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Obtaining a university degree from an internationally recognized business school can be financially difficult for very ambitious, persistent and talented prospective students. We at the Varna University of Management (VUM) believe that motivation and desire for development should be encouraged.

That's why we try to keep tuition fees affordable. In addition, we have provided a number of opportunities for financial support - a scholarship for newly admitted students, a scholarship for excellent results, a scholarship for extracurricular activities and sports achievements.

We at the Varna University of Management (VUM) believe that motivation and the pursuit of development should be encouraged.

Each student at the Varna University of Management (VUM) has the opportunity to receive a scholarship in the amount of 1000 to over 4000 BGN per year (according to the conditions of the Ministry of Education and the European Social Fund), depending on the application result and success during study at VUM. VUM offers two main types of scholarships - for prospective students and for full-time students.

TRAINING FEES

Scholarships

Scholarships for newly admitted students



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 75%.
✔️ 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.

Regulations

Scholarships after the first academic year



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.

Regulations

Scholarships for master’s students



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 80%.
✔️ 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.

Regulations

Student Loan



For this purpose, according to the Bulgarian legislation, they must meet the following requirements:
Apply for a bachelor's or master's degree without having previously obtained such an educational qualification degree;
  • Be under the age of 35;

  • Have EU or EEA nationality.

  • The state-guaranteed loan is quite advantageous, allowing the student to pay off his tuition and even cover his daily expenses. Such a loan has a very low interest rate, which by law cannot exceed 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.

The banks that have concluded a standard contract for lending to students and doctoral students are:

  • DSK Bank EAD


  • First Investment Bank AD


  • Bulgarian-American Credit Bank AD


  • Raiffeisenbank (Bulgaria) EAD


  • Allianz Bank Bulgaria AD


  • Eurobank Bulgaria AD (Postbank)


  • Investbank AD

Bank accounts of the Varna Univertsity of Managment:

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: ……
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