Tuition fee might be postponed, but no later than December 1 in the Autumn semester and May 1 in the Spring semester; or can be payed in installments no less than 30 % of the semester tuition fee before the first month of each semester and dividing the remaining sum to one or two instalments which have to be paid before 1 December in the Autumn semester and 1 May in the Spring semester.
SCHOLARSHIPS
Nasdaq Vilnius Services Scholarship
„Nasdaq Vilnius Services scholarship“ for the students of Quantitative Economics at Vilnius University Faculty of Economics and Business administration.
At the beginning of the academic year three scholarships shall be awarded for students of the Quantitative Economics programme at Vilnius University. It is paid in equal instalments in the autumn and spring semesters.
The scholarship shall be awarded based on an assessment of:
- academic achievements (a weighted average of at least 7 for the previous year of study);
- motivation (candidates' motivation and alignment with the values of the founder of the scholarship, as assessed during the commission's interviews with the candidates; assessment of the motivation letter; actively involved in scientific and/or social activities; have an interest in the financial technology market - have practical knowledge and plan to pursue a career there.)
The scholarship shall be available to students of Quantitative Economics at Vilnius University. The same student can only receive the Scholarship once for the same achievements.
The application for the scholarship must be submitted by 6th of November (inclusive) to the VU FEBA Studies Office, which will be evaluated by a specially appointed jury consisting of a representative of the Faculty of Economics and Business Administration, a representative of the University's Students' Union and one “Nasdaq” representative.
The Bank of Lithuania Scholarship
Bank of Lithuania scholarship for the most advanced students of Quantitative Economics at Vilnius University Faculty of Economics and Business administration.
One-off scholarship equals 5 MMAs (minimum monthly salary level set by the Government of the Republic of Lithuania). At the beginning of each academic year three scholarships shall be awarded, one for each year of the Quantitative Economics programme students at Vilnius University. The scholarship shall be awarded twice a year: the amount of 2.5 MMAs due to October 15th of the current year and the amount of 2.5 MMAs shall be due to February 15th of the current year.
The scholarship shall be awarded based on an assessment of:
- academic achievements (students’ exam scores and entrants’ entry scores);
- motivation (assessment of the motivation letter, a written recommendation of the mentor assigned to the student (entrants do not need to provide this) and motivation during the interview).
The scholarship shall be available to students of Quantitative Economics at Vilnius University unless they have any unfulfilled academic requirements or work for more than 20 hours per week. The same student may receive the scholarship for several consecutive years.
The application for the scholarship shall be submitted in free form and must be submitted by September 15th (inclusive) to the Human Capital Division of the Strategy and Governance Department at indicating ‘Regarding the award of the scholarship’ in the preamble.
VU FEBA Admission Scholarship
Ten one-off Scholarships equal to 1000,00 EUR each will be awarded for the most motivated and competent international students applying to the Bachelor's and Master‘s programmes of Faculty of Economics and Business Administration.
The Scholarship is payable directly to the successful applicant after their arrival to study at Vilnius University Faculty of Economics and Business Administration.
Eligibility:
Candidate from any foreign country will be awarded after successful admission procedure and motivation interview to any Bachelor's and Master‘s study programme at Vilnius University Faculty of Economics and Business Administration. The ranking of best students will be made after motivation interview where students get points depending on their grades, motivation to study in Lithuania, Vilnius University and chosen study programme. If different students get same score, then grades average is compared, if also coincides the higher motivation score will be evaluated. To get the scholarship students must pay first tuition fee for their studies.
Scholarships To Get During the Study Period
All students of the University can apply for different scholarships during the study period. The way these scholarships are disbursed is stipulated by the Vilnius University Scholarship Regulations and the Lithuanian Law. More information
Incentive Scholarship – a monthly scholarship for students with excellent learning outcomes. The scholarship is granted for students every semester for the results of the previous semester – in March for the results of the Autumn semester and in October – for the results of the Spring semester.
The provided amount (60,00 EUR or 100,00 EUR) depends on the learning outcomes (the student's place in the rank of students each semester). Around 10 % of the course students get the incentive scholarship.
One-Off Social Scholarship – a scholarship, provided in the case of financial problems caused by such unfortunate events as the illness of the student or a family member, the death of a relative, natural disaster and so on. Applications for the scholarship can be filled at the eStudent environment anytime throughout the study period.
The size of the scholarship (from 80,00 EUR to 480,00 EUR) highly depends on how difficult the situation is to the applicant.
One-Off Earmarked Scholarship – a scholarship granted for students with relevant achievements in sports, cultural and scientific/social activities. The application for the scholarship with the required documents could be submitted to the eStudent environment until 25 March in the Spring semester and until 25 October in the Autumn semester.
The size of the scholarship (form 40,00 EUR to 600,00 EUR) depends on the achievements.
Nominal Scholarship – a scholarship granted for students based on certain fields of activity for their achievements or contributions in these fields. The grounds and principles of granting nominal scholarships are established in the regulations of a specific nominal scholarship and/or support agreement. Please contact the Academic Core Unit where you study to find out your options.
Social Scholarship – a scholarship (260,00 EUR) provided by the State Studies Foundation granted for students who meet at least one of these requirements:
– If they come from a family with a difficult financial situation;
– If their working ability is reduced to 45 % or more;
– If they are not older than 25 and have been granted guardianship before their full legal age.
You can only be granted the social scholarship if you as well are a citizen of a European Union (EU) of European Free Trade Association (EFTA) member country, or if you are an international student (citizen of non-EU or non-European Economic Area country) and have been granted permanent residency in Lithuania (not applicable for foreigners of Lithuanian origins).
The applications for social scholarships have to be submitted to the State Studies Foundation from the 15 September until 10 October in the Autumn semester and from 20 January until 20 February in the Spring semester. Please contact the State Studies Foundation for more detailed information.
Lithuanian state scholarships for full-time Master’s degree
Education Exchanges Support Foundation created 100 Lithuanian state scholarships for full-time Master’s degree or integrated studies (a maximum of the two last years of the integrated studies) at Lithuanian higher education institutions for the year 2023. Funding under the Call will be provided to the citizens of Armenia, Azerbaijan, Belarus, China, Georgia, Israel, Japan, South Korea, Moldova, Ukraine, and foreigners of Lithuanian origin from non-EU and EFTA countries:
- A monthly scholarship and a grant covering the study cost is offered to citizens of Ukraine (60 grants); Belarus (10 grants); Armenia, Georgia, foreign citizens of Lithuanian origin, Moldova, (20 grants altogether); Azerbaijan (5 grants).
- A monthly scholarship is offered to citizens of China, Israel, Japan, and South Korea (5 grants altogether).
A monthly scholarship is equal to 490 euros. The grant covering the study cost is limited to and cannot be higher than the national standard study price.
Requirements:
Candidate must hold a Bachelor’s degree by the end of 2022/2023 academic year or be a 4th-year student of integrated studies if the studies last 6 years/3rd-year student of integrated studies if the studies last 5 years at a Lithuanian higher education institution.
Also, the candidate must have an official letter of acceptance or pre-acceptance for full-time Master’s degree studies from a Lithuanian higher education institution. In case of integrated studies, the candidate must have an official confirmation letter issued by a Lithuanian higher education institution certifying that the candidate is studying an integrated study programme and indicating the year of studies.
Important dates:
22 May 2023:deadline to apply for the scholarship. The online application system will be closed at 11.59.59 p.m. Vilnius European time;
1 June 2023:notification of applicants about the eligibility of applications;
1 July 2023: notification of eligible applicants about the final results.
More information: https://studyin.lt/scholarships/full-time-master-degree-studies/
Support for Foreigners of Lithuania
Social Scholarship – provided for students in a tender row based on the study programme and the year of studies, the form of the studies and the achievements. The scholarship (130,00 EUR) is granted each semester and is disbursed every month.
Social Disbursement – granted for foreigners of Lithuania who meet one of these requirements:
– Students of age 26 and under, whose both parents or guardians are dead (319,00 EUR);
– Students of age 26 and under, whose one of parents or guardians is dead (261,00 EUR);
– Students of age 26 and under, whose one of parents or guardians has a disability (232,00 EUR);
– Students of age 26 and under, who come from large families where at least 3 underage children or young adults (of age 26 and under) are enrolled on formal education programs (203,00 EUR).
The applications for social scholarships and social disbursements have to be submitted to the State Studies Foundation until September 30 in the Autumn semester and February 20 in the Spring semester. Please contact the State Studies Foundation for more detailed information.
State Scholarship for the Lithuanian Language and Culture Courses
Education Exchanges Support Foundation takes pleasure in offering Lithuanian state scholarships for students, lecturers and researchers of foreign countries to attend Lithuanian language and culture courses.
More information.
STATE FUNDED PLACES AND LOANS
State-Funded Places for Bachelor Students
Citizens of the Republic of Lithuania or other member states of the European Union (EU), European Free Trade Association (EFTA), persons (non-EU/EFTA) granted a right of permanent residence in the Republic of Lithuania, children, grandchildren and great-grandchildren of the Diaspora and people of Lithuanian origin, can apply for the State-Funded Place in the programme.
For more information, please follow this link or contact us by e-mail at
State-Supported Loans
Students are granted the possibility to apply for State-Supported Loans that are issued through a selected bank for one academic year. Loans can be given in these cases:
– To cover the tuition fee. The maximum amount equals the yearly tuition fee for the study programme you attend. This loan is paid directly to the account of the University;
– To cover living expenses. The maximum amount currently is 2000,00 EUR per year. This loan is paid in equal monthly instalments until 1 July to the borrower's personal account (for last year students until graduation);
– For partial studies abroad. The maximum amount currently is 2400 EUR, to be paid all at once to the borrower's personal account.
The loan repayment period begins no later than 12 after graduation, or termination of studies and is repaid within no more than 15 years from the beginning of the repayment period.
The applications and disbursements of the study loans are carried out by the State Studies Foundation. Please note that there are requirements that you must meet in order to be able to apply for the loan. More information
TUITION FEE POSTPONEMENT/PAYMENT BY INSTALMENT
Students who pay for their studies can apply for:
– Postponement of tuition fee for the semester for no later than December 1 in the Autumn semester and May 1 in the Spring semester;
– Semester tuition fee payment by instalments – paying no less than 30 % of the semester tuition fee before the first month of each semester and dividing the remaining sum to one or two instalments which have to be paid before 1 December in the Autumn semester and 1 May in the Spring semester.
Applications for both of the options are only available form the second year of the studies for those admitted via the admission system at apply.vu.lt. Applications are welcome during the first month of each semester via the eStudent environment.
TUITION FEE REDUCTION & COMPENSATION
– For students actively engaged in scientific research at the University, for one semester.
Up to 100 % of the semester tuition fee could be reduced for the students who are champions or prize winners of the world or European student research contests, co-authors of inventions patented by the European Patent Office (EPO), the United States Patent and Trademark Office (USPTO), or the Japan Patent Office (JPO).
From 30 % to 90 % of the tuition fee could be reduced for students, who are champions or prize winners of Lithuanian research contests.
– For students actively engaged in cultural activities at the University for the period no less than two years, for one semester.
From 30 % to 90 % of the fee could be reduced for students, who as members of the University’s performance art groups, have represented the University and become winners of awards and prizes at international and national music, theatre, choir, folklore contests or festivals.
– For students actively engaged in sports and so representing the University, for one semester.
Up to 100 % of the fee could be reduced for sportsman students if they are members of or candidates to the national Olympic team, world champions and prize winners in adult or youth competitions of their chosen branch of sport, European champions and prize winners, champions and prize-winners of world student championships.
From 30 % to 90 % of the fee could be reduced for students, who are champions and prize winners of Lithuanian championships, SELL (Baltic Student Games) champions and prize winners, champions of Lithuanian student games, members of Lithuanian national adult and youth teams, members of the University teams.
– For employees of the University (with the possibility to distribute the payments within semesters).
Up to 70 % of the tuition fee could be reduced for employees of the University who have been working at the University part-time or full-time for at least 10 months.
More information regarding the reduction of tuition fees could be found at the Description of the Procedure of Payment, Reimbursement, and Recovery of Tuition Fees at Vilnius University.
Tuition Fee Compensation
– Be eligible for State-Funded study places at Lithuanian higher education institutions (Citizens of the Republic of Lithuania or other member states of the European Union (EU), European Free Trade Association (EFTA) or the United Kingdom (UK), persons (non-EU/EFTA/UK) granted a right of permanent residence in the Republic of Lithuania, children, grandchildren and great-grandchildren of the Diaspora and people of Lithuanian origin);
– Have no academic debts;
– Have reached the excellent or typical level of learning achievements.
The list of students who have achieved the best learning outcomes is provided to the State Studies Foundation by the University. Tuition fees are compensated every year. Students granted tuition fee compensation are informed personally and are ought to submit an application for the compensation to the State Studies Foundation. You can get more information by contacting the State Studies Foundation.
TRANSFER TO SATE-FUNDED PLACES
– They are eligible for State-Funded places at Lithuanian higher education institutions (Citizens of the Republic of Lithuania or other member states of the European Union (EU), European Free Trade Association (EFTA) or the United Kingdom (UK), persons (non-EU/EFTA/UK) granted a right of permanent residence in the Republic of Lithuania, children, grandchildren and great-grandchildren of the Diaspora and people of Lithuanian origin);
– They comply with the criteria of good study performance;
– There is an available State-Funded place after a student at the same study same field of study, the same form and the same course is expelled from the University, or terminates the studies. In cases like this transfer is proceeded twice a year, during the first month of each semester;
– There is an available State-Funded place after a student in the same field of study, the same form and the same course loses their State-Funded place during rotation. In cases like this, State-Funded places are filled once a year, after the rotation – before 15 October.
Information regarding available State-Funded places is announced by the Academic Core Unit on their website and on the eStudent environment.
The transfer of students to and from State-Funded places is proceeded by each of the Academic Core Units following the temporary Description of the Procedure for the Rotation and Ranking of Vilnius University Students Based on their Learning Outcomes.
More information regarding assessment and rotation could be found here
