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Financing options for prospective degree learners

Maria Birnbaum
Social Media Coordinator & Copywriter

Financing online studies at Tomorrow University: Options and opportunities

Customized payment plans for financial flexibility

At Tomorrow University, a wide range of financing options and scholarships are available across our degree programs, aiming to make education both accessible and impactful for aspiring changemakers. From flexible payment plans, early birds, scholarships, and the opportunity to transfer ECTS credits from previous programs, here's a closer look at your options.

Tailored payment options

To support you with financial flexibility, we offer tailored payment plans across all our degree programs. You have the option to pay your tuition in full upfront, securing the most favorable tuition rate, or opt for installment payments that distribute the tuition costs throughout your study period, making your educational costs more manageable and less stressful.

For an overview of each installment plan, visit the financing pages for our specific programs:

Early bird discounts: Apply on time to save on tuition

Secure the best rate for your education

We offer Early Bird and Super Early Bird tuition reductions for learners who apply and complete their enrollment by the specified deadlines communicated on each program's finance page. This ensures you secure the best rate for your education as you embark on your journey with us.

Scholarships: Investing in future changemakers

Higher Education degree scholarships

Tomorrow University awards scholarships to exceptional learners who are committed to driving positive change within their communities and the wider world. Each program has its own set of scholarships designed to meet the diverse needs and ambitions of our learners - and they are compatible with our Super Early Bird and Early Bird admission reductions.

Bachelor’s Degree Scholarships

For Bachelor's learners at Tomorrow University, there are four scholarship opportunities, each offering up to €3,000 to aid in financing their education:

  • Sustainability Impact Scholarship: For those focused on environmental and social change.
  • Future Founders Scholarship: Aimed at entrepreneurial minds ready to innovate.
  • Global Diversity Scholarship: Supports underrepresented talents in sustainable business and technology management.
  • Academic Excellence Scholarship: For high-achieving students with outstanding academic records.

More about Bachelor's in AI & Sustainable Tech or Responsible Entrepreneurship scholarships here.

Impact MBA Scholarships

For MBA learners at Tomorrow University, there are four scholarship opportunities, each offering up to €3,000 to aid in financing their education:

  • Sustainability Impact Scholarship: For candidates aiming to become sustainability champions in their careers.
  • Innovation Leader Scholarship: For creative thinkers and problem solvers looking to transform industries.
  • Career Transition Scholarship: Assists individuals from non-business disciplines in acquiring management skills and business acumen.
  • Global Diversity Scholarship: Aims to create a more inclusive study environment by supporting individuals from underrepresented background

More about Impact MBA scholarships here.

MSc. in Sustainability, Entrepreneurship & Technology Scholarships

For Masters of Science learners at Tomorrow University, there are four scholarship opportunities, each offering up to €6,000:

  • Sustainability Impact Scholarship: For those passionate about driving positive change across society, environment, and economy.
  • Entrepreneurial Talent Scholarship: Aimed at nurturing entrepreneurial spirits with innovative ideas and projects.
  • Tech Innovator Scholarship: For tech enthusiasts and visionaries using technology to create a brighter future.
  • Global Diversity Scholarship: Supports underrepresented and marginalized groups, emphasizing academic excellence and community engagement​

More about Master's scholarships here.

ECTS Credit Transfer: Acknowledging Your Past Efforts

Shorten the duration and reduce the cost of your program

Tomorrow University values the academic achievements you've already accomplished. By transferring ECTS credits from previous studies, you can shorten the duration and reduce the cost of your program at ToU, allowing you to progress more quickly toward your degree.

  • 30€ per ECTS
  • Recognize up to 50% of your Programs’ ECTS

You can book a call with our team for further guidance here.

Additional Financial Aid Opportunities

As an accredited institution in Germany, Tomorrow University learners are also eligible for additional financial aid opportunities from both official state entities and private institutions, including, but not limited to:

1. BAföG: Financial Assistance for Educational Pursuits

What is the BAföG Scholarship?

  • The BAföG scholarship, short for “Bundesausbildungsförderungsgesetz” in German, is a financial aid program provided by the German government to support students pursuing higher education.

Who can apply?

  • German citizens or individuals with a recognized residence permit in Germany.
  • Students enrolled in various levels of education, including universities, colleges, and vocational schools.
  • Applicants should demonstrate financial need, and the income of their parents or spouse is often taken into account.

Additional criteria:

  • Applicants must be under a certain age limit (usually 30 for bachelor's and 35 for master's students) at the beginning of their studies.
  • The course of study should be accredited and lead to a recognized degree.
  • Progress in studies is considered, and recipients may need to maintain a certain level of academic performance to continue receiving support.

How to apply:

  1. Obtain the BAföG application form from the local BAföG office or download it from their website.
  2. Fill out the form with personal information, details about your course of study, and financial circumstances.
  3. Provide supporting documents, such as income certificates, enrollment certificates, and ID proof.
  4. Submit the completed application along with the required documents to the local BAföG office.
  5. Attend an appointment if required and provide any additional information if requested.
  6. The BAföG office will review your application and determine the amount of financial support you're eligible to receive.

The BAföG scholarship is a valuable resource for students in Germany, helping them cover their educational expenses and focus on their studies. It aims to ensure that higher education remains accessible to a wide range of individuals, promoting equal opportunities and personal development. Learn more on their website.

2. Knoma: Ethical Financing for Lifelong Education

What is the Knoma Scholarship?

  • The Knoma Scholarship is a valuable educational program aimed at providing financial support to individuals dedicated to advancing their studies and pursuing academic excellence.

Who can apply?

  • Students at various levels of education, from undergraduate to postgraduate, are eligible to apply.
  • Individuals who are enthusiastic about learning and have a strong commitment to education.
  • Those with a clear aspiration to make a positive impact in their chosen field of expertise.

Additional criteria:

  • The selection committee considers factors such as academic achievements, leadership qualities, and community involvement.
  • Applicants need to demonstrate how the scholarship will contribute to their educational and career goals.

How to apply:

  1. Complete an online application form available on the Knoma Scholarship website.
  2. Provide personal information and relevant details.
  3. Include academic transcripts and records of achievements.
  4. Submit letters of recommendation that highlight your skills and potential.
  5. Write a compelling statement of purpose detailing your educational background, career aspirations, and how the scholarship will benefit you.
  6. Review and double-check your application for accuracy before submitting.

The Knoma Scholarship presents a fantastic opportunity for motivated individuals to receive financial assistance while pursuing their educational dreams. It recognizes and supports those who are dedicated to personal growth and success through learning. Learn more on their website.

3. Deutsche Bildung: Income Share Agreements for German Students

What is the Deutsche Bildung Scholarship?

  • The Deutsche Bildung scholarship is a financial support program aimed at assisting students during their higher education journey by providing funding for tuition fees and living expenses.

Who can apply?

  • Students pursuing various levels of education, including undergraduate and postgraduate studies.
  • German and international students studying at universities and higher education institutions in Germany.
  • Applicants should have a clear academic and career plan and a strong motivation to excel.

Additional criteria:

  • A focus on personal development and professional growth.
  • A commitment to actively engage in extracurricular activities, internships, or work experiences to enhance practical skills.
  • Recipients are expected to participate in the Deutsche Bildung network and community.

How to apply:

  1. Visit the Deutsche Bildung website and review the scholarship details and requirements.
  2. Register and create a profile on their online application portal.
  3. Complete the application form, providing information about your educational background, course of study, financial situation, and career goals.
  4. Submit any necessary supporting documents, such as academic transcripts, CV, and motivation letter.
  5. If shortlisted, attend an interview or assessment as part of the selection process.
  6. Successful applicants receive financial support based on their individual needs, and the funding is provided as a combination of loan and grant.

The Deutsche Bildung scholarship is a unique opportunity for students to receive tailored financial assistance that supports both their academic journey and personal development. It encourages active participation in various aspects of student life and aims to empower students to make the most of their educational experience. Learn more on their website.

4. KfW Student Loan: Flexible Financing for Higher Education

What is the KfW Scholarship?

  • The KfW Scholarship, offered by the KfW Development Bank, is a financial aid program designed to support students from developing countries pursuing higher education in Germany.

Who can apply?

  • Students from developing countries who have been admitted to a recognized university or higher education institution in Germany.
  • Applicants should be enrolled in a master's degree program that aligns with KfW's focus areas, such as development, economics, environment, and social sciences.

Additional criteria:

  • Applicants should have a strong academic track record and demonstrate a clear commitment to contributing to the development of their home countries.
  • A focus on sustainability, leadership potential, and the intention to apply the acquired knowledge and skills for the betterment of society.

How to apply:

  1. Check the KfW Development Bank's website for information on available scholarships, eligibility criteria, and application deadlines.
  2. Prepare necessary documents, including academic transcripts, proof of admission, recommendation letters, and a statement of purpose outlining your academic and career goals.
  3. Complete the online application form, providing accurate and relevant information.
  4. Submit your application before the specified deadline.
  5. If shortlisted, you may be invited for an interview or additional assessments.
  6. Successful recipients receive financial support that covers tuition fees, living expenses, and other related costs.

The KfW Scholarship is a valuable opportunity for students from developing countries to pursue higher education in Germany and contribute to global development efforts. It aims to empower individuals with the knowledge and skills needed to address pressing societal challenges and make a positive impact in their home countries. Learn more on their website.

Your Path to Affordability and Impact

Explore all available financing options for your studies at Tomorrow University

By combining payment plans, scholarships, and early bird reductions, Tomorrow University offers a robust support system to ensure your education is affordable. We encourage you to explore all available options, including applying for scholarships and early admission, to take full advantage of the opportunities ToU provides.

Should your local or national study funds not appear on our list, we encourage you to consult with your local governing bodies for detailed information. Our team will be happy to assist you with any necessary documentation to help determine your eligibility.

To dive deeper into how ToU can support your ambitions, visit our dedicated financing pages for the Masters, Bachelors, and MBA programs.

If you still have questions, have a chat with one of our Admissions Team members to get personalized information based on your situation.

Join us in shaping a future where education empowers everyone to make a lasting impact.

Maria Birnbaum
Social Media Coordinator & Copywriter
Maria Birnbaum
Social Media Coordinator & Copywriter

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