The total tuition fee for the MSc Program is EUR 21,500 (excluding travel expenses and cost of room and board).

Computer equipment, lodging during the modules in Vienna and Bruck/Leitha (if necessary), flight, lodging and other costs for the field studies are at the expense of the participant.

Tax Deduction and Financial Benefits*

In Austria the tuition fee and all other costs incurred (e.g. travel expenses or accommodation) are fully tax deductible for employees as well as for self-employed persons. Depending on your income, you can save up to 50% of the tuition fee.

If your company covers the tuition fee (or a part of it) this may be a win-win situation for both sides. Unlike bonuses, for example, tuition fees are exempt from taxation and the financial advantage amounts up to 50%. And, your employer benefits too because there are no payroll related costs. Moreover, the Austrian state shares the costs with the employer and covers 31% (in case of a public limited company) or 61% (in case of an individual enterprise). As for the employers, not only tuition fees are fully deductible, they are also entitled to a 6% education bonus or a 20% education tax exemption alternatively.

Information about tax deductions in Austria is available at www.bmf.gv.at, opens an external URL in a new window. For tax arrangements of other countries please refer to the responsible institution of the respective country.

_{* Errors and omissions excepted!}

Financing Options and Grants

Further information about grants for employees, entrepreneurs and companies in English language is available here, opens in new window. More comprehensive information about grants, education financing by banks, tax deductions or other financial advantages in German language is available here, opens an external URL in a new window.

We also recommend you to contact your local authorities or relevant institutions for information about special grants and scholarships.

Scholarships

Exciting Opportunity: Green Energy Tuition Waiver for MSc (CE) Renewable Energy Systems

We are pleased to announce the Green Energy Tuition Waiver, offering a 30% discount on tuition for the MSc (CE) Renewable Energy Systems program. This waiver is available to two high-potential individuals eager to advance their careers in the renewable energy sector.

Green Energy Tuition Waiver
Accelerating Careers in Renewable Energy

If you’re passionate about making a difference in the renewable energy industry, the Green Energy Tuition Waiver could be your pathway to success. With a 30% discount on the program’s tuition fees, this opportunity is designed to support professionals aiming to deepen their expertise and impact in the field.

Waiver Details:

• Tuition Discount: 30% off the full program cost
• Participation Cost for Recipients: EUR 15,050 plus travel expenses and accommodation

Eligibility Criteria:

• First academic degree
• Minimum of two years of professional experience
• Proof of financial need (payslip)

Application Process: To apply, submit your complete application by October 6, 2024, including:

• Application Form
• Curriculum Vitae (CV)
• Letter of Motivation addressing key questions such as your interest in the program, how you plan to balance your professional and personal life with the blocked lecture schedule, and how you will manage the financing of the reduced tuition fee and associated costs.
• Certificates of Previous Degrees
• Proof of Working Experience
• Copy of Passport and One Passport Photo

Selection Process: After reviewing the applications, selected candidates will be invited for a personal interview with a jury. Two high-potential candidates will be awarded this tuition waiver. The final decision is binding, and no legal recourse is permitted.

For more information or to apply, send your complete application to newenergy@tuwien.ac.at by October 6, 2024.