At present, the GSEFM does not charge tuition for students enrolled in one of its degree programs on a full-time basis. There is a registration fee of approximately 360 Euros which is to be paid to the Goethe University’s central administration each semester. Payment of this fee also entitles students to use public transportation in the Frankfurt-Mainz-Darmstadt region and beyond for the entire semester.
Thanks to the generous support by various institutions, GSEFM can grant financial aid for a limited number of incoming Ph.D. students. All Ph.D. program applicants are eligible to be considered for financial aid in the form of a stipend for the first year of studies. In addition, Goethe University offers a two-year scholarship program that is open to applicants who (exclusively) hold degrees from universities outside of Germany. For 2019 and 2020, GSEFM can nominate up to two incoming international Ph.D. students for the DAAD "Graduate School Scholarship Programme". These DAAD stipends will typically be granted for a period of up to three years, with a possible extension of up to one further year. The website of the DAAD "Graduate School Scholarship Programme" offers further detailed information on this program. GSEFM particularly encourages students from developing and emerging market economies to take advantage of the DAAD "Graduate School Scholarship Programme".
Ph.D. program applicants are considered for the stipend/scholarship programs that they qualify for, and such financial aid is granted on a competitive basis. Some of the scholarship programs require submission of further material (beyond what needs to be submitted as part of the admissions process) and/or involve video interviews, and applicants nominated by the admissions committee for stipend/scholarship programs will be guided by GSEFM staff through the steps of the stipend/scholarship selection process. As all financial aid may be awarded during the first round of admissions, GSEFM strongly recommends to submit applications by January 31 of the calendar year for which admission is being sought. It will also be useful for applicants to indicate on the application form whether they anticipate being able to join GSEFM if no financial aid could be granted.
In addition to the aforementioned funding options that can fully cover the estimated cost of living, all GSEFM students (also) enrolled in the MSQ program are encouraged to apply for a "Deutschland Stipendium", a scholarship program that grants a monthly stipend in the amount of about 300 Euro per month, and is awarded on a competitive basis to students from all faculties of Goethe University.
Finally, there are various external scholarship programs for which GSEFM students may apply. Sources of such funding inter alia include individual stipend programs of the "Deutscher Akademischer Auslandsdienst" as well as of leading German foundations ("Studienstiftung des Deutschen Volkes", "Stiftung Geld und Währung", and foundations of the main German political parties/interest groups – "Begabtenförderungswerke").