Scholarships; Grants; Loans

Options for financing your studies at SSE Riga (download PDF)

SSE Riga Alumni Scholarship Programme

The SSE Riga Alumni Scholarship is an initiative by the Alumni community who are willing to support talented and motivated young people from the Baltics by covering a tuition fee for one academic year of studies. The value of one scholarship is EUR 3,500 or EUR 1,750. The selection of scholarship recipients is based on financial need and academic potential. To apply for the Alumni Scholarship, a candidate should be officially admitted to the SSE Riga BSc programme and submit the following documentation:

• A scholarship application form
• An official statement on the student’s family income status (confidential information only used by the Scholarship Award Committee)
• CV
• A written statement describing academic objectives and explanations about special circumstances and financial constraints

The scholarship application documents should be submitted to SSE Riga Pro-rector. The assessment criteria to qualify for the scholarship are:

• Coming from a low-income family
• Special circumstances in the family and the dependency level (parents divorced or separated or a single-parent family)
• Academic potential based on the admissions results
• Academic motivation to pursue undergraduate studies at SSE Riga

The members of the Scholarship Award Committee (SAC) are: SSE Riga Rector, Pro-rector, Admissions Director, three Alumni Association representatives representing Estonia, Latvia and Lithuania.

Alumni Scholarship application form >
Alumni Award Agreement >

Grants

The Grant Programme provides additional financial resources to students who demonstrate academic achievement and research potential. There are merit-based awards and research assistantship grants available.

Student excellence - that's what we look for! Merit-based award recipients generally distinguish themselves academically and personally within our highly competitive student body. SSE Riga offers merit-based scholarships that are funded by corporate donors. The following grants are available:

• Zabolis Partners Awards
  Top 2 academic results upon finishing Year 1
• KPMG Awards            
  Academic achievements in Accounting courses
• SEB Enskilda Award
  Academic achievements in Financial Economics

Photos from the Awards Ceremony in 2012 > 

Research Assistantships

SSE Riga offers its students competitive research assistantships in academic and commercial research projects. These assistantships are awarded on the basis of merit. Students awarded assistantships benefit professionally and receive a modest financial reward.

Latvian State Guaranteed Student Loans

Students from Latvia as well as citizens of other EU countries, who have a temporary or permanent Latvian residence permit, can apply for the Latvian state guaranteed loan. State guaranteed loans have the advantage of flexibility and allowances with regard to the repayment of the loan. Students can choose between two options: Study fee loan (to cover the study fee) and Study loan (for daily expenses). The maximum amount of the study fee loan is limited to LVL 1284 for the year 2012/2013. The study loan for daily expenses amounts to LVL 120 per month.

To apply for a state guaranteed loan, students need a guarantor – a person who is up to 65 years of age and can prove a minimum monthly income of LVL 200. More information about the terms and conditions is available at the website of the Study Fund (Studiju fonds) at http://www.sf.gov.lv, as well as at the website of SEB, who manages the state guaranteed loans for this academic year, at http://www.seb.lv/lv/private/special-offers/students-bank/visizdevigakie-krediti/.

Currently this information is available only in the Latvian language. The application form for the state guaranteed loan should be submitted onto the e-learning platform (section “Financial Aid”) at http://elearning.sseriga.edu/ no later than September 25, 2012.

SEB - SSE Riga Loan Programme

While students are free to borrow money from any of the banks that offer student loans, SSE Riga has a cooperation agreement with AS SEB Banka in Latvia that gives students from Estonia, Latvia and Lithuania an opportunity to get a loan from SEB on favourable terms. The loan is guaranteed by SSE Riga, and the maximum amount of the loan is LVL 8,000. The loan term is fixed for a ten-year period with an interest of 1.5% + 6M RIGIBOR; the interest should be paid starting with the day when the loan is issued.

The application form for the SEB loan guaranteed by the School should be submitted onto the e-learning platform (section “Financial Aid”) at http://elearning.sseriga.edu/ no later than October 10, 2012.

Loans Guaranteed by the Estonian Government

Students who are citizens of Estonia or have a long-term residence permit for Estonia are eligible to apply for governmentally subsidized loans to study at SSE Riga in Latvia. To apply for these loans, students need to contact the commercial banks that in the respective year have won the tender to service governmentally guaranteed student loans.

For detailed application requirements please see the Study Allowances and Study Loans Act >