Tuition fees and Scholarships

• Most non-EU/EEA citizens are required to pay tuition fees for their degree studies with English as language of tuition in Finland.
• For the following groups studies are free of charge:
  • EU/EEA citizens
  • PhD studies
  • Exchange studies
  • Bachelor's or master's degree studies with Swedish as language of tuition.
  • Bachelor’s or master’s degree studies with English as language of tuition for degree students from non EU/EEA countries who hold specific residence permits (section: “Who does tuition fees not apply to?”)
    • NOTE! In order for you to be allowed to register as present for the whole academic year, your residence permit must be valid both on 1st August and on 1st January annually. It is your responsablity to only register for the academic sememster you in fact are exempted from tutition fees based on your residence permit.

New international degree students will have a session covering practicalities concering scholarship and tuition fees during the Orientation days.

The tuition fees at for study rights started on 1.8.2024 and later are the following:

The tuition fee for study rights started on 1.8.2023 or earlier are the following:

Students who have been granted a Hanken scholarship for students liable for tuition fees, are exempted from part of the full tuition fee as stated in their scholarship certificate. The tuition fee is collectable.

Students laible for tuition fees must pay their tuition fee for the consequent year of study before they can register as attending. Students who wish to enrol as absent should not pay the tuition fee (note that first year students cannot register as absent without a  legal reasons).

The deadline for completion of the tuition fee payment annually:

• First year students: 15th June
• Students admitted from the waiting list: 1st of August
• Continuing students: 1 August for whole academic year or just the Autumn term & 30 November (just for the Spring term)
  • Students can also opt to complete the payment by the deadline set for 1st year students if they e.g. need to register as present earlier to be able to renew their housing contract or residence permit. 
    • Note, if you are renewing your residence permit which exempt from tuition fees during the spring/summer the Finnish Immigration Services normally require you to be registered as present for the upcoming academic year in order to renew your permit.
       
• If a student does not pay the tuition fee timely (or register as absent*), they have neglected the annual registration and will lose their right to study at Hanken. Students however have the right to apply for re-matriculation if they pay the tuition fees and an additional re-matriculation processing fee.

• The payments are completed through regular bank transfer.
• Please notice that international transfers can take up to 30 days to be completed so complete the payment well in advance before the payment deadline.  
• Only pay the part of the tuition fee which your scholarship does not cover (e.g. Hanken Waiver Scholarship for Bachelor students cover 25 % of the tuition fee - pay 75 % of the full tuition fee,i.e. 9000 EUR).
• Only once the payment is done AND Hanken has confirmed the payment to you, you will be able to enrol as present for upcoming semester or academic year by paying the Student Union fee. Students liable for tuition fees cannot register as present before the tuition fee has been paid and registered in Sisu.
• NOTE! By paying the tuition fee, you accept the conditions set in the Hanken return policy for tuition fees.

• First year students must pay the full tuition fee for the whole academic year at once since they must be registered as present during the whole first acacemic year according to the Universities Act. The only exeptions is students who have legal reasons to register as absent - the recommendation is then to register as absent for the whole first academic year since the course offering is structured to have the studies start in the Autumn. 
• Continuing students can choose if they wish to pay the tuition fee for one academic semester or for the whole academic year at once. If you pay the tuition fee for e.g. only the Autumn term, you can only register as attending for the Autumn term and non-attending for the spring term.

• The payments will only be checked after the payment deadline has passed, that is 16 June at the earliest for the 15 June deadline and 2 August for the 1st August deadline.
• You will receive an e-mail confirming the payment thereafter and info on how to register as present.
• New students who still have other conditions to meet for the admission offer (such as delivering officially/digitally certified copies of your final educational document if you had not graduated at the time of applying) will not be requested to register as present before all conditions set for the admission offer have been met.

Changes to residence or citizenship status during studies will be considered as follows:

1. If the change of status means that you are no longer liable to pay tuition fees, any fees covering the time after the change will be refunded as of following:
   • A refund of tuition fees can be granted after a tuition fee instalment has been paid, but before the annual registration for the semester in question has ended (31 August for the autumn semester and 15 January for the spring semester). 
   • The student must hence provide documentation of the eligibilty for a refund of the tuition fee before the annual registration for the semester in question has ended. More info in the section "Can a tuition fee be refunded?"
2. If your status changes so that you become liable to pay tuition fees, the liability will begin as of the following term.

Info on which residence permits exempt from tuition fees and the validity regulations are listed on the page for tuition fees for applicants (section: “Who does tuition fees not apply to?”).

• If your liability for tuition fees changes, you are responsible for informing Hanken within one month of the change in status.
• Submit a copy of the document (both sides of residence permit cards) through this e-form.

• All students liable for tuition fees have received the Hanken Tuition fee return policy upon admission. Students can only recieve a refund based on the reasons listed in the return policy by presenting official documentation of the reason you entitled to a refund.
• The application and the offical documentation of the reason you are entiteled to a refund must be submitted before the end of the registration period for the subsequent semester:
  • Tuition fees paid for the Autumn semester: 31 August
  • Tuition fee paid for the Spring semester: 15 January 
     
• You apply for a refund by filling out this e-form and submitting the required certificate(s).
• If you application is accepted, your will be requested to submit your banking details for the refund through the refund form to the Office of Finance and Accounting at Hanken School of Economics. Note that the refund can only be transferred to a bank account which is in your name.

• If you are granted a scholarship, you receive your scholarship decision with the admission offer as well as the Hanken Return Policy for tuition fees.
• If you are admitted from the waiting list, you cannot be granted a scholarship.
• On the Orientation days, you will have a session covering practicalities concering scholarship and tuition fees.

For continuing bachelor’s and master's degree students who are liable for tuition fees, Hanken offers the following scholarship for studies completed within the target time for the respective degree (3 years for Bacehlor's degree studies and 2 years for Master's degree studies):

Hanken honor waiver

• Tuition fee waiver of 25 % of tuition fee for
  • Bachelor’s degree students: 2nd and 3rd year of enrolment
  • Master's degree students: 2nd year of enrolment
• Granted annually (for 2nd year of enrolment onwards)
• Validity: maximum 1 year

Who is eligible for the scholarship?

• This scholarship is only available for students admitted 2024 or later.
• Only Bachelor's degree students attending their 2nd or 3rd year of enrolment* and MSc degree students attending their 2nd year of enrolment* are eligible for the scholarship.
• The student must have completed 60 ECTS during the preceding academic year and applied for the scholarship within the set application period.
• NOTE! If you are already holding another Hanken scholarship for students liable for tuition fees for the upcoming academic year, you are not eligible for the Hanken Honor Scholarship since it is only possible to hold one Hanken scholarship at a time.

* if you have been registered as absent for an academic year(or years), the years registered as absent are not counted when it comes to eligiblity for the scholarship. Hence, you are eligible for the scholarship for the years registered as present in accordance with the study years listed above.

Application period

• The application for the Hanken Honor Waiver Scholarship is open 1st May-31st May annually.
• Only students who have applied for the scholarship timely and fulfil the scholarship requirements will be considered.
• You are also free to apply for other available scholarships.

Processing of applications

• The total amount of completed credits are checked after the following set check-points when all completed credits must be registered in Sisu:
  • 15 June and
  • 31 July.
• The June date is to ensure that the credits completed during teaching period 4 have been registered in Sisu before the check is completed (according the regulations, examinators have 2 weeks to correct the exams and 1 week is reserved to complete the registration of the results in Sisu).
• It is ok to fulfill the scholarship requirements at either check-point and thereafter be granted the scholarship.
• Please note that it is always the student’s responsibility to ensure that the completed credits have been registered timely before the set checkpoints to fulfill the scholarship requirements.
• All students who fulfill the scholarship requirements at the given checkpoints, will be granted the scholarship and receive a scholarship certificate within 2 weeks via e-mail.

• Refer mainly to the information in your scholarship certificate received upon admission.
• The exact check-point timetable for completed credits and the living cost grant payment timetable is shared in September for each academic year.

• If you are a student liable for tuition fees about to graduate, it is important to plan your studies so that you official graduation date is before the end of the academic year (i.e. 31 July annually). You can only graduate when you are registered and present, and in order to registered as present you would have to complete the tuition fee payment for another semester if a new semester has already started when you apply for graduation. 
• Submit your thesis, complete your maturity test and apply for your degree certificate Opens in new window  no later than 31 July to not become liable for tuition fees on 1 August when the new academic year starts. Hence, it is okay that you only receive your degree certificate in October if you have applied for graduation no later than 31 July.
• If you realise that you will not be able to submit your thesis. complete the maturity test and apply for your degree certificate before 31 July, you will need to pay the tuition fee as instructed above. Pay the tuition fee by 15 June or 1 August.