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.

Student financial aid services


The student financial aid services of the Student Services Center deal with financial aid applications of LUT students, and assist in any matters related to student financial aid. See opening hours here.

Student Financial Aid Services is closed on Friday 8.9.

Changes to financial aid and housing assistance for students, 1 August 2017

On Kela's web site:

About student's own income

About the academic progress

LUT Scholarships LUT Scholarships

Lappeenranta University of Technology (LUT) offers living cost scholarships based on academic excellence to support the studies of international degree students at our university.

Please note that there are a very limited number of full scholarships available to students in certain programmes and they have to be applied to while applying to LUT - it is not possible to apply for a scholarship after having started your studies.

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

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

Maximum period for scholarship is 20 months (two academic years).

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

 

Living cost scholarship

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 obliged to inform LUT immediately. Further, if the additional funding (other scholarship etc.) period overlaps with any part of the scholarship period, the student is obliged to return the amount of living cost scholarship corresponding 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, student may work outside the university during the scholarship period. If student's monthly salary is less (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 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 possible studies 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

Application period for second year tuition fee scholarship is in May. You can apply for tuition fee scholarship if you have 50 % tuition fee scholarship or you did not receive any scholarhips for the first year. There is no application period for living cost part of scholarship and it is not possible to get a living cost scholarship for your second year if it has not been granted to you for the first year either.

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.

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


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 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.

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 completed a minimum of 105 ECTS credits (50 ECTS credits for the Double Degree students) of studies that are included in your degree structure during the 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 completed a minimum of 80 ECTS credits (30 for the Double Degree students) of studies that are included in your degree structure during the 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 been granted a Full Scholarship, please note that the scholarship for the 5th semester does no longer cover for the living costs, but only for the 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 on 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 for 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 with 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 extension of my residence permit for second year studies and I need report my financial situation to the police. When the second year scholarship decisions will be made?
Second year scholarship decisions are made in late June after the results from the spring semester's courses are available in study registry. Before that you can get a document from Student Services which explains the timetable of scholarship decisions. It helps you to proceed with your residence permit extension application.