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Financing your Studies

Fees and Tuition

The University of Bonn does not raise tuition fees: German taxpayers cover the costs of the Master program for both German and international students. However, enrolled student need to pay the Sozialbeitrag (the social service fee) of app. €310 per semester (the up-to-date figure can be found here). A semester ticket for public transportation throughout the entire state of North-Rhine-Westphalia is included in this service fee.

Blocked account

Students requiring a VISA for their studies in Germany will need to provide proof of sufficient financial means by opening a Sperrkonto (a blocked account). Please, consult the Foreign Office's dedicated page for further information, including the amount you need to transfer to the blocked account.

Cost of Living

Costs of living, including accommodation, food, books, and medical insurance will amount to €700-800 per month. This is just an estimate, however, since costs may vary widely according to the type of accommodation students are choosing.

Scholarships

As the Univerisity of Bonn does not charge tuition, it also does not have funds for scholarships.

Some scholarships for exceptionally qualified candidates are available from various national organisations, such as e.g. the German Academic Exchange Service (DAAD). Please check their homepage for further details. You may also want to visit the website of the international office.

Student Loans

Students who decide to apply for student loans to finance their studies may want to consult the University's dedicated page.

Student Jobs

Students enrolled at a German university can work up to 20 hours per week without loosing their student status. However, the study workload that M.Sc. in Economics students are confronted with is not to be underestimated: students usually manage to work up to 10 hours per week. In 2020, a Master student can typically expect to be paid around €11 per hour (in any case never less than the German minimum wage). Some students jobs may require German language proficiency.

Interested students can find job offers on the dedicated pages of the University of Bonn (see here) and the Studierendenwerk of Bonn (see here).

Photo: Uni Bonn - Lannert

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