When planning your studies, it's essential to budget for various expenses beyond tuition. You will need to cover your rent, living expenses, study materials, and, if applicable, costs for a residence permit and health insurance. These costs will vary depending on your lifestyle and choices during your stay.
For example, the cost of housing can differ significantly, and if you plan to travel, you'll need to account for additional expenses. For a reasonable standard of living in the Netherlands, you should have an income of at least €1,150 per month or € 13,800 per year (excluding the tuition fee). Further information about the costs of living in the Netherlands and related subjects can be found on this website.
Are you applying for a scholarship?
If you're concerned about managing these expenses, applying for a scholarship could help alleviate some of the financial burden. When applying for a scholarship through RSM, it’s important to demonstrate your financial need and ability to cover the costs mentioned above.
To support your application, you are required to complete the Scholarship Financial Assessment Form (MSc) or Scholarship Financial Assessment Form (IBA). This document, which outlines your estimated expenses and income, must be uploaded through the Online Application Form (OLAF). It is mandatory for all scholarship applicants, and the details provided will be used to assess your eligibility and financial need for the scholarship.