Scholarships, tuition fees and funding

Acquiring a university degree from an internationally renowned business school can pose financial challenges for highly ambitious, determined, and talented individuals aspiring to join the program. At Varna University of Management (VUM), we strongly believe in fostering motivation and the drive for personal growth.

To address these concerns, we strive to maintain reasonable tuition fees. Moreover, we have established various avenues for financial assistance, including scholarships specifically designed for newly enrolled students, scholarships awarded for outstanding academic performance, as well as scholarships acknowledging achievements in extracurricular activities and sports.

Tuition fees per semester

Tuition Fee Bachelor’s Programme
*with English language training

1500 € per semester for EU and EEA citizens

1950 € per semester for non EU and EEA citizens 

 

Tuition Fee Bachelor’s Programme in BA (with pathways) *with English language training
YEAR 1

750 € per semester for EU and EEA citizens

1500 € per semester for non EU and EEA citizens 

 

Tuition Fee Bachelor’s Programme in BA (with pathways) *with English language training
YEAR 2, 3, 4

1500 € per semester for EU and EEA citizens

1950 € per semester for non EU and EEA citizens 

 

Tuition Fee MBA Programme
*For semesters 1, 2 and 3

1500 € per semester for EU and EEA citizens

1950 € per semester for non EU and EEA citizens

Tuition Fee MBA Programme *Optional 4th semester, required depending on undergraduate education profile

900 €

Tuition Fee IHTM MSc Programme *For semesters 1 and 2

1500 € per semester for EU and EEA citizens

1950 € per semester for non EU and EEA citizens

Tuition Fee IHTM MSc Programme *For semesters 3 (mandatory) and 4 ( optional), required depending on undergraduate education profile

900 € per semester

Application Fee (non-refundable)

100 €

Documents translation fee

– Bachelor’s 200 €

– Master’s 250 €

Regional Department of Education procedure (required only for Bachelor’s applicants)

50 €

VUM Student Status fee

50 € per semester for EU and EEA citizens

450 € per semester for non EU and EEA citizens

Cardiff Metropolitan University BA programmes registration fee

450 € per semester (for the last two semesters)

Cardiff Metropolitan University Master’s programmes registration fee
450 € per semester (for 3 semesters )

Scholarships

Newly enrolled students on a Bachelor’s degree program are eligible to apply for a scholarship for the first academic year of their education in English language programs.

    • The applicants who are eligible for a scholarship up to €250 for the first academic year shall undergo a motivational interview at VUM and shall have successfully passed an English language exam at VUM with a score over 80%.

 

  •  The newly enrolled students can also apply for scholarships provided in collaboration with University’s partnering organizations amounting from €250 up to €1000 for the first academic year. The students applying for this type of scholarship should have acquired English language certificate (IELTS, TOEFL, PTE, CAE, SAT) or should have scored high at the state matriculation exam in English.

After the first academic year, all the students, who have successfully passed their exams during the examination sessions as per the approved exam schedule for the respective academic year by the start of the due academic year, are eligible for an Academic Performance Scholarship (merit-based). This scholarship is calculated based on the exam results from the previous two semesters.

The students on the “Hospitality and Culinary Arts” and “Gastronomy and Culinary Arts” programs who have successfully passed their exams within the examination sessions as per the approved exam schedule for the respective academic year by the start of the due academic year are eligible for an Academic performance scholarship as of the third year of their studies.

Every newly enrolled Master’s degree student is eligible to apply for a scholarship during the admission process.

    • The applicants who are eligible for a scholarship up to €250 shall undergo a motivational interview at VUM and an shall have successfully passed an English language exam with a score over 85%.
      The newly enrolled students may apply for scholarships provided by the University’s partnering companies amounting from €250 up to €1000 for the whole period of education only if they present a valid English language certificate (IELTS, TOEFL, PTE, and CAE) and have submitted the full set of required documents for the particular Program.

 

  • Students with a Bachelor’s Degree in English language from VUM continuing their education in a double-degree Master’s Program are eligible for a Scholarship amounting from €500 up to €1000.

Student loans

In compliance with Bulgarian laws, certain criteria must be met by students seeking to apply for a state-guaranteed loan. These requirements include:

  1. Pursuing a bachelor’s or master’s degree without having previously acquired an equivalent educational qualification.
  2. Being below the age of 35.
  3. Possessing nationality from the European Union (EU) or the European Economic Area (EEA).

The state-guaranteed loan offers several advantages as it enables students to finance their tuition fees and even meet their daily expenses. This loan option comes with a significantly low interest rate, which is legally capped at a maximum of 7 percent.

No guarantees (guarantors, real estate or permanent income) are required for a student loan, as this is a government guaranteed loan. Interest is paid only on the amount actually spent, and not on the amount of the loan initially approved by the bank.

A one-year grace period is given after the official graduation of the student, after which the amount due must be paid within 10 years in equal monthly installments.

  1. DSK Bank EAD
  2. First Investment Bank AD
  3. Bulgarian-American Credit Bank AD
  4. Raiffeisenbank (Bulgaria) EAD
  5. Allianz Bank Bulgaria AD
  6. Eurobank Bulgaria AD (Postbank)
  7. Investbank AD
Holder: Varna Univertsity of Managment (VUM)
Address of the holder: Varna, Oborishte 13a, Bulgaria
Name of the bank: International Asset Bank AD
BIC / SWIFT: IABG BGSF
Bank account in EURO
IBAN: BG23 IABG 7495 1400 4891 05
Bank account in BGN
IBAN: BG57 IABG 7495 1000 4891 08
Reason: Payment of student fee / accommodation .. / student's name, ID card number, specialty, course / Amount: ……