The full tuition and fees for the IMQF program are set at 6.000 EUR. However, we do everything in our power to ensure that no talented individual is turned away due to lack of funds. For this reason,all applicants that are currently unemployed or underemployed are eligible for financial aidwhich reduces the tuition and feesby 50 percent. Tuition payments are made quarterly, in three equal installments, with the first installment due at the commencement of studies.
Financial aid applicants need to take the Assessment Exam in Math and Economics (in English). The exams are non-eliminatory and is held in mid November in the year when one enters the program. The Assessment exam lasts three hours. The first 90 minutes is the Assessment in Mathematics while the second 90 minutes is Assessment in Economics. All program applicants can obtain preparatory materials from our office on October 15th.
Occasionally, other sources of financial aid become available to IMQF students. In particular, in the past few years, our corporate partner UniCredit Bank (Serbia) has granted one prestigious UniCredit Fellowship Award annually to a particularly promising entering IMQF student. UniCredit Fellowship Award covers the entire tuition and fees for the IMQF program. The decisions about financial aid are made based on demonstrated financial need, academic merit and overall promise of the candidate.