The objective of the Financial Aid Program at universities/colleges of Cyprus is to provide financial assistance to students who need aid in order to begin or complete their studies in Cyprus.
Need Grants are awarded to students and are based mainly on substantial financial need, regardless of academic performance. The amount of the grant provided depends upon the student's need for assistance, but grants usually amount to less than one third of the tuition and fees of the semester. Students interested in this type of grant must complete the "Financial Aid Application Form" and submit it to the respective department of universities/colleges.
It must be noted, however, that the funds for Financial Aid are provided by universities/colleges and are limited. Students and their families are expected to finance their education and Financial Aid should be considered only as supplemental assistance.
Cyprus Government Scholarships - The Government of the Republic of Cyprus provides each year a number of scholarships to students wishing to attend the MBA program. As from 1994 the Government of the Republic of Cyprus has launched the Technical and Development Assistance Scheme, within the framework of which the Cyprus Government provides each year a number of scholarships of short and long duration for participation in educational courses organized by Academic Institutions in Cyprus, as part of its Official Development Assistance (ODA) strategy. All the scholarships are provided officially on a bilateral basis (from Government to Government) and are announced through the diplomatic channels.
List of scholarship recipient countries for the academic year 2010-2011 : Armenia, Azerbaijan, Bangladesh, Bosnia – Herzegovina, Gambia, Georgia, Indonesia, Iran, Kazakhstan, Kyrgyzstan, Moldova, Pakistan, Sudan, Tajikistan, Uzbekistan
All the countries in the above list are included in the OECD DAC List of ODA recipients (thus addressing the need to direct resources to developing countries). The list is subject to change on a yearly basis. All fields of study are areas in which Cyprus has accumulated expertise (like Tourism, Services, Management, Forestry etc.).
List of scholarship recipient countries for the academic year 2010-2011 : Armenia, Azerbaijan, Bangladesh, Bosnia – Herzegovina, Gambia, Georgia, Indonesia, Iran, Kazakhstan, Kyrgyzstan, Moldova, Pakistan, Sudan, Tajikistan, Uzbekistan
All the countries in the above list are included in the OECD DAC List of ODA recipients (thus addressing the need to direct resources to developing countries). The list is subject to change on a yearly basis. All fields of study are areas in which Cyprus has accumulated expertise (like Tourism, Services, Management, Forestry etc.).
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