Below you will find a comprehensive compilation on various financing options in Austria for your continuing education.
Please note, that this list is not exhaustive and does not imply a legal entitlement to any grant or financial benefit. For detailed information contact the appropriate funding institution personally. In addition, we recommend to inquire for financial funding in your respective state.
National and International Databases for Grants and Scholarships
Please note, that some websites may only provide information in German.
Austrian Database for Scholarships and Research Grants
EU-Grants & Funding
The European Commission offers various educational and training initiatives:
Specific Grants for Single Austrian Federal States
Educational leave ("Bildungskarenz") – on the basis of agreement concluded between employer and employee – serves the purpose of Continuing Vocational Training. Within the framework of educational leave employees are entitled to take some time out from their job for a period of three to twelve months within a total period of four years. During this period of time, the salary will no longer be paid, but financial support will be provided from the Public Employment Service Austria (AMS), which is as high as notional unemployment benefit.
Click here for further information.
In Austria there are numerous tax benefits available for employees, self-employed persons as well as for companies related to financial expenditure for continuing education. These costs [e.g. books, work equipment (laptop, PC, printer, scanner), travel expenses, accommodation, internet and phone] are fully deductible as tax. Depending on your income, up to 50% of the tuition fee can be saved.
Tax benefits for employees
Costs for further education are considered tax deductible as income related expenses.
Tax benefits for self-employed persons
For self-employed persons further training costs are deductible as tax in the income tax return as business expenses. This has a mitigating effect on tax.
Tax benefits for companies
» Public Employment Service Austria (AMS)
» Funding Database of Austria Federal Economic Chambers (WKO)
» go international – funding for training of employees in foreign branches
For companies, training costs can be considered as business expenses which leads to a reduced tax base. In addition, tuition fees are entitled to a 6% education bonus (according to § 108 c Income Tax Act, EStG) or a 20% education tax exemption (according to § 4 para. 4 8 and Z 10 Income Tax Act, EStG) alternatively.
For more information, contact your tax consultant or the Austrian Federal Ministry of Finance.
Bank – Bildungsdarlehen („Bildungskredit“)
Costs related to your training program (e.g. books, PC, travel costs) can be financed with a "Bildungsdarlehen". In contrast to a coventional loan no own resources are required; payment of instalments usually starts after completion of your postgraduate program.
For more details, please contact your bank.
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