Grants for international studies

International exchange grants

Support for international student exchange helps students financially when studying abroad.

The aid may be granted primarily to those studying for Bachelor’s or Master’s degrees in business. It may be granted for an exchange lasting for at least one semester. The aid may be granted in half for exchanges of shorter duration, if the program is organized by a partner school of the Aalto University School of Business and its length is a minimum of three weeks. One student may receive the aid once during their studies.

In 2019 KY Foundation gave 270 students financial aid for a total sum of 200,000 euros.

NOTE: The international exchange grant will be discontinued after the year 2019-2020. It will not be possible to apply for the exchange grant in 2020 anymore.

The application period is now closed.

Frequently asked questions

To what exchange studies can I receive the grant?

The purpose of the grants is to support Aalto University School of Business BSc and MSc degree students in their international exchange studies.

A decision on awarding a grant can be made after the student has received an exchange place in a foreign university of Economics/Business or another educational institute. The International Exchange Grant may primarily be awarded for an exchange period of at least one academic semester.

The grant may be awarded halved also to an academic period shorter than one semester, if the program is organized by a partner university of the Aalto University and the duration of the program is at least three weeks. An accepted program may be e.g. a summer program organized by some partner university of the Aalto University.

How is the amount of a grant decided?

The size of an individual grant will be determined according to the continent by the following multipliers:

Europe 1.0x
North America, Asia & Africa 1.3x
South America, Australia & New Zealand 1.6x.

The factor x will be determined after the number of applications and destinations are known. If the academic period is shorter than one semester the grant is awarded halved.

When do I get the money?

The applicants that go for their exchange during fall will receive the grant between July and August and the applicants that go for their exchange during the following spring will receive the grant by latest at the end of November.

My exchange was cancelled. What do I do if I already received the grant?

Please inform Juho Paavola, the Managing Director of KY Foundation and you will be given further instructions on how to return the grant.

I'm already in my exchange. Can I still apply?

Sure. The application form is posted here so you can fill it anywhere!

I have already received this grant once. Can I apply for a second time?

Unfortunately no. The grant can be received per person only once (either during BSc or MSc studies, not both). The applicant is not eligible for the KY Foundation International Exchange Grant if s/he has already received an International Exchange Grant from the Student Union of the Helsinki School of Economics.