How can I affort going abroad?

At first, the mandatory study abroad semester may seem like a significant financial challenge. However, many students are surprised to learn that there are numerous funding opportunities available to support their international experience. From scholarships and grants to financial aid programs and student-friendly destinations, there are different ways to make a semester abroad affordable. The following section provides an overview of the most important funding options and resources that can help you plan your stay abroad with confidence.

erasmus+

Erasmus+ is the European Union's program for education, training, and international exchange. It gives students the opportunity to study abroad at specific partner universities across Europe while receiving financial support. Through Erasmus+, IMS students can gain valuable international experience, develop intercultural skills, and expand their professional network – all while continuing their studies within the program.

• No tuition fee
• Receive financial support - payments usually split between the start and successful completion of your mobility period
• Additional financial support for first-generation students (students whose parents do not hold a university degree)

Scholorships

Several scholarships can help cover expenses such as travel, accommodation, or living costs, making your international experience more affordable.

Popular funding opportunities for IMS students include:

• DAAD Scholarships – Various funding programs offered by the German Academic Exchange Service (DAAD) for study and internship stays abroad.
• HAW.International – A scholarship program specifically designed for students at Universities of Applied Sciences who want to gain international experience.
• PROMOS – Financial support for study semesters, internships, language courses, and other academic activities abroad.