Non-scholarship Financial Aid
1. Tuition Instalment Plan
The annual tuition fee can be paid in monthly instalments at 0% interest. Details of the instalment plan are available here.
2. Work‑Study Programme (WSP)
Paid, part‑time campus jobs that help you fund your studies and build experience.
Who it’s for: Enrolled undergraduate and postgraduate students at UNIC Athens.
What it’s not: Work‑Study is not a scholarship and not a tuition waiver. You are paid hourly for approved hours worked.
Programme at a glance
| Parameter | Setting |
|---|---|
| Maximum hours | 20 hours/week |
| Wage rate (2025/26) | €6.60 gross/hour |
| Social security (EFKA) | Employer 13.33%; Student 6.67% withheld |
| Contract type | “Student Employment Agreement” registered in ERGANI |
| Pay schedule | Monthly via University payroll |
Eligibility & Priority
- Good standing: You must be academically and disciplinarily eligible.
- Course load: Minimum 30 ECTS/semester.
- Residency: If applicable, hold a valid residence permit that authorises part‑time work in Greece.
Priority Tiers (assignments follow this order):
- Tier 1: Students with Yearly Gross Income Per Capita < €12 000.
- Tier 2: All other eligible students (first‑come, first‑served).
Positions are limited; work‑study is not guaranteed to all applicants each term and is at the discretion of UNIC Athens.
Job Categories
- Library & Learning Commons
- IT Help Desk & Digital Media Lab
- Admissions Ambassadors & Campus Tours
- Faculty‑led Research Assistantships
- Sports & Recreation Operations
- Student Life Events Crew
- Administrative Support (Finance, HR, Marketing)
Payroll & Timekeeping
- Time reporting: Monthly timesheets approved by your supervisor by 20th of each month (deadlines subject to final review).
- Payday: Monthly via University payroll.
Academic Standards (SAP)
- Maintain CPA ≥ 2.50/4.00 and Satisfactory Academic Progress (SAP).
- If you fall below SAP, you enter WSP probation for one semester; a second breach ends employment.
Conduct & Performance
- The University Code of Conduct applies to all WSP roles.
- Two written warnings for lateness, misconduct, or poor performance result in termination and 12‑month WSP ineligibility.
FAQs
Can international students work under WSP?
Yes. If your residence permit authorises part‑time work in Greece.
Will WSP affect my scholarships?
No. WSP is separate from scholarships and does not change your tuition discount.
How many semesters can I work?
As many as you remain eligible and positions are available.
What if my CPA drops below 2.50?
You’ll be on probation for one semester. A second SAP breach ends your placement.
3. Student Loans (Third‑Party Banks)
Finance a portion of your tuition through Greek banks.
UNIC Athens will help you direct you to options and provide you with necessary UNIC Athens documents. The University is not the lender.
Who it’s for: Undergraduate and postgraduate students at UNIC Athens.
What it’s not: A scholarship or tuition waiver. These are bank loans you must repay.
Programme at a glance
| Parameter | Summary |
|---|---|
| Lender | Independent Greek/EU banking institutions (third‑party) |
| Typical coverage | Up to 50% of annual tuition (varies by bank and profile) |
| Disbursement | Single or staged (e.g., per semester/month); often can pay directly to UNIC |
| While studying | Many banks offer interest‑only payments or in‑school grace options (varies) |
| Repayment | Begins after disbursement or after studies (bank‑specific); term length varies |
| Rate type | Preferential student pricing; fixed or variable APR determined by the bank |
| Fees | May include origination/arrangement fees; check the bank’s disclosure |
| Guarantor | A co‑signer is often required (parent/guardian or qualifying sponsor) |
| Currency | EUR |
| Timing | Apply 4–6 weeks before fees are due to allow bank processing |
Most banks will ask for proof that you can cover any remaining tuition after the loan (personal/family funds, scholarships, TIP, or work‑study).
Eligibility
- Admission & enrolment: You must be admitted and enrolled (or holding an unconditional offer) at UNIC Athens.
- Residency & status: Greek/EU students usually apply with a local bank. International students may need a resident co‑signer or to use a bank in their home country.
- Creditworthiness: Banks assess income, credit history, and co‑signer strength. Decisions are solely the bank’s.
How to apply
- Choose a bank
We’ll provide links to local banks. - Collect documents (typical bank requirements)
– Passport/ID; proof of address
– UNIC documents (Offer/Admission Letter, Tuition Certificate, Scholarship letter if any)
– Financials for borrower and co‑signer (recent payslips or employer letter, latest tax return, bank statements)
– Residence permit (if applicable) - Submit application
Follow the bank’s process for pre‑approval and final underwriting. - Coordinate disbursement
If possible, ask your bank to pay UNIC Athens directly and use staged disbursements to reduce accrued interest.
Tips to reduce your total cost
- Borrow only what you need. Apply scholarships and TIP first; finance the remainder.
- Prefer staged disbursement (per semester/month) to limit interest accrual.
- Check prepayment rules. Many banks allow early repayment (sometimes with a small fee).
- Understand variable vs fixed rates. Variable rates can increase over time.
Important disclosures
- Independent lending. UNIC Athens is not a lender and does not guarantee approval. Loan terms, APRs, fees, and decisions are set by the bank.
- Read the bank’s disclosures. Review the European Standardised Information Sheet (ESIS) / key facts before signing.
FAQs
How much can I borrow?
Banks commonly finance up to 50% of tuition, but limits depend on the bank and your/co‑signer’s profile.
Can international students get a loan?
Often yes, with an eligible co‑signer or by using a home‑country bank.
Can I combine a bank loan with TIP?
Yes. Many students borrow less and then use TIP to spread the remainder at 0% interest.
Will taking a loan affect my scholarships?
No. Scholarships are independent of loan decisions.
