The Freshmen - Jacobs University

FAQ: Financial Aid by Jacobs Financial Aid Office

When will the tuition bills be sent to us?

The Student Financial Services Office will send you your bill when it confirms receipt of your enrollment deposit. These bills will contain the amount of tuition due plus the semester ticket fee and the university fee. The outstanding amount on this bill is then due by August 15th.

Could new students pay their bills with cash once they arrive at the university?

No, the deadline for payment is August 15th, which means you would have to pay before arriving on campus.

Is the 500 € enrollment deposit discounted from the Expected family contribution?

The enrollment deposit is no longer discounted from the Expected Family Contribution. It will be placed on a separate account until you graduate from or leave Jacobs University. Please check the following link for all details regarding the Enrollment Deposit Policy: http://www.jacobs-university.de/SFS_Policies_Handbook

You will need to pay your entire Expected Family Contribution and fees before registering for classes. You will receive an invoice when you receive confirmation of the receipt of your enrollment deposit.

What is welcome money?

Welcome money was a gift of 50 Euros to all new residents of Bremen. Unfortunately, this welcome money concept no longer exists.

In case of extreme financial hardship, would I have any chance of being excused from the enrollment deposit?

No, all incoming students are required to submit an enrollment deposit and no exceptions are made to this policy. This deposit is refundable and returned after graduation.

How do you know your enrollment deposit has been received by Jacobs University after you make the payment? Do you get an email acknowledging this?

You will receive a confirmation by email from the Student Financial Services Office as soon as your deposit has arrived and been deposited by our staff. You will also receive your student bill for the first semester with this email. Please note that this might take some time.

I have the Financial Aid Package. What else am I suppose to pay for when I come?

Your expected family contribution, semester ticket fee and university fee are due by the 15th of August 15th. All new students will receive a bill of confirmation from the Student Financial Services once the enrollment deposit is received to confirm admission.

What is expected family contribution?

The expected family contribution is the amount you and your family are expected to pay to Jacobs University for tuition, room and board only (i.e. everything that has not already been covered by your scholarship and grant). The expected family contribution does not include additional expenses such as books, health insurance, laptop, etc.

I found out that we have to pay tuition and other expenses before arriving on campus. Does the enrollment deposit go into my account and will it be deducted from the total fee that I have to pay to the university. Eg: My expected family contribution is EUR 1000 annually and I have already payed EUR 500 as enrollment deposit. Do I have to pay only EUR 500 now or the whole sum of EUR 1000?

If your expected family contribution is 1000 Euros for the academic year, you will need to pay this 1000 Euros over and above the enrollment deposit of 500 Euros. Your enrollment deposit will be kept on a separate account until you graduate from or leave Jacobs University. Please check the following link for all details regarding the enrollment deposit and other payment policies: http://www.jacobs-university.de/SFS_Policies_Handbook.

What is the safest and most convenient means to take money with me to Jacobs University?

The process of opening a bank account in Bremen may take a couple of weeks. In order to be able to sustain yourself and all initial expenses until this time, it is most safe to bring most of your money in the form of demand drafts. These drafts can be converted into cash at any bank. (It is important to carry some currency/cash in hand for emergency purposes).
Once your bank account has been opened, the safest way to handle money is through your new account here in Bremen.