Tuition fees and scholarships

Here you will find information on the tuition fee and scholarship scheme for degree studies and more.

Tuition fees  

In Finland, tuition fees are collected from students who are not citizens of the European Union (EU) or the European Economic Area (EEA) member states or Switzerland.   

Tuition fees apply to Bachelor’s and Master’s degree programmes taught in English. 

Non-EU/non-EEA citizens studying in English in Master's or Bachelor's degree programme.

 Studies are free of charge for the following groups  

  • 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 in English as language of tuition for non-EU/EEA degree students who hold specific residence permits as listed below.   

Residence permits exempting from tuition fees  

  • EU Blue Card in Finland  
  • EU Family Member's Residence Card in Finland  
  • Continuous residence permit card in Finland, Type A permit (not applicable when issued based on studies)  
  • EU residence permit for third-country citizens with long-term residence permit card in Finland (Type P-EU)  
  • Permanent residence permit card in Finland, Type P permit  
  • Proof from the Finnish Immigration Services that I have registered, or applied to register, my EU right to residence in Finland (UK citizens)  
  • SEU-sopimuksen 50 artikla = Right of residence under the withdrawal agreement (UK citizens)  
  • P SEU-sopimuksen 50 artikla = Right of permanent residence under the withdrawal agreement (UK citizens)

The above information on residence permits that exempt from tuition fees may change due to amendments proposed by the Government to the Universities Act. The information will be updated as the legislative process progresses, and the law enters into force. More information on the proposed amendments can be found on the Government's website.  

Validity and requirements concerning the residence permits  

For a permit to be accepted as a ground for exemption from tuition fees, the residence permit needs to be valid be valid when each academic semester starts as follows:  

  • 1 August for the Autumn semester, and on  
  • 1 January for the Spring semester.  

For first year students the permit must be valid both on 1 August and 1 January the first year of enrolment to exempt from the tuition fees, since first year students must register as present for the whole first academic year according to the Universities Act.   

Note that it is not sufficient to have a card renewal in process, but the student needs to hold the sufficient residence permit on the above listed dates.  

If you are exempted from tuition fees on the grounds of your residence permit, upload copies of both the front and back sides of your residence permit card to your application form.   

If your residence permit expires before 1 August, you are considered liable to tuition fees at the time of applying.   

See Studyinfo.fi for more information about determining your liability to pay tuition fees and about tuition fee exemptions.

The tuition fees for studies starting on 1 August 2024 and later are the following:  

  • Bachelor’s degree studies: 12 000 euro/academic year  
  • Master’s degree studies: 15 000 euro/academic year  

The tuition fee covers educational expenses such as courses, academic supervision, exams, counselling and university support services such as student services, library services and IT services in accordance with the university regulations.   

The tuition fee does not cover living costs, personal study related costs such as study materials or other costs that may be charged according to the university rules or national legislation. The tuition fee does not cover the compulsory Student Union membership fee or the Student Health Care fee.

No, if you are liable for tuition fees, you can neither register as present nor start your studies before you have paid the tuition fee for the academic year.

There are fees in connection with applying (GMAT/GRE, language test, possible application fee). In addition, there are immigration costs and naturally you must be able to cover your living costs in Finland (at least 700 euros/month). Read more under the Fees and living costs page

Scholarships

Hanken offers a few scholarships for students liable for tuition fees, normally in the form of tuition fee waivers.

The number of scholarships is very limited. Among the regular Hanken scholarships there are no scholarships that cover the full tuition fee or living costs (except for the GBSN Premium Scholarship), that is why the applicant must have a solid financial background.  

The scholarships at Hanken are merit-based. All scholarships are awarded to the highest-achieving applicants based on the programme's evaluation criteria. A student can only one hold one type of Hanken scholarship per academic year.

You can apply for scholarships if

  • You are eligible for the programme you are applying to.  
  • You are liable for tuition fees: citizens of non-EU/EEA countries who do not have permanent residence status in Finland are liable for tuition fees.
  • You meet the requirements for obtaining an entry visa and residence permit for Finland.  
  • You have obtained excellent study results in your previous studies and your studies are relevant for the programme you intend to apply to.

Scholarships – Admission phase   

Hanken Premium Waiver  
  • Tuition fee waiver of 50 % of tuition fee for duration of first degree at Hanken.
  • Validity: 3 years for Bachelor’s degree and 2 years for Master’s degrees  
  • Selection of recipients: the scholarship is awarded to excellent students based on academic success and/or points in the admission method during the admission stage.  
  • The requirement during the studies is to complete at least 60 ECTS by the end of each academic year, that is by 31st July, for the scholarship to continue the next academic year.  
  • If the student fails to complete 60 ECTS/academic year they will lose the Hanken premium waiver scholarship.
Hanken Waiver  
  • Tuition fee waiver of 25 % of tuition fee for first academic year of enrolment.  
  • Validity: first academic year of enrolment only.  
  • Selection of recipients: the Scholarship is awarded to very good students based on academic success and/or points in the admission method in the admission stage. 
Hanken Premium GBSN Scholarship  

(available for Master programmes only)  

  • Tuition fee waiver 100 % for duration of first degree at Hanken and 8000 EUR/year for living expenses.  
  • Validity: 2 years.  
  • Selection of recipients: the scholarship is only awarded to students currently studying at or alumni of GBSN member schools from specific developing countries.  NOTE! No other applicants are eligible for this scholarship.
  • The requirement during the studies is to complete at least 60 ECTS and achieve a GPA of 3.0 by the end of each academic year (31 July) for the scholarship to continue the next academic year.  The recipient commits to contributing to a limited amount of student recruitment activities during their studies at Hanken.  
  • Note that the scholarship is only awarded to eligible applicants within the Master’s Main Admission round.  
  • Read more about the very specific requirements to be eligible for the scholarship.

Scholarships – continuing students

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  
  • Selection of recipients: all students liable for tuition fees who have completed 60 ECTS during the preceding academic year and applied for the scholarship timely, will be awarded the scholarship.  
  • Continuing students must apply separately for the scholarship for continuing students in Spring semester.
  • You apply for scholarships directly on the application form for admission.   
  • You cannot get a scholarship if you have not applied for it during the application period.  
  • Applying for a scholarship will not affect your application to the degree programme.  
  • The scholarship decision is given simultaneously with the admission decision.
  • According to the Universities Act, scholarship decisions cannot be appealed. 

No, scholarships are study-option-specific. For example, if you have been granted a scholarship for your second study option within the Master’s admission, it is not possible transfer the scholarship to your first study option if you are admitted to that study option as well. You lose the scholarship if you do not accept the study place bindingly to your second study option.   

Applicants admitted off the waiting list are not offered scholarships. The number of scholarships is limited and is only granted to applicants ranked the highest.   

Students who are liable to tuition fees and are admitted off the waiting list must cover the tuition fees and living expenses (at least 700 euros per month) from their own financial resources.  

If you do register for the academic year timely you will lose your scholarship. First year students must be registered as present for the whole first academic year according to the Universities Act. The only exception is if you have legal grounds for registering as absent, in this case the scholarship can be transferred to the year when you start your studies.   

If your liability to pay tuition fees changes, you will also lose the right to the scholarship. If you are a GBSN Scholarship recipient, you can lose the scholarship if you do not fulfil the annual requirement for completed ECTS and GPA.