Financial Assistations

Financial Assistance for Bangladeshi Students in Hungary

Build a clear, visa‑ready financial plan for your studies in Hungary. We help you estimate costs, target scholarships, prepare sponsor/loan documents, and pay fees safely—so you can focus on your admission and arrival.

What we do

Personal budget planning for your program and city (Budapest, Debrecen, Pécs, Szeged, etc.).

Scholarship targeting and application coaching (Stipendium Hungaricum, university discounts, Erasmus+ where applicable).

Proof‑of‑funds guidance for long‑stay D visa and Residence Permit for Studies.

Sponsor documentation templates and review (affidavit/guarantee letters, bank statements, income proofs).

Education‑loan briefing and fee‑payment/remittance support via official channels.

Cost‑saving strategies before and after arrival; emergency fund planning.

Main funding sources 1) Stipendium Hungaricum (SH)

Covers: full tuition waiver, monthly stipend, accommodation contribution (dorm or allowance), and medical insurance (as defined each call year).

Levels: bachelor’s, master’s, one‑tier master’s (e.g., medicine), and doctoral programs.

How to apply: apply on the official SH portal and through the designated sending partner in Bangladesh; choose up to two programs. Deadlines are typically in winter for September intake.

2) University merit scholarships and tuition discounts

Entrance awards or 10–50% tuition reductions based on grades, test scores, portfolio, or competition results.

Some faculties offer performance‑based stipends after the first semester.

3) Erasmus+ opportunities

Credit Mobility: after you enroll in a Hungarian university, you may study one semester abroad in the EU with a monthly grant (selection is internal).

Erasmus Mundus Joint Masters: separate application to joint programs that may include a Hungarian partner and offer full scholarships.

4) External grants, sponsorship, and part‑time work

Government/bilateral schemes and foundation grants may be available depending on the year.

Family sponsorship is common; prepare clean financial trails and income evidence.

Student permits generally allow limited part‑time work; treat this as a supplement, not a primary funding source.

Sample budget planner (indicative) Item Budapest (EUR) Other cities (EUR) Tuition (many programs) 2,500–7,500 per year 2,000–6,500 per year Living costs 450–900 per month 400–750 per month Insurance 100–300 per year 100–300 per year Residence/administration fees 150–300 per year 150–300 per year Flights and initial setup 500–1,000 (one‑time) 500–1,000 (one‑time)

Figures are typical ranges. Your actual costs depend on university, program, housing type, exchange rates, and lifestyle.

Proof of funds for visa/residence

Show the ability to cover tuition and living expenses for at least one academic year, plus valid accommodation and health insurance.

Universities often publish a minimum living‑cost estimate used for financial proof. Plan conservatively (for example, 6,000–8,400 EUR for one year of living, in addition to tuition), but always follow the exact amount and format required by your university and the authorities.

Acceptable evidence may include bank statements (recent, with sufficient balance), fixed‑deposit certificates with encashment rights, official scholarship letters, or sponsor guarantees with income documents.

Keep originals and certified translations where requested; submit via VFS/consulate per instructions.

Sponsor documentation checklist

Sponsor letter/affidavit stating relationship, commitment amount, and duration of support.

Recent bank statements (commonly 3–6 months) showing sources of funds and current balance.

Income evidence (salary certificates, business trade license/returns, tax statements, rental or interest income proofs).

Fixed‑deposit certificates or savings certificates (with maturity/encashment details).

Copy of sponsor’s passport/NID and contact details.

Education loans (overview)

Some students use education loans for tuition/living expenses. Lenders may require co‑signers, collateral, admission letters, fee schedules, and bank statements.

Compare interest rates, processing fees, grace periods, and forex conversion charges before choosing a lender.

Keep all loan sanction letters and disbursement proofs for visa/residence files.

Paying tuition and living expenses

Follow the university’s invoice and payment instructions; use bank transfers/SWIFT to official accounts only.

Include your student ID or invoice reference in transfers; keep receipts for visa/residence and registration.

Consider opening a Hungarian bank account after arrival for rent, utilities, and stipend deposits.

Track exchange rates and transfer charges; avoid carrying large cash amounts.

Cost‑saving strategies

Apply early for Stipendium Hungaricum and university tuition discounts.

Choose dorms or shared apartments; split utilities with roommates.

Use student transport passes and campus meal discounts; rely on libraries and open‑access materials.

Set a monthly budget and keep a small emergency fund for healthcare or housing deposits.

Timeline for September intake (suggested)

Oct–Dec: shortlist programs; estimate tuition and living costs; plan scholarship targets.

Jan–Mar: submit university and scholarship applications; prepare sponsor/loan files.

Apr–May: receive decisions; arrange deposits and scholarship confirmations.

Jun–Jul: finalize proof of funds, insurance, and accommodation; book VFS.

Jul–Aug: remittance of fees, travel booking, and pre‑departure budgeting.

FAQs Can I combine scholarship and family sponsorship?

Yes. Many students use a scholarship for tuition and a sponsor for living costs. Ensure documents clearly show the split and cover the full required amount.

Will part‑time work cover my expenses?

Treat part‑time work as a supplement only. Base your visa financial plan on savings, sponsorship, loans, or scholarships.

Which currency should I plan in?

Universities invoice in EUR or HUF. Keep a EUR‑based budget and allow for exchange‑rate changes and bank fees.

Get financial assistance

Share your profile for a free budget and funding review. We will map scholarships, estimate total costs for your city and program, and prepare visa‑ready financial documents.

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Disclaimer: Information is for guidance only. Scholarship rules, tuition, exchange rates, and immigration requirements change—always verify with your university and the relevant Hungarian authorities.