FOM Hochschule - University of Applied Sciences for Economics and Management

FOM Hochschule acknowledges the importance of attracting diverse talent and therefore offers several scholarship opportunities to international students. These scholarships aim to support exceptional students who demonstrate academic excellence, leadership potential, and a strong their field of study.

Merit-Based Scholarships: These are awarded to students with outstanding academic records or achievements in their previous studies. Recipients are usually selected based on their GPA or equivalent academic performance indicators.

Need-Based Scholarships: Aimed at supporting students who might face financial constraints in pursuing higher education. These scholarships consider the applicant's financial situation and academic potential.

Specific Program Scholarships: Some scholarships are tailored for particular programs or fields of study within the university. These could be industry-sponsored scholarships or those focusing on certain disciplines.

International Exchange Scholarships: Designed for students participating in exchange programs, encouraging cultural diversity and international cooperation.

Finances

Studying abroad at FOM Hochschule involves comprehensive financial planning. Understanding the financial landscape is crucial for international students. 

Financial Aid: FOM Hochschule offers various financial aid options to assist international students in managing the costs associated with education. Scholarships, grants, and other financial aid programs are available based on academic merit, financial need, and specific criteria set by the institution. These aids aim to alleviate tuition fees and sometimes cover living expenses.

Part-Time Work Opportunities: Germany provides opportunities for international students to work part-time while pursuing their studies. FOM Hochschule's location in Germany opens doors to diverse part-time job opportunities that can help students gain practical experience and supplement their finances. However, it's important to balance work commitments with academic responsibilities.

Financial Planning and Support: The university offers guidance and support to aid students in financial planning. This includes resources on budgeting, understanding living costs, and navigating financial responsibilities while studying in Germany. FOM Hochschule's advisors assist students in making informed decisions about managing expenses and planning their finances effectively.

Financial Responsibility: International students are responsible for managing their finances during their stay in Germany. This includes paying tuition fees promptly, budgeting for living expenses, and ensuring compliance with visa and residency permit financial requirements.

Financial Counseling: FOM Hochschule provides access to financial counseling services for international students. These services offer personalized guidance on financial matters, addressing concerns about scholarships, budgeting, banking procedures, and understanding the German financial system.

Cost Of Living

Germany, while known for its high-quality education and vibrant lifestyle, also offers a diverse range of living costs that students and residents should consider.

Off-Campus Accommodation: The cost of off-campus accommodation varies across cities. In major urban centers like Berlin or Munich, renting a one-bedroom apartment can range from €600 to €1,200 per month, while smaller cities may offer more affordable options.

On-Campus Accommodation: On-campus housing is available at many universities, providing a convenient and cost-effective option. Costs vary, but on average, students can expect to pay between €200 and €400 per month for a dormitory or student residence.

Transportation Cost per Month: Germany has an efficient public transportation system. Monthly transportation costs for students using buses and trains typically range from €60 to €100. Cities with extensive public transport networks often offer discounted student passes.

Food Cost per Month: Monthly food expenses depend on lifestyle and dietary choices. On average, students can budget between €150 and €250 per month for groceries. Exploring local markets and discount stores can help reduce costs.

Utility Cost per Month: Utilities, including heating, electricity, and internet, can amount to around €150 to €250 per month. Some rental agreements may include certain utilities, so it's important to clarify this with the landlord.

Entertainment Cost per Month: Entertainment costs vary based on personal preferences. Budgeting around €50 to €100 per month for leisure activities, cultural events, and occasional dining out is a reasonable estimate.

Groceries Cost per Month: Grocery expenses are a significant component of the cost of living. While costs depend on individual choices and dietary preferences, an average monthly grocery bill for one person is approximately €150 to €250.

Clothes: Clothing expenses vary widely based on personal preferences and shopping habits. Thrift stores and sales events can be budget-friendly options. On average, individuals may spend around €30 to €50 per month on clothing.

Yearly Living Expenses: Considering all these factors, the yearly living expenses for a student or a single person in Germany can range from €8,000 to €15,000, depending on the city, lifestyle, and accommodation choices. This estimate covers accommodation, food, transportation, utilities, and personal expenses.

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