ForsaEduforsaedu.comAbout the scholarship program
Hanken School of Economics in Helsinki and Vaasa is one of the Nordic region's leading business schools, offering English-taught master's programmes at €15,000 a year for non-EU/EEA students. It awards scholarships and discounts to fee-paying students, including the GBSN Scholarship, a full tuition waiver for students of GBSN member business schools in developing countries.
Information last verified: November 3, 2026Official source
Available programmes
Each programme has its own requirements, documents and benefits. Open it to see them in full with the application steps:
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Hanken GBSN Scholarship 2027: Full Tuition Waiver for a Master's in Finland
MasterTuition-Free17 majorsJanuary 21, 2027
Life and living
Finland
Life and living
Finland
Studying and living in Finland
Costs and living
Tuition: students from outside the EU/EEA and Switzerland pay fees for English-taught bachelor’s and master’s programmes, typically €9,000–20,000 a year depending on the university and programme. Programmes taught in Finnish or Swedish are free, and doctoral studies are free for all nationalities. Since the Universities Act amendment of 1 December 2024, fees must cover the full cost of education by 1 August 2026, and anyone who first came to Finland on a study permit remains liable for fees even after switching to another permit. Scholarships: there are no government scholarships for bachelor’s or master’s studies; university scholarships are competitive and cover tuition only, partly or fully, never living costs. Living costs: the Finnish Immigration Service (Migri) requires at least €800 a month (€9,600 a year), and Study in Finland recommends budgeting about €900–1,200 a month depending on the city, for housing, food and transport. Add the university student union fee of about €50–70 a year and the student healthcare (FSHS) fee of about €35 per term.
Working while studying
With a residence permit for studies you may work in any field for an average of 30 hours a week (about 120 hours a month or 1,560 hours a year), so you can work more in some weeks, such as holidays, as long as the yearly average stays at 30. A required internship or thesis work that earns credits generally does not count. Finding a job is hard without Finnish or Swedish, so do not rely on work to pay tuition or living costs. After graduation: you can get a residence permit to look for work or start a business for up to two years, applying within five years of graduation even from abroad, with unrestricted work rights. Since 8 January 2026 the residence period for permanent residence is six years as a rule, but there is no residence-period requirement for holders of a Finnish master’s or doctorate or a Finnish university bachelor’s, though other conditions such as language skills and work history apply. Family: family members of degree students receive a continuous residence permit, provided the family shows sufficient funds.
Last verified: November 2026· Source
Guide to studying in FinlandFrequently Asked Questions (FAQ)
Key questions and answers regarding eligibility, documents, and application steps.
Funding type: Tuition Discount. Announced benefits: Full tuition waiver for two years.
Eligible levels: Bachelor, Master, PhD.
The latest deadline we have is January 21, 2027. Dates can differ by university or programme, so confirm on the official website.
Required documents: Application on Studyinfo.fi, Bachelor's degree certificate and transcript, Proof of study at or graduation from a GBSN member school, Proof of English proficiency.
Apply directly on the official website: https://www.hanken.fi/en. ForsaEdu does not receive applications or charge any fee.
Track your academic readiness
Use the checklist in your profile to prepare your documents and make sure you meet this scholarship’s requirements.
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