Luxembourg Scholarship for International Students

Luxembourg Scholarship for International Students | Studying in Luxembourg is quite an expensive venture. You will have to cover many university expenses such as registration costs, food and living, health insurance, and rent, amongst other heavy expenses you have to cater for. An average student in Luxembourg would need at least a budget of €1.805,56 to cater for their necessary needs.

Note: DO NOT be in a haste to read and go! Take your time. The information that can help you secure the scholarship may just be in a paragraphy you might have skipped. Alternatively, you can check around for more scholarship opportunities here.

That is why studying in Luxembourg via a scholarship route is very important. Various scholarship opportunities are open for international students interested in studying in Luxembourg. In this article, we have listed a few. If you are considering studying in Luxembourg, you can check out these scholarships for international students in Luxembourg.

Table of Contents

Advanzia Bank Scholarship

This scholarship is offered by Advanzia Bank to international students who are interested in pursuing a masters degree in Luxembourg. Especially a Master of Science in Finance and Economics at the University of Luxembourg.

The Advanzia Bank scholarship is made available every two years to one student. The scholarship award includes a monthly stipend of €500,00 per month to be paid in the first year (M1) for 12 months; then, the stipend will be increased to €750,00 per month in the second year for 12 months. In addition, the student will be given an internship opportunity in Advanzia Bank’s Risk department for six months in their fourth semester, as well as a summer job.

The scholarship award depends on the student’s good performance, and if this does not continue, the stipend with the monthly contribution will automatically end, and Advanzia Bank will select a new high-potential student.

Eligibility criteria

For an applicant to be eligible for the Advanzia scholarship, they must be enrolled in their Masters of Science in Finance and Economics, which is to be completed in two years at the University of Luxembourg.

Interested applicants are to send their motivation letter to the Study Programme Director.

The qualified students will be selected by the Director of Programme at the Master of Science in Finance and Economics after consulting with Advanzia Bank. After this, an interview with the student will be organized with the bank’s CFO and H.R. Department. The qualified candidate will be selected based on their past results and financial needs.

Suppose you speak excellent English and are interested in studying under the Advanzia Bank scholarship program. Send a mail to the school indicating your interest.

Single parent scholarship

For single parents who are faced with difficulties in completing their education. The Foundation Grande Ducale is offering a scholarship for single mothers pursuing higher education. The scholarship grant is worth €300 per month and is awarded based on merit in the form of housing assistance.

Allen Overy Scholarship Grant

This scholarship is for international students interested in getting a Bachelor’s degree in Law. The scholarship offers €5,000 per student to complete their law degree.

In addition to this grant, the students can participate in an internship program at Allen & Ovprogramice in Luxembourg. Recipients of this scholarship will also benefit from the mentoring and soft-skills development program provided by Allen & Overy.

This scholarship is open to two categories of students: one outgoing exchange student and one incoming exchange student who is a citizen of a state under the European Union.

To be eligible for this program, the student must be committed to undertaking studies for the Bachelor in Law at the University of Luxembourg. Also, exchange students at or from the Faculty of Law, Economics, or Finance, Citizens of Luxembourg, or a Member State of the European Union can apply for this scholarship.

The applicants will be nominated by the Director of programs and will be invited to submit these documents (in English, French, or German) together with their application:

Letter of motivation
Academic CV, including a copy of their diplomas, certificates, and any other official supplements to these
Proof of income of their parents/persons with parental authority, which must be confirmed by a copy of their tax return from the previous tax/financial year
Proof of residence in the Grand Duchy of Luxembourg or the Greater Region of Luxembourg
A certificate of enrolment at the University of Luxembourg.

Applications will be submitted via mail. Applicants with good academic performance have a high chance of being selected.

Baloise Fellowship & Scholarship

The University of Luxembourg, in a partnership agreement with Baloise Assurances Luxembourg S.A. and Baloise Vie Luxembourg S.A. in February, signed in 2020, offers international students a fellowship and internship program at the University of Luxembourg.

This scholarship is interested in applicants who intend to pursue a Bachelor’s degree in Applied Management or a Bachelor’s in Economics.

The stipulated duration for this program is three years, of which the cumulated stipend and internship duration will be covered. The scholarship awards a monthly stipend of €300 for the regular duration of the Bachelor program. Plus, an internship in one of its departments, payment will be made according to Baloise internship rules.

The scholarship is open to 5 students, and prospective applicants must be enrolled in the third semester of the Bachelor in Applied Management or the fourth semester of the Bachelor in Economics. And must not be registered in a subsequent Bachelor’s or Master’s program.

Applicants are to submit the following documents (in English, French or German):

Letter of motivation: the letter should indicate which department of Baloise the candidate would like to join during the internship.
Academic CV, including copies of their diplomas and certificates.
Proof of parents’ income confirmed by a copy of the previous year’s tax return.
Proof of residence in Luxembourg or the Greater Region of Luxembourg
An enrolment certificate at the University of Luxembourg (if selected, the student will have to submit such a certificate of enrolment to Baloise each semester)

Applications and documents should be submitted via mail.

A selection committee comprising the head of human resources and the head of Baloise (operations or corporate governance) will evaluate the applications based on the applicant’s good academic performance. The management of Baloise Assurances Luxembourg S.A. and Baloise Vie Luxembourg S.A. will then validate the final selection of scholarship recipients.

Pierre Werner Scholarship

The Pierre Werner Scholarship, organized by the Fondation Pierre Werner under the aegis of the Fondation de Luxembourg, awards annual scholarships to outstanding postgraduate students from other European countries in the fields of Law, finance, economics, and political sciences at the University of Luxembourg.

The Pierre Werner Scholarship awards €26,000 for one academic year to successful recipients. This scholarship may be divided into awards for up to four successful applicants.

The grant awarded to each student is fixed at €6,500 maximum. The number of students required is about three or four.

To be eligible for this scholarship, the candidate must be a citizen of any E.U. member state, excluding Luxembourg. Or be a citizen of a recognized candidate for future membership of the E.U. (Albania, Bosnia and Herzegovina, Georgia, Moldova, Montenegro, North Macedonia, Serbia, Türkiye, and Ukraine) The candidate must also be registered for PhD studies at the University of Luxembourg at the time of application.

Application procedure:

Candidates must submit a duly completed application form.
Submit a personal statement letter.
Academic CV, including a list of other publications (if any).
And two academic letters of recommendation

Applications are open from January 30 to March 25, 2024, and are to be submitted via mail.

After submissions, a selection committee comprising four professors from the University of Luxembourg (the Head of the Doctoral School in Law, the Head of the Doctoral School in Economics and Finance, the Head of the Institute of Political Science, and the Dean of the Faculty of Law, Economics, and Finance) will be put in place to evaluate the submitted applications based on the selection criteria put in place.

Four candidates will be selected and submitted to the Fondation Pierre Werner. The management committee of the Fondation Pierre Werner will then make the final selections.

PKF Fellowship and Internship

PKF Audit & Conseil firm, in collaboration with the University of Luxembourg, has signed a three-year agreement to provide fellowship and internship opportunities to students enrolled in the Master in Accounting and Audit offered by the Faculty of Law, Economics and Finance (FDEF). The PKF Audit & Conseil firm is a PKF International Network of accountancy firms with over 220 member firms in 150 countries. This scholarship is open to students enrolled in the Master’s level, studying Accounting and Audit.

The scholarship awards recipients a stipend to be paid in two installments over the second year of study and subject to a mid-term assessment of academic results by the Programme Director. Additionally, the student will be invited to pursue an internship in the PKF Audit Department.

Only one student is selected to receive this scholarship every year based on their outstanding academic performance. The student with the highest GPA at the end of the first year of the two-year Master in Accounting and Audit program will be selected for this scholarship award. If one or more students have the highest grade point average, one finalist will be selected by the PKF foundation.

The Félix Chomé Foundation

Each year the Félix Chomé Foundation awards several scholarships to deserving students either in the Master’s degree program, secondary school diploma ( classical or general/technical – issued and signed by the Luxembourg Ministry of National Education), or those pursuing higher studies in Luxembourg or abroad.

The scholarship awards a grant of €500 to €3,000, depending on the family and financial situation of the applicants, as well as their general academic performance.

This scholarship must be renewed for each new academic year. So, the student has to reapply as long as they maintain good academic performance.

Scholarship applications for the current academic year 2024-2025 are still open from February 1 to March 31 and must be made electronically via the website (bourse.fchome.lu).

You have to submit proof of success for your 2023-2024 diploma and results, and the certificate of registration for the academic year 2024-2025 must be added.

Eligibility and Requirements for Luxembourg Scholarship for International Students

To be eligible for the many scholarship awards offered to students who study in Luxembourg. You must meet any of these criteria.

Must be a citizen of any of the countries under the European Union (excluding Luxembourg).
Must be a citizen of a recognized candidate for future membership in the E.U. If you are from Albania, Bosnia and Herzegovina, Georgia, Moldova, Montenegro, North Macedonia, Serbia, Türkiye, and Ukraine, you are free to apply.
Must submit proof of citizenship.

If you fulfill any of these criteria, then you are eligible to apply for any of these scholarships. However, each scholarship has its own specific criteria, which you should read through before applying. The single-parent grant offers its own scholarship to single mothers; therefore, if you are not a single mother, you will not be considered.

Benefits of Luxembourg Scholarship for International Students

Applying for any of these scholarships comes with its own many benefits.

You are given monetary grants to cover your tuition fees and other school-related expenses.
You are also given monthly stipends to augment your living expenses.
Some of these scholarships offer internship opportunities where you can gain work experience and be exposed to various career opportunities.
The Advanzia Bank scholarship also has the possibility of you getting a summer job to help you earn more income.

These and many more are some of the benefits of these Luxembourg scholarships. Above all, getting a scholarship to complete your studies in Luxembourg is a once-in-a-lifetime opportunity to benefit you in the long run.

How to apply for Luxembourg Scholarship for International Students

If you are interested in applying for these Luxembourg scholarships, Here’s how to go about it.

Choose a study program: First, you must choose one. You can select a field of study peculiar to the scholarship you are applying for. Ensure you research properly and ask the right questions before applying for a study program.
Check your eligibility criteria: Once you have chosen a study program. Ensure you check if you are eligible for the scholarship. Some scholarships award a small number of students who meet their criteria; you have to ensure you are one of them. Most often, good academic performance is one notable criterion you must meet.
Prepare the required documents: If you have checked the criteria and seen that you meet them. Then, it’s time to prepare the necessary documents before proceeding with applications. The notable documents you might need include:

Letter of motivation/ Personal Statement.
Academic CV.
Proof of eligibility.
Civil status.
An enrolment certificate at the University of Luxembourg.

Complete your application and pay the application fee. You can then proceed with the applications by visiting the portal to submit your application and the required documents. Your application will be processed by the appropriate quarters, and feedback will be sent to you.

Clik here to Apply for the Scholarship

FAQS | Luxembourg Scholarship for International Students

Does Luxembourg Offer Scholarships for International Students?

Yes, few scholarship opportunities are open to international students interested in pursuing one field of study or another in Luxembourg. Scholarships for Bachelor’s degrees, Master’s degrees, and doctoral programs at the University level are all available. You have to seek out the one that suits you and apply for them.

You can also apply for funding for high school seniors and college students.

Is Rosa Luxemburg Scholarships in Germany 2024 Fully Funded?

The Rosa Luxemburg Scholarship offered in Germany to Doctoral students is fully funded as the scholarship covers your tuition and other expenses as you complete your doctoral program.

Applications are currently open for the Rosa Luxemburg Foundation Scholarship 2024; International students can apply to study in Germany for free for their PhD programs. The scholarship is open till April 1, 2024.

The Rosa Luxemburg Foundation is a political and educational organization that awards fully funded scholarships for international students in Germany who demonstrate a high level of social and political participation.

These PhD scholars will receive a grant of 1450 EUR each month. As well as a mobility allowance of 100 EUR. Healthcare subsidies are also included in the package. This scholarship is aimed at

assisting international students during their PhD programs.

Eligible to apply for these scholarships are:

International applicants from all around the world.
Applicants already admitted to the doctoral program at a state or state-recognized higher education institution in Germany.
Students can apply for a doctoral scholarship in all fields except the medical field.
Applicants must also provide proof of proficiency in German at a B2 level.
Must submit evidence of excellent academic performance at school or university.
Applicants must have been engaging in social activities and political or community services.

Applicants can follow this link to apply for the Rosa Luxemburg. Ensure you read all the scholarship program details and check the criteria before starting the application. Then, submit your application online before April 1, 2024.

Is Education Free in Luxembourg for International Students

As an international student planning to study in Luxembourg, you should know that you must pay tuition fees and other expenses.

However, there are various scholarship opportunities you can apply for to help you get grants to further your studies without bearing the financial burden.

What Is the Acceptance Rate for the University of Luxembourg?

The acceptance rate for international students seeking to study at the University of Luxembourg is 21%. This indicates that it is a competitive affair. Considerations are high for you if you have an outstanding academic performance.

International students must also meet the English proficiency requirements and the entry requirements before being considered for acceptance into the University of Luxembourg.

How can you apply to the University of Luxembourg from Nigeria?

First, you have to choose a study program you are interested in. Then, check if you are eligible for the program. Once you are good to go with these two, you can proceed to gather the relevant documents, one of which is the student visa. The Belgian Embassy in Abuja handles the student visas for students from Nigeria who are interested in studying in Luxembourg.

Also, gather other documents such as your Academic CV and letter of motivation. Then, proceed to visit the portal and apply for the scholarship you are interested in.

What is the success rate of student visas in Luxembourg?

Luxembourg is part of the E.U.’s Schengen Area. This means that visa requirements across all the twenty-six participating countries are quite similar.

If you’re from a country under the European Union (E.U.), the EEA, or Switzerland, You have freedom of movement and can move freely into Luxembourg.

The success rate of student visas if you are from other countries is as stringent as that of France. However, to get a student visa for Luxembourg if you are from other countries, you’ll need:

Application for temporary residency through the Ministry of Foreign and European Affairs.
Some Passport photos.
Your Passport.
Your Birth certificate.
A Confirmation of admission.
Health insurance covers the entirety of your stay.
Proof of sufficient finances.
A clean police check from your home country.
Proof of accommodation in Luxembourg.

On arrival, you need to register with the community you moved to. You also need to undergo a medical check before being issued your full student permit.

The student visa issued to you allows you to work during your time in Luxembourg for up to fifteen hours per week during term time and up to forty hours per week (full-time) during the holidays. You will also be required to pay income tax like a Luxembourger.

How Much Does It Cost To Go to Luxembourg as an International Student?

To study in Luxembourg, you will need a budget of 700–1,500 EUR per month, depending on your needs and lifestyle.

Final Thoughts | Luxembourg Scholarship for International Students

Studying in Luxembourg is quite expensive. Getting a scholarship to further your studies is also quite competitive. However, with proper research and knowledge of the right scholarship to apply for, you can scale through.

Hopefully, the tips shared in this article will help you get a scholarship to study in Luxembourg.

Luxembourg is one of the prominent places one can get an education. Therefore, it is expected that there will be some competitiveness. However, with the right steps, you can easily get that admission.