Financial Support Financial Support

Students completing their degree at LUT could be eligible for financial assistance for their studies: either student financial aid from the Social Insurance Institution of Finland (Kela) or an adult education allowance from the Education Fund.

The student financial aid services of LUT will be closed down from 1.1.2018 onwards. You find more infomation about it here.

 

On Kela's web site:

About student's own income

About the academic progress

LUT Scholarships LUT Scholarships

Scholarships are usually granted for one academic year, i.e. for two semesters at a time, but can be extended for programmes longer than two semesters provided that study results meet the scholarship criteria. The student must display excellent results after the first year to be entitled to a scholarship for the second year. A mandatory check of the student's results is made already after the first semester.

In any scholarship-related questions or concerns please send an e-mail to scholarships@lut.fi

Full scholarships
LUT University offers Full scholarships (including living costs) based on academic excellence to support the studies of international degree students at our university.

Please note that there is a very limited number of Full scholarships (including living costs) available for students in certain programmes, and they have to be applied for while applying to LUT - it is not possible to apply for a Full scholarship after starting your studies.

If you need to take a break from your studies (for example due to illness), you need to inform LUT immediately and LUT has the discretion to consider the circumstances and decide whether the payment of the scholarship can be continued.

The maximum period for a Full scholarship is 20 months (two academic years).

Living cost scholarship and additional funding/ salary

The living cost scholarship is for supporting your studies at LUT. If the student receives other funding or salary during his/her studies at LUT, the student is obligated to inform LUT immediately. Further, if the additional funding (other scholarship etc.) period overlaps with any part of the scholarship period, the student is obligated to return the amount of living cost scholarship corresponding to the overlapping time period. If the amount of additional funding is less than living cost scholarship's amount, the student is obliged to return the amount corresponding the additional funding. Should the student fail to do so, LUT may terminate the living cost scholarship wholly and seek to recover its repayment. If LUT decides to seek to recover the repayment of the scholarship, the student is obliged to follow the payback period provided by LUT.

However, the student may work outside the university during the scholarship period. If student's monthly salary is less (gross earnings before taxes) than the monthly living cost scholarship's amount, there will not be any reduction on his/her scholarship.

LUT may also seek to recover the repayment of the scholarship ex post.

Criteria for using your option for second year scholarship

If you have had a scholarship for your first year of studies at LUT, you do not need to apply for a second year scholarship. You will automatically be granted a second year scholarship if you have succefully completed at least 55 ECTS during first year. Courses have to be from your Personal Study Plan (PSP), meaning you need have enough credits that fit to your degree and they must have been completed during your first academic year studying MSc at LUT. You will be requested to send your academic transcript and Personal Study Plan in May to verify your eligibility.

Please note credit transfers from your previous studies are not counted for the number of credits required (55 ECTS) for second year scholarship. For example, if you have started your MSc studies at LUT in August 2016, any studies that you may have from previous academic years will not be counted.

Second year scholarship decisions are made in late June.

Application period and criteria for second year tuition fee scholarship

If you have a 50% tuition fee scholarship for your first year, or if you did not receive any scholarship for the first year, you can apply for a 100% tuition fee scholarship for the second year. There is no application period for the living cost part of the scholarship (Full scholarship) and it is not possible to get a living cost (Full) scholarship for your second year if you did not have a Full scholarship for the first year.

You are able to apply for a 100% tuition fee scholarship for the second year if you have completed a minimum of 60 ECTS credits of studies included in your degree structure with a GPA of 4.25.

Please note that credit transfers from your previous studies are not counted for the number of credits required (60 ECTS) for the second year scholarship.

The application period for second year tuition fee scholarships is in May.

Tuition fee scholarship decisions are made in late June.

Frequently asked questions

For how long can I have a scholarship?
You are able to have the scholarship for a maximum of 2.5 years. For the Double Degree students, the maximum period is 1.5 years.

What are the requirements for having the scholarship for the second academic year as well?
You are required to have completed a minimum of 55 ECTS credits of studies that are included in your degree structure and in your PSP (Personal Study Plan) during the first academic year. These credits have to be included in your Transcript of Records by the end of the academic year i.e. by July 31 at the latest.

For Double Degree students, the requirement for the second year scholarship is 50 ECTS credits if you have completed your Master's Thesis, and 30 ECTS credits if you have not yet completed your Master's Thesis.

What are the requirements for having the scholarship for the 5th semester as well?
If you have completed your Master's Thesis, you are required to have accumulated (in total) a minimum of 105 ECTS credits of studies that are included in your degree structure and in your PSP (Personal Study Plan) by the end of your 2nd academic year. These credits have to be included in your Transcript of Records by the end of the academic year i.e. by July 31 at the latest.

If you have not completed your Master's Thesis, you are required to have accumulated (in total) a minimum of 80 ECTS credits of studies that are included in your degree structure and in your PSP (Personal Study Plan) by the end of your 2nd academic year. These credits have to be included in your Transcript of Records by the end of the academic year i.e. by July 31 at the latest.

If you had a Full Scholarship for your second year, please note that during the 5th semester your scholarship no longer covers for living costs, but only for the LUT tuition fee.

Do I have to pay taxes for a scholarship?
You do not have to pay taxes for the scholarship. If you have for example a part-time job, the taxation for the job is done separately, so it does not affect the scholarship.

I was granted a scholarship when admitted to a Master's Programme. Now I wish to apply for another Master's Programme. Do I get to keep the scholarship?
The scholarship is granted for a certain Master's Programme; if you wish to apply to another programme, you will lose the scholarship that was originally granted to you and have to apply for a new one.

I was not granted a scholarship for my first academic year, but I have been successful in my studies at LUT. Do I have a possibility to get a scholarship for the second year?
You are able to apply for a scholarship for the second year, if you have completed a minimum of 60 ECTS credits of studies included in your degree structure with a GPA of 4.25.

I'm applying for an extension of my residence permit for second year studies and I need to report my financial situation to the immigration services. When will the second year scholarship decisions be made?
Second year scholarship decisions are made in late June, when the results of the spring semester's courses are available in the study registry. Before that you can request a document from Student Services for immigration which explains the timetable of the LUT scholarship decisions. It helps you to proceed with the application process for your residence permit extension.