Scholarships; Grants; Loans

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 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

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.

Loan Programmes

In addition to need-based scholarships and merit-based grants, subsidized, low-interest loans are available through the SEB-SSE Riga Loan Programme and national student loan programmes are provided by the governments of Estonia, Latvia and Lithuania.

• Latvian State Guaranteed Student Loans

Students from Latvia, Estonia and Lithuania can apply for a Latvian state-guaranteed loan. The total loan amount available for the academic year 2010/2011 is 1750 EUR per student per academic year. To apply for a state guaranteed loan, students need to provide a guarantor who is aged up to 65 years and can prove a minimum monthly income of LVL 160 (EUR 210). More information about terms and conditions are available at the website of the Study Fund (Studiju fonds) www.sf.gov.lv that currently provides information only in the Latvian language.

The application form for a state guaranteed loan should be submitted to the SSE Riga Accounting Department by September 5, 2011.

• SEB-SSE Riga Loan Programme

Students are free to borrow money from any of the banks that offer student loans. SSE Riga has a cooperation agreement with A/S SEB Banka in Latvia that gives all SSE Riga students the opportunity to take out a loan from SEB. Unlike loans from other banks, the SEB loan is guaranteed by SSE Riga. The SSE Riga student loan guarantee is up to LVL 8000 (EUR 10 600) for a three-year study period at SSE Riga. The loan term is fixed for a ten-year period with an interest rate of 1.5% + 6M RIGIBOR; the interest should be paid starting with the day of issue.

• 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 >