Money makes the world go round – this simple piece of wisdom also applies to student financing. There are many paths leading to the goal. In addition to the classic way of gifted students receiving scholarships, there are other funding opportunities such as grants or affordable loans to look out for. Learn about some possibilities to finance your Master degree.
Today: Julian Allendorf, Konrad-Adenauer-Stiftung scholarship for students with exceptional academic achievement
While completing his first academic degree at Münster University of Applied Sciences (MUAS), Julian Allendorf was part of a select group of gifted students who received a scholarship from the Studienstiftung des Deutschen Volkes (German National Academic Foundation). This support included financial assistance as well as other opportunities to strengthen the students’ character and seminars for professional development and intercultural exchange.
So which institutions could Julian Allendorf approach now with regard to his second degree? Being politically active in his home municipality, he came up with the idea of submitting an application to Konrad-Adenauer-Stiftung. This foundation supports students with outstanding academic achievements and social commitment. “The chances of being accepted into one of their programs are much better than at Studienstiftung des Deutschen Volkes,” he says, adding, “However, it is important to submit the application in good time.”
The 24-year-old, who is currently completing a full-time M.Sc. program at HHL, would generally advise all applicants to study the requirements and opportunities connected to scholarships from political foundations. “There are many ways leading to one goal. And there are just as many foundations.”
Julian Allendorf now receives a monthly book allowance of EUR 300 from the Konrad-Adenauer-Stiftung. “As I no longer want to rely on my parents’ support for my second academic degree, this scholarship as a great relief for me.” Incidentally, the foundation offers supplementary funding for terms abroad. The additional non-material support which scholars like Julian Allendorf enjoy is also of great value. For example, the young student from the Münsterland area regularly attends the regional meetings of Konrad-Adenauer-Stiftung in Leipzig. “This network is just as important to me as the financial support.”