How can I finance my master studies? What fiscal possibilities does exist?

[Translate to English:] Absolventen mit schwarzer Kappe (Doktorhüten)

Tax refund? Between 6.000 and 7.000 Euros are realistic

In many cases, an MBA or Master's degree course can be largely deducted from tax, since, according to the Federal Fiscal Court, a postgraduate course, unlike initial trainings, is considered further education for tax purposes. The (re)financing as a tax refund includes, among other things, programme, travel and material costs - such as the purchase of a required notebook. A refund of between 6.000 and 7.000 Euros for the training costs you incur is quite realistic.

The prerequisite, however, is that the MBA or Master's degree serves to further your education in a profession you are already pursuing or to further your career in a similar field. For individual advice, you should seek binding information from a tax advisor or tax lawyer.

In addition, the IGC's student advisory service is available to provide you with further information on the subject of financing options so that you can concentrate on the essentials: Your part-time studies at the IGC.