allows you to apply to thousands of international scholarships and to get the best education loan that matches your needs.

For more information, please visit WMS website.

There are many foundations where scholarships can be applied for by our international students. You can find information on scholarships and types of funding on the following websites: mystipendium.de, stipendiumplus.de, stipendienlotse.de.

In addition, there are numerous private foundations without denominational or party ties. To get an overview, we recommend a look at the website e-fellows.net.

Dortmunder-Volksbank-Foundation Scholarship

The Dortmunder-Volksbank-Foundation awards for each - spring and fall term - a semester abroad scholarship in the amount of 2500 Euro unique to 4th semester (Bachelor) or 3rd semester (Master) students of ISM in Dortmund. In the 3rd Bachelor semester and 2nd Master semester the students choose from the university network of the ISM another university, where they spend their integrated term abroad.

Often the choice of a foreign university depends on the costs, course content and location of the partner university. Therefore, the Dortmunder-Volksbank-Foundation in cooperation with the ISM Funding Committee want to enable highly qualified students to choose the desired university without financial worries. For more information, please visit our Study Financing Brochure (PDF).

Study first, pay later: The "Reverse Generation Contract" (UGV) is an innovative model for financing studies. The ISM education fund is available to students from full-time programs.

During their studies, students do not have to pay any or only pay a part of the tuition fees. After completing their studies, and only if they have reached a stable minimum income, those receiving support make an income-related contribution back to the ISM education fund. The amount of the repayments is linked to the income earned and thus to the personal ability to pay.

To apply, you need to be a citizen of a EU-country or hold a permanent, unrestricted work and resident permit for a EU-country. Basic knowledge of German is required as well. If you meet these requirements, you can apply.

When reviewing the applications, we pay close attention to your academic and practical experiences. The student contract with the university does not yet have to be signed.

These payments enable subsequent generations of ISM students to complete their studies without the burden of tuition fees. In this way, the "old" finance the studies of the "young".

From the 5th Bachelor semester and for all Master students, there is also the possibility of using the Education Loan of the Federal German Education & Research Ministry (BMBF Bundesministerium für Bildung und Forschung) at very favorable conditions, also for their time of studying abroad. Please read more about the exact conditions of the education loan.