German Academic Scholarship Foundation, Headquarters, Bonn | |
Scholarship foundation overview | |
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Formed | 1925 |
Jurisdiction | Germany |
Headquarters | Bonn |
Annual budget | €103 million |
Scholarship foundation executives |
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Website | studienstiftung.de |
The German Academic Scholarship Foundation (German: Studienstiftung des deutschen Volkes, or Studienstiftung for short) is Germany's largest[1][2] and most prestigious scholarship foundation.[3] According to its statutes, it supports "the university education of young people who, on account of their exceptional academic or artistic talents and their personalities, can be expected to make an outstanding contribution to society as a whole".[4] The Studienstiftung is non-political, non-denominational and ideologically independent. Its headquarters are located in Bonn; it also has an office in Berlin. The current president is University of Bonn director Michael Hoch , and its patron (Schirmherr ) is the President of Germany, Frank-Walter Steinmeier.[5]
The Studienstiftung, like 12 other scholarship foundations (Begabtenförderungswerk ), is funded by the German Federal Ministry of Education and Research,[6] with funds from the federal government, the German federal states and local authorities, numerous foundations and businesses as well as numerous private donors.[7] In 2015, the Studienstiftung's budget was over €103 million. Between 1925 and 2015, it has supported over 65,000 students and doctoral candidates; as of 2015[update], it had over 60,000 alumni worldwide.[8]
The selection process is extremely rigorous and only those students who show outstanding academic and personal promise are chosen. The Studienstiftung awards scholarships to fewer than 0.5% of German students.[9] It is often referred to as Germany's "secret elite university".[10]
Eine Förderung durch die Studienstiftung des Deutschen Volkes ist nicht nur wegen des monatlichen Förderbetrages attraktiv. Das Stipendium gilt auch als höchste Auszeichnung im Feld akademischer Begabtenförderung.