Requisition, Payment and Repayment

Requisition, Payment and Repayment

Payment of grants during summer 2024

Please note that the last day for payments of grants before the summer holidays is Thursday 20 June, so if you wish to have your grant paid out before the summer holidays please submit the signed requisition form (and any other documents that fulfill possible conditions) no later than Wednesday 19 June to Next chance for payments is in the beginning of August

Requisition and payment of an Awarded Grant

Persons that are awarded grants are sent an email containing information on how to requisite/confirm the use of the grant. The requisition is done through the application system. At this point the grantee provides his/her bank account number and social security number. The requisition form is to be submitted in the online application system as well as signed and submitted to the Scholarship Liaison Officer at Only when this procedure is completed can the awarded grant be paid.

Payment of Grants

The grants are paid on a regular basis, approx. twice a month.

Note that payment of the grant is only possible after it has been requisited and the form signed and submitted (see info above).

If the grantee does not requisite the grant for the purpose stated, the awarded amount will (as a rule after one year) be returned to the fund. Please fill out the requisition form in the system also when you know that you are not going to use the grant, and submit the signed form in the system as well as to

Repayment of Grants

If you are unable to use the grant entirely or the amount granted exceeds the costs for the intended purpose, the awarded/exceeding amount must be returned to the fund, normally no later than one year after it was awarded. Unused, already paid funds are to be repaid to the Hanken Foundation's account:

Bank account holder: Stiftelsen Svenska Handelshögskolan 
Nordea IBAN: FI93 2185 3800 0001 32 

The payment should include the name of the grantee, grant number (stated in the grant decision) and the text "repayment of grant". Please inform the Scholarship Liaison Officer if grants are to be repaid: