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Study loans and other sources of funding

Financing options for ESMT students

Study loans

An ESMT degree is an excellent investment into your future. Nevertheless, financing your studies is not always an easy endeavor. To cover the gap between potential scholarships and savings, and the cost of attendance, ESMT Berlin offers access to the loan programs listed below.

  • Prodigy Finance


    Accepted students of the

    • Master in Management
    • Full-time MBA,
    • Part-time MBA
    • Executive MBA


    What is Prodigy?

    Prodigy Finance is revolutionizing student finance. The innovative model offers alumni-funded loans to international students at the world’s top business schools, including ESMT. While banks base their loan decisions on historical salaries, Prodigy looks to the future. They assess applicants’ future earning potential (based on the past achievements of similar graduates) to determine loan affordability.

    Prodigy’s model is borderless, allowing them to offer competitive rates to over 150 nationalities of students.


    Why choose Prodigy?

    • 150 nationalities covered
    • Competitive interest rates
    • No collateral or guarantees required
    • Easy online process
    • No repayments while you study



    Interest rates vary depending on individual applicants. The representative APR is 8.16%. See more detail about the terms and conditions, and how to apply for a loan on Prodigy’s website.

    For additional information, download the latest brochure in the download section below.

  • Brain Capital


    Students who are accepted into the

    • Master in Management
    • Full-time MBA
    • Part-time MBA
    • Executive MBA

    In addition, you must be a citizen of the EU, Canada or USA

    What is Brain Capital?

    Brain Capital offers ESMT Berlin degree-seeking students who are citizens of the EU, Canada or the USA the ability to cover tuition fees through an innovative funding scheme. It is a proven way to secure the funds you need to support your education goals at ESMT.

    Repayment terms are very favorable, and after graduation, payment only starts once a certain salary threshold is attained again.


    How does the process work?


    How to apply?

    Please visit their website or download the flyer in the Downloads section below (currently only available in German) for more information. To apply or if you have questions, you can contact Brain Capital directly via email.

    Please feel free to contact ESMT if you have any specific questions.

  • Juno Graduate Student Loans


    Accepted students of the

    • Master in Management
    • Full-time MBA
    • Part-time MBA
    • Global Online MBA
    • Executive MBA

    In addition, you must fulfill the following requirements:

    • You are U.S. citizen or a non-US citizen with a U.S. citizen as a cosigner

    What is Juno?

    Juno (formerly LeverEdge) is a collective bargaining organization for student loans. They negotiate exclusive deals with their lending partners to provide low rates or cash back options to U.S. citizens or international students with a valid U.S. citizen cosigner. Juno offers a "best rate guarantee" for borrowers. Check the latest rates.

  • Deutsche Bildung Student Funding


    Accepted students into the

    • Master in Management
    • Full-time MBA
    • Part-time MBA
    • Global Online MBA
    • Executive MBA

    In addition, you must fulfill the following requirements:

    • You have obtained your university entrance qualification in Germany or Austria, or at a German school abroad.
    • You are a German citizen or you have a permanent residence permit.
    • You (plan to) study at a research university (a state-recognized university in Germany or a comparable university abroad).
    • You do not have a negative credit report (SCHUFA).
    • You are motivated to study and convinced that you have chosen the right subject.


    What is Deutsche Bildung Student Funding?

    Deutsche Bildung Student Funding is the biggest student financing offer organized by the private sector of Germany.

    As a social business since 2007, Deutsche Bildung supports thousands of German students with financing and through our extra-curricular Academy.

    • Since 2013, Deutsche Bildung is top ranked in Germany.
    • Monthly, single or returning payments (in total up to €15,000 for a Bachelor degree, up to €25,000 for a Master's degree and up to €30,000 for an MBA / Ph.D.) guarantee financing for students of almost all disciplines in Germany and abroad.
    • The extra-curricular Academy focuses on the development of personal skills and professional competencies. A broad network of contacts to companies, universities and NGOs adds value to all granted students.
    • The repayment is income-related: granted graduates pay back a fixed amount of their future income for a certain period of time when they have started their first employment. By this, students are protected from debts and also support following future students. This assures a sustainable model of student financing.

    The online-application is possible throughout the whole year via


    How to apply?

    You can simply apply online and follow the step-by-step application process on

    Please have the following documents at hand:

    • Two-sided copy of your ID or residence permit for Germany
    • Curriculum Vitae (CV)
    • Conditional offer from your future university or a certificate of enrolment if you are already studying
    • Current transcript of records if you are already studying (grades, certificates, intermediate certificates or certificate of a completed Bachelor)
    • Copy of your university entrance qualification
    • Internship certificates (if available)
    • Examination regulations (list of all modules and exams that you have to complete in your studies)



    There is no application deadline. You can apply anytime during your studies or up until three months before the beginning of your studies.

Other sources of funding

Besides the above loan options, we encourage to explore further financing possibilities in your home country during the application process.

Often a student’s home country or region has opportunities for loans and scholarships to complete an accredited program abroad. A non-exhaustive list of funding sources can be found below. Further scholarship and loan availability may be found by contacting your local education ministry or your country or region's embassy in Berlin.

The following are financing options that previous ESMT students have used. We are continuously expanding the list and always welcome suggestions.

Please check with the respective financing option directly if it applies to the program you are applying to or have already been accepted for.

  • All countries and regions

    The German Academic Exchange Service (DAAD) offers a wide range of support instruments for participants from all over the world to study in Germany. They offer a very extensive database of available financial aid for both foreign and German students. Using the Scholarship Database search filter you will find a list of applicable scholarships for you.


    Award amounts and eligibility varies by country. Please visit or contact your national DAAD office for more information.

  • Brazil

    Fundação Estudar is an educational resource that offers a limited number of graduate fellowships for Brazilian business students each year. Deadlines are in March, and scholarships are eligible for both applicants and current students. Please review the foundation's website for more information.

  • Colombia

    COLFUTURO is a private financial aid foundation (scholarships and loans) for Colombians pursuing a postgraduate degree abroad. With funding from both the Colombian government as well as leading Colombian companies, they have successfully helped over 9,000 Colombian students fulfill their education goals. COLFUTURO collaborates with the DAAD offering financial aid to students enrolled in a German university. Further information is available in this document.

  • Germany

    German applicants to ESMT may qualify for student loans from German banks. Many of these loans offer special interest rates and payment terms, depending on your application and qualifications. We encourage you to check with your local bank branch for more information.

  • India

    • Credila is a loan program for Indian citizens pursuing graduate studies abroad. Students apply for a minimum of 100,000 INR on their own without collateral or up to the maximum cost of attendance (as defined by ESMT) with a consignor that is an Indian citizen with an Indian bank account.
    • Bank of India’s educational loans have been a financing source for former ESMT students.
  • Mexico

    Banco de Mexico – FIDERH: The Fund for Development of Human Resources (FIDERH) is a federal trust managed by the Central Bank of Mexico, which has been helping to finance graduate studies for over 40 years. ESMT is an official partner, and they offer very reasonable loans for Mexican students pursuing studies abroad. The requirements are simple: if you have been accepted into our program, you are eligible.


    CONACYT Scholarships: The Consejo Nacional de Ciencia y Tecnología offers scholarships for studying abroad. Preference is given to students pursuing a doctorate, but master-level applications are also accepted.


    The minimum requirements are:

    • Notification of admission from ESMT
    • Completed application for a scholarship
    • Previous academic degree
    • Minimum average grade of 8 (out of 10) in previous studies
    • Official documentation proving Mexican nationality and CURP
    • TOEFL (>550 PBT, >213 CBT, >90 IBT) or IELTS (>6.0)


    It is important to note that this is an organization that offers several scholarships for studies abroad, each with different requirements and different deadlines. Applicants should take a close look at the available scholarships to see which one would fit them best.



    ESMT Berlin offers a 20% tuition reduction for candidates of the Full-time MBA program who are supported by Fundación Mexicana para la Educación, la Tecnología y la Ciencia (FUNED).


    The minimum requirements are:

    • Mexican nationality
    • A minimum GPA of 8.0 (out of 10) in the first degree AND a first Mexican "Título" degree
    • An official Certificate of Admission by ESMT Berlin
    • An application to FUNED no later than 90 days before leaving to study the MBA


    Contact FUNED directly to apply for this scholarship.

  • Peru

    Banco de Credito de Peru offers educational loans to Peruvian students of up US$30,000.

  • Russia

    AVESA: Russian citizens accepted to ESMT are eligible to apply for Russian government-backed loans.


    Rosinterbank provides a loan scheme for MBA studies to Russians at competitive interest rates. ESMT’s admissions team will be glad to provide accepted students with a contact person at the bank.

  • Spain

    Various financial institutions will consider loans for students studying in the EU. The following is a list of banks which offer educational loan programs.


  • Taiwan, China

    The Ministry of Education administers a loan program with the Central Bank of Taiwan and seven other Taiwanese banks.

  • United States

    ESMT participates in the US Department of Education federal financial aid program. You are eligible for a direct loan if you are a US citizen or a permanent resident (green card holder) of the US and a student at ESMT. The school borrower code is G41765 when filling out the FAFSA application.


    Please note that not all programs at ESMT are eligible for the US federal financial aid program. Only students admitted to the Master in Management, Full-Time MBA or Executive MBA programs are eligible to apply.

    Students admitted to the Part-time and Global Online MBA programs are, unfortunately, NOT eligible to apply for US federal financial aid.


    Interested students should inform ESMT’s Student Services Office that they plan to apply for federal loans via the following address:


    To ensure the funding is available when the program starts, the application deadline for students applying for US financial aid is at least three months prior to program start. Find more information about US federal student loans here.


    Private loans are available for American students at the students' preferred banking institution.