The financial aspect can loom large for students. Enrolment fees, course costs, possibly a student room: the total can mount up. A decent MBA programme or studying abroad also costs a packet. So a little financial support is always helpful. We've set out the possibilities below.
Financial support from your college or university
There’s a chance that you could receive financial support from your college or university. You can, for instance:
- Get a special student bursary
- Get interest-free advances on your grant
- Spread the payment of your course fees
Conditions for a college or university bursary
The conditions vary depending on the institution. Make an appointment with the student welfare department and ask for more information.
Student grants and loans from the government
According to the website vlaanderen.be, one young person in four is entitled to a student grant from the Flemish Regional Government. A grant is a form of subsidy, which means you don’t have to pay it back.
Do you qualify for a grant? It depends on your income and your family situation. Your nationality and education also play a role.
Combining your student loan with a part-time job
You can also combine your subsidies or loans with a part-time job. It is perfectly feasible to work and study, provided you stick to the rules.
There are several conditions, however:
- The course must not exist in Flanders
- The local government must recognise both the relevant institution and qualification
- The course and the institution must contribute to the development of the academic discipline
You also have to meet one of these conditions:
- Your main residence is in the Flemish Region
- You have obtained a certificate of secondary or higher education from the Flemish Community
Good to know: you can also apply for a mobility grant from the Flemish Regional Government.
The French and the German-speaking Community
The French and the German-speaking Communities also have various programmes for study, research or education abroad.
Apply for an Erasmus grant
In certain cases, you can also apply for an Erasmus grant to study abroad.
Funding an MBA
Are you planning to develop your leadership talents? If so, a Master of Business Administration course might be for you. An MBA is the ticket to a successful career in business.
Unfortunately, that ticket doesn’t come cheap. To complete an MBA at the Antwerp Management School or Vlerick Business School, for instance, will set you back between 30 000 and 40 000 euros. At prestigious international universities, such as Stanford, you can pay as much as 65 000 euros.
Fortunately, you can also get a bursary in certain cases for an MBA. Do you want to get your MBA in the United States, for instance? You can apply for a bursary in that case from the Belgian American Educational Foundation.
A personal loan from your bank
Need extra support? KBC offers you the opportunity to fund your studies with a personal loan. You can apply for a loan of this kind online straight away. No income of your own? In that case, your parents will have to apply for the loan for you.
You decide the amount to repay each month yourself. KBC will also link a repayment term with a fixed rate of interest to your loan, so you don’t have to pay any extra costs.