Getting good grades will be very worth it in Hungary
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After over 11 years, the student normative, from which schools pay grants, will rise.
Students in higher education will be able to “earn” as much as €300+ per month by being diligent and studying hard, as educational grants at the more generous institutes will reach €924-1540 per semester. Good news for the student is that the normative from which these institutes pay the grants will notably rise in 2020, reports Magyar Nemzet.
After more than 11 years, the state financial support for students in higher education was raised in February for the first time since 2007. The €366 normative per student will be raised by 40% altogether after the Parliament‘s decision: it was raised to €396 in February and will reach €513 from 2020.
The student normative is important, because that is what universities and colleges can pay their students different benefits from. Including the money spent on educational and social grants or even the financing of the student municipality.
The number of educational grants available varies not only from institute to institute, but shows considerable differences within an institute’s faculties as well. According to the legislation, 50% of students are eligible to receive a grant, which cannot be less than 5% of the student normative. This is currently €20.
There are a lot of institutions and courses where it pays off really well to get good grades, as the best students can get up to €246-308 monthly. This supports them seriously in making a living.
“It is of much importance to our university to support students, that is why beside the basic support and international scholarships we provide almost 20 other grant/scholarship possibilities for our students.”
The educational grant is worth €308 monthly, which means that the full-time student attending a Bachelors course who has the best academic achievements can receive €1540 in financial support per semester.
That means the one student with the highest grant index in the previous semester, out of all the eligible students for a grant, provided that their grant index is at least 4.5,” told the Rector-Chancellor’s Office of the Eszterházy Károly University with Magyar Nemzet. They added that 4.45% of students receiving a grant got the amount mentioned above.
The eligibility for a grant differs and is hard to calculate most of the time, and the amount one can receive for the same performance can change each semester.
In most institutions not only the grade average counts, but they also calculate grant and credit indices, which means they count how many courses a student took, how many credits those courses were worth, and how many credits they were able to achieve. And besides all this, how the others performed is also important.
In general, it can be said that students need at least 3’s and 4’s to get money for their studies, but there are exceptions of course: at Széchenyi István University and the University of Debrecen, an average of only two was enough, according to the 2018 admissions guide. However, at the University of Pécs, students of economics had to earn at least a 4.65 average in order to receive a grant. Another important rule is that only those students may receive an educational grant who are studying full time and are in a state-funded spot, those who pay themselves are left out of this benefit.