International exchange grants

Support for international student exchange helps students financially when studying abroad.

The aid may be granted primarily to those studying for Bachelor’s or Master’s degrees in business. It may be granted for an exchange lasting for at least one semester. The aid may be granted in half for exchanges of shorter duration, if the program is organized by a partner school of the Aalto University School of Business and its length is a minimum of three weeks. One student may receive the aid once during their studies.

In 2016 the KY Foundation gave 252 students financial aid for a total sum of 200,000 euros.

In 2017 the application period for International Exchange Grants was open from April 7th, 2017 until May 19th, 2017 4 p.m.

Apply for an exhange grant

The application period for the International Exchange Grants has closed. The application period was open until May 19th, 2017 4 p.m.

The working committee of KY Foundation will now process the applications. All applicants will be informed on the results in June, after the Foundations board has decided upon the Grants.

Important information!

Application announcement

THE FOUNDATION FOR BUSINESS STUDENTS IN AALTO UNIVERSITY – INTERNATIONAL EXCHANGE GRANTS 2017-2018

(Abbreviated, unofficial English version)

The Foundation for Business Students in Aalto University (KY Foundation) announces the application period for the International Exchange Grants open from April 7th, 2017 until May 19th, 2017 4 p.m.

The purpose of the grants is to support Aalto University School of Business BSc and MSc degree students in their international exchange studies.

In 2017, the grants are awarded by the foundation for expenses resulting from exchange studies in the academic year 2017-2018. In addition, the grants may be retroactively applied for by applicants who were on exchange in 2016-2017 (e.g. such free-mover exchange students who did not yet have a confirmed exchange place during the application period in 2016).

International Exchange Grant can also be awarded for internship periods abroad if the period is supported by Aalto University School of Business or accepted as a course in AaltoBIZ . Grants awarded for internships follow the same rules as International Exchange Grants in general. The grant can be awarded in full amount for internships lasting at least 3 months, for periods shorter than this the grant is halved.

The grant can be received per person only once (either during BSc or MSc studies, not both). Additionally, the applicant is not eligible for the KY Foundation International Exchange Grant if s/he has already received an International Exchange Grant from the Student Union of the Helsinki School of Economics.

A decision on awarding a grant can be made after the student has received an exchange place in a foreign university of Business or another educational institute. The International Exchange Grant may primarily be awarded for an exchange period of at least one academic semester.

The grant may be awarded halved also to an academic period shorter than one semester, if the program is organized by a partner university of the Aalto University and the duration of the program is at least three weeks. An accepted program may be e.g. a summer program organized by some partner university of the Aalto University.

Documentation:
• In the case of a free mover exchange program (students who have organized the exchange on their own) the applicant must present a copy of the official letter of acceptance from the host university.
• In the case of an academic period which has duration less than one semester the applicant must present written documentation of the content of the program. The written documentation must include the program organizer.
• Note that the clarification is not needed if the exchange place is organized via Aalto University School of Business (BSc, MSc, CEMS or BScBA programs).
• In case of internship grant a certificate of internship place or accepted course performance approved by AaltoBIZ has be presented.

In 2017, according to a decision made by the board of the KY Foundation, a maximum total of 200.000 euros will be awarded in International Exchange Grants. The size of an individual grant will be determined according to the continent by the following multipliers: Europe 1.0x; North America, Asia, Africa 1.3x; South America, Australia and New Zealand 1.6x. The factor x will be determined after the number of applications and destinations are known. If the academic period is shorter than one semester the grant is awarded halved.

The decisions on awarding the grants are made by the board of the foundation, proposed by the Grant Committee set by the board. International Exchange Grants are awarded only once a year.

The International Exchange Grant must be applied for by using the electronic form by May 19th 2017 by 4 p.m. A link to the application form is available at the KY Foundation webpage www.ky-saatio.fi.The clarification of the exchange studies (free mover exchanges) should be returned as an attachment to the electronic application form.

For possible other questions, please contact saatio@kyweb.fi or by phone to the managing director of the KY Foundation Antti Melander, 0400 241 961.

Instructions for filling the form

All fields in the form must be filled. The form must be filled and sent by May 19th 2017 at 4 p.m.

In 2017 grants are awarded by the foundation for expenses resulting from exchange studies in the academic year 2017-2018. In addition, the grants may be retroactively applied for by applicants who were on exchange in 2016-2017 (e.g. such free-mover exchange students who did not yet have a confirmed exchange place during the application period in 2016). The grant can be received per person only once (either during BSc or MSc studies, not both). The applicant is not eligible for the KY Foundation International Exchange Grant if s/he has already received an International Exchange Grant from the Student Union of the Helsinki School of Business.

A decision on awarding a grant can be made after the student has received an exchange place in a foreign university of Economics/Business or another educational institute. In the case of a free mover exchange program the applicant must present a copy of the official letter of acceptance from the host university. In the case of an academic period which has duration less than one semester the applicant must present written documentation of the content of the program. The written documentation must include the program organizer. Note that the clarification is not needed if the exchange place is organized via Aalto University School of Business (BSc, MSc, CEMS or BScBA programs).

International Exchange Grant can also be awarded for internship periods abroad if the period is supported by Aalto University School of Business or accepted as a course in AaltoBIZ . Grants awarded for internships follow the same rules as International Exchange Grants in general. The grant can be awarded in full amount for internships lasting at least 3 months, for periods shorter than this the grant is halved.

The decisions on awarding the grants are made by the board of the foundation, proposed by the Grant Committee set by the board.

The applicants will be informed personally about the decisions.

To what studies can I receive the grant?
In 2017 grants are awarded by the foundation for expenses resulting from exchange studies in the academic year 2017-2018. In addition, the grants may be retroactively applied for by applicants who were on exchange in 2016-2017 (e.g. such free-mover exchange students who did not yet have a confirmed exchange place during the application period in 2016). The grant can be received per person only once (either during BSc or MSc studies, not both). The applicant is not eligible for the KY Foundation International Exchange Grant if s/he has already received an International Exchange Grant from the Student Union of the Helsinki School of Business.

A decision on awarding a grant can be made after the student has received an exchange place in a foreign university of Economics or another educational institute. In the case of a free mover exchange program the applicant must present a copy of the official letter of acceptance from the host university. In the case of an academic period which has duration less than one semester the applicant must present written documentation of the content of the program. The written documentation must include the program organizer. Note that the clarification is not needed if the exchange place is organized via Aalto University School of Business (BSc, MSc, CEMS or BScBA programs).

The electronic application form must be filled and sent by May 19th 2017 at 4 p.m. The application form will be visible only during the application period.

To what exhange studies can I receive the grant?

The purpose of the grants is to support Aalto University School of Business BSc and MSc degree students in their international exchange studies.

A decision on awarding a grant can be made after the student has received an exchange place in a foreign university of Economics/Business or another educational institute. The International Exchange Grant may primarily be awarded for an exchange period of at least one academic semester.

The grant may be awarded halved also to an academic period shorter than one semester, if the program is organized by a partner university of the Aalto University and the duration of the program is at least three weeks. An accepted program may be e.g. a summer program organized by some partner university of the Aalto University.

How is the amount of a grant decided?
The size of an individual grant will be determined according to the continent by the following multipliers: Europe 1.0x; North America, Asia, Africa 1.3x; South America, Australia and New Zealand 1.6x. The factor x will be determined after the number of applications and destinations are known. If the academic period is shorter than one semester the grant is awarded halved.

When do I get the money?
The applicants that go for their exchange during fall will receive the grant between July and August and the applicants that go for their exchange during the following spring will receive the grant by latest at the end of November.

My exchange was cancelled. What do I do after I have received the grant
Please inform the managing director of KY Foundation and you will be given further instructions on how to return the grant.

I'm already in my exchange. Can I apply??
Sure. The application form is posted here so you can fill it from anywhere!

I have already received this grant once. Can I apply for a second time?
Unfortunately no. The grant can be received per person only once (either during BSc or MSc studies, not both). The applicant is not eligible for the KY Foundation International Exchange Grant if s/he has already received an International Exchange Grant from the Student Union of the Helsinki School of Economics.