Student sponsorship & benefits: Applications open

Amount of student sponsorship:

The amount of student sponsorship granted to beneficiaries depends on the total amount of family income, as follows:

*For families with more than 2 children, the annual gross family income may exceed fifty-nine thousand euros by five thousand euros for each additional child beyond the second.

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Other conditions:

In addition to the above criteria, the student sponsorship is granted if the following conditions are met:

• Awarded to a student's family whose members during the five (5) years prior to the start of the studies for which state student care is requested resided permanently and legally in the areas controlled by the Republic, for a period of fifty (50) at least months.
• It is granted for the acquisition of a single degree, in each study cycle (undergraduate or postgraduate study cycle). In the case of a student who will obtain more than one degree in each cycle, a total student grant is paid corresponding to the duration required to obtain the last degree, provided that the last degree obtained is of a higher academic level than the previous degree already obtained in the same study cycle.
• It is granted if the student regularly attends a study program to obtain a degree awarded by:
  • public university of Republic, or
  • public school of higher education of the Republic, or
  • private university of the Republic, or
  • educationally assessed – certified branch of study of a private school of higher education of the Republic which operates in the Republic and is registered in the Register provided for in the Schools of Higher Education Laws of 1996 to 2013, as amended or replaced from time to time, or
  • study program offered by the franchising or certification method, or
  • a higher education institution abroad, which has been recognized as a higher education institution by the competent national bodies of the country in which it operates,

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  provided the student is studying in a field of study that has a duration of at least one full-time academic year.

  • The maximum amount of student sponsorship that can be granted per academic year is that which corresponds to full study of an academic year.
  • In cases of partial study, the amount of student sponsorship is proportional to the number of credit units or other units study measurement, which correspond to the courses in which the student is enrolled in the respective academic year, and the student grant is paid after completing a period of study corresponding to at least one (1) semester of full-time study.

  See more about student sponsorship HERE

  What applies to student benefits

  Student benefits are granted after taking into account property and income and social criteria, to subsidize specific needs. Beneficiaries of student benefits are determined after an evaluation of applications, which is based on a scoring system that takes into account economic and social criteria, until the available credits of each academic year are exhausted. /p>

  The scoring of the application will be done with the aim of ranking all eligible applicants by priority (based on the total points accumulated by the applicant). The submission of an application for financial assistance, does not necessarily imply the granting of financial assistance, even if all the conditions are met, due to the large number of applicants in relation to the amounts available for this purpose. Therefore, in the event that the amount of benefits to the beneficiaries is greater than the available funds, the people who have accumulated the fewest points will be excluded. In more detail, the following will apply:

  Property criteria:

  A family whose total value of its assets does not have the right to claim student benefits exceeds €1,200,000. For the calculation of assets, the following are taken into account:

  • the financial assets of the family at current prices (e.g. deposits, shares, securities, bonds) and
  • the immovable property of the family at prices of the current general assessment of Department of Cadastre and Land Surveying on the date of submission of the application, as they have been calculated by the state cadastre.

  The value of the assets will not be apportioned. It will only be a condition for claiming student benefits.

  Income criteria:

  Entitlement to claim student allowances has a family whose annual gross family income does not exceed €39,000, when it has up to two children.

  For families with more than two children, the annual gross family income may exceed €59,000 /strong>by €5,000 for each additional child beyond the second.

  The scoring of the financial situation of the applicants' family is based on the per capita annual gross income of the family. To determine the annual gross income per capita, the total annual gross family income is calculated and divided by the number of dependent family members (applicant, spouse, dependent children) as all of the above are defined in the State Student Welfare Law of 2015.

  

  Social Criteria:

  Social/health problems faced by the student and/or his/her family will be taken into account in the evaluation of the applications, provided that all relevant certificates/certificates are attached. It is noted that whether the student comes from a family with three or more dependent children will also be taken into account. In particular, the following problems will be taken into account, which accumulate the following score points each, on a scale of 1-12 points:

  

  Notes – Limitations:

  • Where possible, data is obtained from the relevant public services through automatic interconnection of files with the State Information Repository (YFM does not have the ability to modify data obtained through interconnection). In these cases, the applicant should not present any certificates.
  • In the event that the student is an orphan but the parent is remarried, he/she does not receive the scoring for orphans. In the event that the student is married and has created his/her own family and still does not receive the credit for orphans.
  • In case the student comes from a divorced family and the parent with whom the student lives is remarried, he/she does not receive the points.
  • In the case of a serious illness and/or disability of the student, points are given only if an original medical certificate from a government medical officer is attached, which clearly states the extent of the problem, i.e. when the student is: thalassemic, blind, deaf, diabetic, cancer patient, heart patient, kidney patient, with multiple sclerosis, with kinetic problems, with special abilities, paraplegic or quadriplegic. Health problems of the student's siblings are not taken into account under any circumstances.

  Form of student allowances and maximum amount for each allowance:

  The financial support will cover the student's expenses for one academic year, as follows:

  

  Notes – Restrictions:

  • A grant for first-year students can ONLY be granted to students who are in their first year of study.
  • A necessary condition for granting the grant of living is: the educational institution in which the student attends is at least 30 kilometers away from his/her family's permanent residence. The distances in kilometers will be confirmed exclusively based on the relevant guide of the Ministry of Transport and Works.
  • The allowance for the purchase of an air ticket will be granted ONLY to students studying in universities abroad.

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  See more about Student Grants HERE

  source: Offsite

  Source: 24h.com.cy