Financial and money issues

Tuition Fees

Undergraduate Programmes

EU/EEA students

For Cypriots and other EU/EEA students, tuition fees are €3,417 (Euro) per academic year and they are paid by the Republic of Cyprus. For non-EU/EEA students, tuition fees are €6,834 (Euro) per academic year. Fees must be paid to the Accounts Office of the University or a bank prior to registration and the receipt must be presented upon registration.

Non-EU/EEA students

For non-EU/EEA students, first-semester tuition fees should be paid in advance before arrival, through Western Union/Money Gram or by SWIFT transfer, to the following CUT Bank Account:

NAME OF BANK:  BANK OF CYPRUS LTD.

ACCOUNT NUMBER: 0335-05-046698

NAME OF BENEFICIARY: CYPRUS UNIVERSITY OF TECHNOLOGY

IBAN NUMBER: CY14 0020 0335 0000 0005 0466 9800

SWIFT NUMBER: BCYPCY2N

Reference: Tuition fees–name/surname of student and ID number

Master Degree Programmes

  • All Master Programmes: €4.100 per programme

Doctoral Programmes

  • PhD without courses                          €3.200
  • PhD with courses (up to 60 ECTS)       €3.234 - €5.200*

*For PhD with courses, tuition is €34 for each ECTS

After the 6th semester, every student, provided he/she is continuing his studies, has to submit the amount of €50 as a registration fee for the semester.

For more information regarding tuition fees for postgraduate programmes, you may visit the website https://www.cut.ac.cy/students/practical-information/tuition-and-fees/?languageId=1. Each year, the University reserves the right to review and amend the tuition fees.

Bank details for the payment of tuition fees:

NAME OF BANK:  BANK OF CYPRUS LTD.

ACCOUNT NUMBER: 0335-05-046698

NAME OF BENEFICIARY: CYPRUS UNIVERSITY OF TECHNOLOGY

IBAN NUMBER: CY14 0020 0335 0000 0005 0466 9800

SWIFT NUMBER: BCYPCY2N

Reference: Tuition fees–name/surname of student and ID number

Please note that bank transaction charges/commissions, which are covered by the student, must be paid over and above tuition fees.

 

Financial Aid

The Social Support Office of Academic Affairs and Student Welfare Service (AASWS) provides guidance on student financial problems. Students with serious financial problems may apply to the Office for funding by the CUT Student Welfare Association, which is supported financially by the University of Cyprus, as well as from external contributions and donations.  During the Fall Semester each academic year the Association announces the procedure for submission of applications for financial aids. Evaluation of applications is based on Point allocation Rules on the Socio-economic status.

 

Postgraduate Student Funding

The University offers a number of scholarships to postgraduate students, based on academic merit and financial need. They are either full or partial scholarships (tuition fees) and are addressed to newcamoers and enrolled Ph.D. and Master Students. Their duration is one academic semester and they may be renewed, based on the students’ academic performance according to the Rules for Granting Internal Scholarships for Postgraduate Studies

Additionally, the Faculties and the Departments of the University may subsidize a postgraduate student to work as an assistant in his/her department or other departments. Graduate assistantships may involve assisting in teaching, tutorials, help with assignments, lab supervision, grading, etc. 

 

Student Employment

All active students of the University, both undergraduates and postgraduates, may be employed by the University on an Hourly Employment Schedule, for the performance of tasks assigned by the University entities. Students can work up to 20 hours per week or up to 100 hours per month. These limits may increase (up to twice) in the summer months, however, in any case, a student's employment may not exceed 600 hours in one calendar year. The remuneration for Hourly Employment of students is set at € 4.95 per hour (gross) and is being revised by the Rector’s Council Procedures for Students’ Hourly Employment are regulated by a Circular.

In addition, the Academic Affairs and Student Welfare Service collects information on the needs of enterprises and organizations in human resources and most preferably in students. Relevant announcements are made regularly at the beginning of each semester, and extraordinarily when vacancies arise only for students.

For international students intending to be employed in Cyprus, the issue of an employment permit by the Civil Archive and Migration Office is required. For more information and guidance on international student employment issues, you may contact the International Support Office.

 

Opening a Bank Account

The Central Bank of Cyprus regulates all banking. It publishes a list of all regulated banks, including branch and representative offices of foreign banks, operating in the country.

You can open a student bank account at any commercial bank in Cyprus. Branches of all commercial Banks are located in the city center of Limassol, in proximity to CUT premises.

 

Cost of Living

The cost of living in the city center of Limassol is priced. However, your budget does depend on your lifestyle and the funds available to you. You should expect to spend more than usual in the first couple of weeks as you establish yourself, but your expenses should soon settle down, allowing you to manage your monthly budget carefully.

In addition to tuition fees, you must budget for living expenses, such as the cost of accommodation, food, clothing, entertainment, travel and books. It is estimated that a student should budget for an additional €800 to €1.000 per month, but personal expenses will vary according to each student's particular lifestyle.

Financial and money issues

Tuition Fees

Undergraduate Programmes

EU/EEA students

For Cypriots and other EU/EEA students, tuition fees are €3,417 (Euro) per academic year and they are paid by the Republic of Cyprus. For non-EU/EEA students, tuition fees are €6,834 (Euro) per academic year. Fees must be paid to the Accounts Office of the University or a bank prior to registration and the receipt must be presented upon registration.

Non-EU/EEA students

For non-EU/EEA students, first-semester tuition fees should be paid in advance before arrival, through Western Union/Money Gram or by SWIFT transfer, to the following CUT Bank Account:

NAME OF BANK:  BANK OF CYPRUS LTD.

ACCOUNT NUMBER: 0335-05-046698

NAME OF BENEFICIARY: CYPRUS UNIVERSITY OF TECHNOLOGY

IBAN NUMBER: CY14 0020 0335 0000 0005 0466 9800

SWIFT NUMBER: BCYPCY2N

Reference: Tuition fees–name/surname of student and ID number

Master Degree Programmes

  • All Master Programmes: €4.100 per programme

Doctoral Programmes

  • PhD without courses                          €3.200
  • PhD with courses (up to 60 ECTS)       €3.234 - €5.200*

*For PhD with courses, tuition is €34 for each ECTS

After the 6th semester, every student, provided he/she is continuing his studies, has to submit the amount of €50 as a registration fee for the semester.

For more information regarding tuition fees for postgraduate programmes, you may visit the website https://www.cut.ac.cy/students/practical-information/tuition-and-fees/?languageId=1. Each year, the University reserves the right to review and amend the tuition fees.

Bank details for the payment of tuition fees:

NAME OF BANK:  BANK OF CYPRUS LTD.

ACCOUNT NUMBER: 0335-05-046698

NAME OF BENEFICIARY: CYPRUS UNIVERSITY OF TECHNOLOGY

IBAN NUMBER: CY14 0020 0335 0000 0005 0466 9800

SWIFT NUMBER: BCYPCY2N

Reference: Tuition fees–name/surname of student and ID number

Please note that bank transaction charges/commissions, which are covered by the student, must be paid over and above tuition fees.

 

Financial Aid

The Social Support Office of Academic Affairs and Student Welfare Service (AASWS) provides guidance on student financial problems. Students with serious financial problems may apply to the Office for funding by the CUT Student Welfare Association, which is supported financially by the University of Cyprus, as well as from external contributions and donations.  During the Fall Semester each academic year the Association announces the procedure for submission of applications for financial aids. Evaluation of applications is based on Point allocation Rules on the Socio-economic status.

 

Postgraduate Student Funding

The University offers a number of scholarships to postgraduate students, based on academic merit and financial need. They are either full or partial scholarships (tuition fees) and are addressed to newcamoers and enrolled Ph.D. and Master Students. Their duration is one academic semester and they may be renewed, based on the students’ academic performance according to the Rules for Granting Internal Scholarships for Postgraduate Studies

Additionally, the Faculties and the Departments of the University may subsidize a postgraduate student to work as an assistant in his/her department or other departments. Graduate assistantships may involve assisting in teaching, tutorials, help with assignments, lab supervision, grading, etc. 

 

Student Employment

All active students of the University, both undergraduates and postgraduates, may be employed by the University on an Hourly Employment Schedule, for the performance of tasks assigned by the University entities. Students can work up to 20 hours per week or up to 100 hours per month. These limits may increase (up to twice) in the summer months, however, in any case, a student's employment may not exceed 600 hours in one calendar year. The remuneration for Hourly Employment of students is set at € 4.95 per hour (gross) and is being revised by the Rector’s Council Procedures for Students’ Hourly Employment are regulated by a Circular.

In addition, the Academic Affairs and Student Welfare Service collects information on the needs of enterprises and organizations in human resources and most preferably in students. Relevant announcements are made regularly at the beginning of each semester, and extraordinarily when vacancies arise only for students.

For international students intending to be employed in Cyprus, the issue of an employment permit by the Civil Archive and Migration Office is required. For more information and guidance on international student employment issues, you may contact the International Support Office.

 

Opening a Bank Account

The Central Bank of Cyprus regulates all banking. It publishes a list of all regulated banks, including branch and representative offices of foreign banks, operating in the country.

You can open a student bank account at any commercial bank in Cyprus. Branches of all commercial Banks are located in the city center of Limassol, in proximity to CUT premises.

 

Cost of Living

The cost of living in the city center of Limassol is priced. However, your budget does depend on your lifestyle and the funds available to you. You should expect to spend more than usual in the first couple of weeks as you establish yourself, but your expenses should soon settle down, allowing you to manage your monthly budget carefully.

In addition to tuition fees, you must budget for living expenses, such as the cost of accommodation, food, clothing, entertainment, travel and books. It is estimated that a student should budget for an additional €800 to €1.000 per month, but personal expenses will vary according to each student's particular lifestyle.