Tuition Fee & Financial Aid
Tuition Fee & Financial Aid
SSE Riga's tuition fee in the Bachelor programme is EUR 6,250 per year or EUR 3,900 per year for students from Latvia, Lithuania, Estonia.
Tuition is fixed for all three years and is set at the tuition rate at the time a student enrols in the programme.
However, the ability to attend SSE Riga does not depend on the student's financial situation – more than 90% of SSE Riga students receive significant financial aid.
Please read about the various options of financial aid below.
Tuition Fee Waiver
Tuition fee waiver reduces the tuition fee to EUR 3,900 per year.
Tuition fee waivers are available to students from Latvia, Lithuania, Estonia, reducing the tuition fee to EUR 3,900 per year.
Candidates apply for waivers as part of the application process.
SSE Riga Scholarships
SSE Riga scholarships are awarded based on admissions results (a full scholarship for 3 years).
Up to 6 scholarships for students from Belarus, Moldova or Ukraine covering 100% of the tuition fee for all three years.
Application for these scholarships will be part of the SSE Riga Admissions Application and scholarship award decisions will be announced to the applicants together with the admissions offer.
Alumni Association Scholarships
The goal of the Alumni Association scholarships is to attract the best students to SSE Riga irrespective of their financial circumstances and facilitate broader development of SSE Riga students. In 2018, the Alumni Association awarded 20 scholarships to Year 1 and Year 2 students amounting to EUR 58,500 in total. There are three types of scholarships offered by the Alumni Association in 2019:
Alumni Admissions Scholarships
These scholarships are provided by alumni and awarded based on admissions results. Ten Year 1 students will have the opportunity to receive a scholarship of EUR 1,950, based on their results during the admissions process (secondary school grades, extracurricular activities, admissions tests and interviews). Application for these scholarships will be part of the SSE Riga admissions application, and scholarship award decisions will be announced to the applicants together with the admissions offer.
During their first year of studies, all Year 1 students can apply for a merit-based scholarship. Each scholarship candidate will be paired with an alumni mentor. After the first study year, an interview process will take place, and top-performing applicants will receive a scholarship amounting to EUR 1,950. The evaluation criteria are based on academic performance (60%), extracurricular activities (30%) and personal development according to the mentor's feedback (10%).
Any student at SSE Riga can apply for the needs-based scholarship of EUR 3,900. Students applying for this scholarship must meet the academic requirements and should be able to prove the hardship circumstances, including but not limited to such as low income / single parent / multi-sibling family.
Estonian Alumni Scholarships
All Year 1 students from Estonia in 2019/2020 academic year will have the opportunity to receive a scholarship of EUR 3,900, which together with the Baltic tuition fee waiver will allow to cover full tuition fee for the first year. These scholarships are provided by Estonian alumni.
There are one-off merit-based scholarships funded by corporate donors ranging from EUR 300 to 2,000 awarded based on academic performance.
Merit-based award recipients generally distinguish themselves academically and personally within our highly competitive student body. This includes outstanding performance in particular courses and electives as well as notable academic research and entrepreneurial activities.
SEB – SSE Riga Loan Programme
Since SSE Riga believe in the potential of the students, the School offers a loan programme guaranteed by the School – which means no need to have parents or relatives to sign it.
SSE Riga has a cooperation agreement with AS SEB Banka in Latvia that gives students an opportunity to get a loan from SEB on favorable terms. Loans are available to students (aged 18+) from Latvia, Lithuania, Estonia, Belarus, Moldova, Ukraine, Georgia and Russia. The loan is guaranteed by SSE Riga, and the maximum amount of the loan for 3 year studies at SSE Riga Bachelor Programme is the total amount of the three years’ tuition fee.
The application form for the SEB loan guaranteed by the School is available in the e-learning platform at elearning.sseriga.edu (under Student Support – Announcements, section “Financial Aid Information”).
Latvian State Guaranteed Student Loans
The amount of tuition not covered by any other sources can be financed through loans – students who take out loans typically repay them comfortably within 7 years.
Students from Latvia as well as citizens of other EU countries who have a temporary or permanent Latvian residence permit can apply for a Latvian State Guaranteed Loan. State Guaranteed Loans offer the best terms and flexibility with regard to repayment of the loan. Students can choose between two options: a Study Loan (to cover the tuition fee) and a Student Loan (for daily expenses). The maximum amount of a study loan is limited to EUR 2,568 for the year 2019. The student loan for daily expenses amounts to EUR 344 per month. The SSE Riga Student Credit Committee will review the student loan applications and confirm the applicant list to the State Administration of Studies and Research, which will again review the list and confirm the loans to the issuing bank.
To apply for a State Guaranteed Loan, students need a guarantor – a person who is up to 64 years of age and can prove a minimum monthly income of EUR 430. The guarantor should be able to visit the bank and sign the documents. More information about the terms and conditions is available on the website of the Administration of Studies and Research (Studiju un zinātnes administrācija) at www.sza.gov.lv (currently in Latvian only) as well as on the website of SEB, which manages the State Guaranteed Loans for this academic year, at www.seb.lv/eng/loan-and-leasing/loans-everyday-needs/student-loans/loans-students-government-guarantee.
The application form for the Latvian State Guaranteed Loan is available on the e-learning platform at elearning.sseriga.edu (under Student Support – Announcements, section “Financial Aid Information”).
Students are also encouraged to explore state-supported study loans in their home countries as well as student exchange agreements concluded between their countries and Latvia.