At present, GSEFM does not charge tuition for students enrolled in one of its degree programs on a full-time basis. There is a university-mandated registration fee of approximately 370 Euro which is to be paid to Goethe University’s central Student Service Center (SSC) each semester. Payment of this fee inter alia entitles students to unlimited use of public transportation services in the Frankfurt-Mainz-Darmstadt region (and beyond) for the entire semester, and to visit public museums in Frankfurt free of further charge.

Financial Aid

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 who on the application form checked the box for "My application is for "Ph.D. and MSQ", and I request to be considered for financial aid." will be considered for financial aid in the form of a stipend/scholarship for the first year of studies.

There are two forms of first-year stipends/scholarships (all of which are granted on a competitive basis): (1) Stipends/scholarships funded and granted by one of the Ph.D. programs. (2) Stipends/scholarships funded and granted by the Chair for Macroeconomics and Development, the German Academic Exchange Service, the Institute for Monetary and Financial Stability, Interdisciplinary Public Policy or the Leibniz Institute for Financial Research SAFE. As detailed on the application form, some of these latter stipends/scholarships are restricted to specific groups of applicants. Please carefully check your eligibility.

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 interviews. Applicants nominated by the admissions committee for a stipend/scholarship program that requires further input from the applicant will be guided through the steps of the stipend/scholarship selection process. As all financial aid may be awarded during the first or second stage of the admissions process, GSEFM strongly recommends to submit applications by January 31 or March 31 of the calendar year for which admission is being sought, and whenever possible indeed by January 31.

In addition to the aforementioned funding options that can fully cover the estimated cost of living, all eligible GSEFM students enrolled in the MSQ program (also) are encouraged to apply for a "Deutschlandstipendium", 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 Austauschdienst" 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").

Please take into account that typically it is not possible in Germany to simultaneously receive more than one publicly-funded scholarship.