Tuition Fee & Financial Aid

Tuition Fee & Financial Aid

SSE Riga's tuition fee in the Bachelor programme is EUR 6,250 per year. All students from Latvia, Lithuania and Estonia benefit from a tuition fee waiver of EUR 2,100 reducing the tuition fee to EUR 4,150 per year.

Tuition is fixed for all three years and is set at the tuition rate at the time a student enrols in the programme. 

What is important - at SSE Riga there are no hidden costs. Once you are SSE Riga student you get all books, study materials and online databases without extra charge. Even Office 365 and an online subscription to the Financial Times to every student at SSE Riga is for free.

The ability to attend SSE Riga does not depend on the student's financial situation – the majority of SSE Riga students receive significant financial aid. SSE Riga offers a number of scholarships with scholarship funds coming from a variety of sources including SSE Riga, SSE Riga Foundation and the SSE Riga Alumni Association. Please read about the various options of financial aid below.

 

Baltic Student Scholarships (for students from Latvia, Lithuania, Estonia)

The Baltic Student Scholarship offering a tuition fee waiver of EUR 2,100 per year for three years reducing the tuition fee to EUR 4,150 per year.

Admissions Scholarships (irrespective of home country)

The Admissions Scholarship offering partial or full tuition fee waivers for one to three years. No application is necessary. These scholarships are awarded on a competitive basis taking into account test and interview results, academic excellence, relevant extracurricular activities and student cohort diversity. Up to 25 of these scholarships are awarded.

Admissions Scholarships (for Estonian students)

In cooperation with the Estonian alumni community SSE Riga offers up to 15 Estonian Scholarships of EUR 4,150 for the first year of studies, reducing the first year’s tuition fee to EUR 0.

Merit-based Scholarships

There are one-off merit-based scholarships funded by corporate donors ranging from EUR 300 to 2,000 awarded based on academic performance - 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 believes in its students, the School offers a loan programme for the BSc students guaranteed by SSE Riga. It means that there is no need to have parents or relatives to guarantee it.

SSE Riga has a cooperation agreement with SEB bank in Latvia that gives students an opportunity to get a loan from SEB bank on favorable terms. Loans are available to students aged 18+ from Belarus, Moldova, Ukraine and Georgia, who have a valid Residence Permit in Latvia. 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 for admitted students in the e-learning platform at https://elearning.sseriga.edu/studies/login/index.php#section-7 (under Regulations and Procedures 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.

Citizens of Latvia, non-citizens of Latvia, citizens of the European Union, citizens of the European Economic Area and citizens of the Swiss Confederation and permanent residents of the European Community who have a valid residence permit have can apply for the Latvian State Guaranteed Loan. The State Guaranteed Loans offer the best terms and flexibility with regard to the repayment of the loan. Students can choose between two options: Study Loan (to cover the tuition fee) and Student Loan (for daily expenses). The maximum amount for the Study Loan is set according to the tuition fee that the Student has to pay. The amount of the Student Loan per month does not exceed the amount of the minimum monthly salary set by the state at the time of concluding the credit agreement, multiplied by a coefficient of 0.8 and is paid for 10 months per year (except July and August).

To apply for a State Guaranteed Loan, students do not need a Guarantor. The Guarantor is the State Development Finance Institution Altum. The issuing bank currently is Swedbank Latvia. In order to apply for the loans, the student has to be 18 years old, have a valid Study Agreement and a Swedbank Latvia bank account. Foreign students, who are eligible for the State Guaranteed Loans, have to arrange a valid Residence Permit too. If the student doesn’t have an account in Swedbank Latvia, they have to open one before applying for the loan. More information, instructions and application forms are available here: https://www.swedbank.lv/private/credit/loans/study.

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.

Latvian State Scholarships for Foreign Students

In accordance with the bilateral agreements on co-operation in education and science concluded between the Latvian government and foreign governments, Latvia offers scholarships to foreign students for studies in the Latvian higher education institutions (HEIs). 

Applications for the bachelor degree scholarships are accepted from the students who have successfully completed at least one academic year of studies (at their home HEI or at a Latvian HEI, if they already have been studying in Latvia) at the moment of application. 

The bachelor degree scholarships amount to EUR 500/ per month.

List of countries as well as other useful information one can find on the web-page of the State Education Development Agency (Valsts izglītības attīstības aģentūra – VIAA): http://viaa.gov.lv/eng/scholarships_gov/latvian_scholarships/

Contact person at SSE Riga: Marina Troškova, International BSc Programme Manager, email: marina.troskova@sseriga.edu.

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Return on investment

Average SSE Riga alumnus repays loan covering full cost of degree with 20% of net income within 6.5 years.

"SSE Riga offers many scholarship opportunities for its students. It is an amazing feeling to go to your parents as a student and say that you have gotten a scholarship. SSE Riga scholarships are very quick and easy to apply for!"

— Jānis Muižnieks
Latvia, Class of 2022
Daiga Brakmane
BSc Programme Student Recruitment Officer. Read More