If you're considering studying at Bocconi University for the academic year 2023-2024 and need financial assistance, the ISU Bocconi Scholarship could be the solution for you. In this article, we'll explore the key information about the scholarship, the enrollment, economic, and merit requirements, as well as the application process and important deadlines. Let's delve into the details to guide you on your path to securing this valuable financial aid.
What is the ISU Bocconi Scholarship?
The ISU Bocconi Scholarship is a financial aid program offered by Bocconi University to eligible students for the academic year 2023-2024 (A.Y. 2023-24). It provides financial support to students who demonstrate financial need and academic merit, enabling them to pursue their studies without the burden of tuition fees and other related expenses.
Key Information about the Scholarship
Before we dive into the application process and requirements, let's first understand the key elements of the ISU Bocconi Scholarship:
- Cash Stipend: Recipients of the scholarship are entitled to receive a cash stipend to help cover their living expenses during their academic journey at Bocconi University.
- Possible Integrations: In addition to the cash stipend, eligible students may receive other integrations to further support their financial needs.
- Free Daily Meal: The scholarship includes access to a free daily meal, the value of which is defined by the Lombardy Region (amount for A.Y. 2023-2024: € 770,00). Moreover, recipients can enjoy access to the preferential rate canteen service.
- 200-Hours Work Study Program: The ISU Bocconi Scholarship offers students the opportunity to participate in a 200-hours work study program, which allows them to gain valuable work experience while studying.
- Tuition and Fees Exemption: Students eligible for ISU, both recipients and non-recipients, are granted a total exemption from Bocconi University tuition and fees. However, there is an exception for first-year "fuori corso" students, for whom the exemption from tuition and fees is considered at 50%. The scholarship also covers the total exemption from the payment of the regional tax and the registration fee.
- Exception for Double Degree/Joint Degree Program Students: It's important to note that for students enrolled in a Double Degree/Joint Degree program, where Bocconi University has agreements with partner universities exempting them from academic fees and tuition at Bocconi, the ISU Bocconi Scholarship does not imply exemption from the payment of academic fees and tuition owed to the partner university.
Now that we have a clear understanding of the scholarship's benefits, let's explore the application and eligibility requirements.
Step 1: Eligibility Requirements
To be considered for the ISU Bocconi Scholarship for the academic year 2023-2024, students must meet specific enrollment, economic, and merit requirements. Let's take a closer look at each of these requirements:
1a. Enrollment Requirements
To participate in the application process, students must be enrolled in the 2023-2024 academic year with the following conditions:
- Regular Students: Students must be enrolled for the first time (absolute first year of enrollment) in a regular year of a Bachelor of Science, Integrated Master of Arts in Law, or Master of Science program. Alternatively, they can be enrolled for the first time in a year of a PhD program, provided they are not recipients of a scholarship pursuant to Italian DM 224/1999 or Post Docs pursuant to Italian Law 449 of 27.12.1997. If enrolled in a PhD program for A.Y. 2023-2024, they must have been declared winners of the admission competition to one of the PhD programs activated at Bocconi University or have been duly admitted for A.Y. 2023-2024 to attend a year of PhD program following the first.
- "Fuori Corso" Students: Students must be enrolled for the first time (absolute first year of enrollment) in the first year "fuori corso" after completing the regular Bachelor of Science, Integrated Master of Arts in Law, or Master of Science program.
1b. Economic Requirements
In addition to the enrollment criteria, students applying for the ISU Bocconi Scholarship must meet the economic requirements set by the Lombardy Region. For A.Y. 2023-2024, the following values are applicable:
- ISEE/ISEEU Parificato: The ISEE (Equivalent Economic Situation Indicator) or ISEEU (Equivalent University Situation Indicator) Parificato must not be higher than € 24.335,11.
- ISPE/ISPEEU Parificato: The ISPE (Equivalent Property Situation Indicator) or ISPEEU (Equivalent University Property Situation Indicator) Parificato must not be higher than € 52.902,43.
For detailed information about the economic requirements, students can refer to the specific webpage provided by the Lombardy Region. It's important to stay updated on any regulatory changes, so be sure to check the "Regulatory updates" webpage regularly.
1c. Merit Requirements
Merit requirements are crucial for students to participate in the ISU Bocconi Scholarship application for A.Y. 2023-2024. The merit is determined based on the number of CFUs (University Credits) earned by the student. The specific requirements vary based on the year of program and the type of degree pursued. Let's break down the merit requirements for students enrolled in the first year and those in subsequent years:
Students Enrolled in the First Year
- Bachelor of Science Program or Integrated Master of Arts in Law: Students must have earned 44 credits by August 10, 2024.
- Master of Science Program: First-year students in a Master of Science program must have earned 39 credits by August 10, 2024.
Please note that any changes in the number of credits, which may arise from exceptional measures, will be communicated through the publication on the website.
Additionally, for students enrolled in the first year of a Bachelor of Science, Master of Science, or Integrated Master of Arts in Law for A.Y. 2023-2024, the merit requirements will be verified ex post. Failing to achieve the merit requirements set for the first year will result in the revocation of the benefit.
Students Enrolled in Years Subsequent to the First
For students enrolled in years subsequent to the first year, the required credits as of August 10, 2023, are as follows:
- Bachelor of Science (Bsc) and Integrated Master of Art in Law (Law):
- 2nd year (BSc/LAW): 49 credits
- 3rd year (BSc/LAW): 95 credits
- 1st "fuori corso" year (BSc): 150 credits
- 4th year (LAW): 150 credits
- 5th year (LAW): 220 credits
- 1st "fuori corso" year (LAW): 274 credits
- Master of Science Program:
- 2nd year: 50 credits
- 1st "fuori corso" year: 94 credits
Similar to first-year students, any changes in the number of credits will be communicated through the publication on the website.
To ensure students have the minimum merit requirements needed to request the Right to University Education financial aid, they may use bonus credits, if available, in addition to the credits already earned. Keep in mind that the number of credits needed to access the ranking will be calculated based on the credits required for each past academic year, starting with the absolute first year of enrollment. This rule applies even to students who have experienced interruptions in their academic progression.
The absolute first year of enrollment is considered as any academic year of first enrollment in any degree program that required the same education qualification as the one needed to access the attended program in A.Y. 2023-2024, whether in Italy or abroad.
Please note that for students who have made course changes, only credits valid for the Bachelor of Science, Master of Science, and Integrated Master of Arts attended at the time of the benefit request will be considered for calculating the merit.
With a clear understanding of the eligibility requirements for the ISU Bocconi Scholarship, you can now proceed to the application process. It's essential to mark your calendar with the relevant deadlines to ensure you don't miss out on the opportunity.
Step 2: The Application Process
The application process for the "ISU Bocconi Scholarship A.Y. 2023-2024" is critical, and students must follow the specified deadlines and procedures. Here's what you need to know:
The application period for the ISU Bocconi Scholarship A.Y. 2023-2024 is from June 5 to July 5, 2023. Make sure to submit your application within this period to be considered for the scholarship.
To apply for the scholarship, follow these steps:
- Complete the Enrollment Procedure: Before submitting your scholarship application, ensure that you have completed the enrollment procedure for the academic year 2023-2024.
- Submit the Application: Interested students must submit the "ISU Bocconi Scholarship" application within the specified deadlines. Details about the application submission process will be available on the university's official website.
Remember to regularly check the "Regulatory updates" webpage to stay informed about any changes or additional guidelines related to the application process.
Step 3: Notification of Results
Once the application period has ended, the university will proceed with the evaluation process, and the results will be made available to the applicants. Here are the timelines for result notifications:
- Provisional Ranking: The provisional ranking will be published by October 15, 2023. This will give applicants an indication of their scholarship status.
- Final Ranking: The final ranking will be published by the end of October 2023. This is when the official list of scholarship recipients will be announced.
All information regarding the results will be accessible on the university's webpage dedicated to the scholarship program.
Step 4: Inclusion of ISU Benefit in Financial Situation
Congratulations if you have been selected as a recipient of the ISU Bocconi Scholarship for A.Y. 2023-2024! The benefit awarded to you will be included in your financial situation at Bocconi University. You can view the benefit details in the Punto Blu under the administrative area labeled "Fees, Funding, and Housing." However, it's important to note that the benefit assignment will only be visible after the Fees, Funding, and Housing Office has verified that you are regularly enrolled in the first year or regularly enrolled in the year following the first for A.Y. 2023-2024.
Please be aware that if you are "enrolled with reserve" or have enrollment subject to reserve in the academic year 2023-2024, you will not be able to view the benefit assigned for A.Y. 2023-2024 in the system. Additionally, you will not be eligible to receive a refund of the first installment paid (advance payment) for A.Y. 2023-2024 until the reserve status is lifted.
Step 5: Scholarship Renewal
The ISU Bocconi Scholarship for A.Y. 2023-2024 is not automatically granted for subsequent academic years. If you wish to continue receiving the scholarship in the following years, you will need to submit a renewal application each academic year, adhering to the specified deadlines and procedures.
Step 6: Revocation and Forfeiture of the Benefit
It's crucial to adhere to the terms and conditions of the ISU Bocconi Scholarship to retain the benefit throughout your academic journey. Failing to meet certain requirements may lead to the revocation or forfeiture of the scholarship. Let's explore these aspects:
6.1 Revocation of the Benefit
Detailed information about the revocation of the ISU Bocconi benefit will be available on the university's official webpage dedicated to the scholarship program. It is essential to be aware of the circumstances that may lead to the revocation of the scholarship and to avoid any actions that might jeopardize your eligibility.
6.2 Forfeiture of the Benefit
The right to eligibility for the ISU Bocconi Scholarship, as well as other scholarships and integrations, may be automatically forfeited under certain circumstances. The scholarship may be forfeited if:
- The student fails to submit to ISU Bocconi, via registered mail and within the specified deadlines, any original documentation required to verify the accuracy of their self-certification. In such cases, the application is treated as an untruthful declaration.
- The student voluntarily withdraws from their studies during the course of the academic year.
- The student transfers to another university during the course of the academic year.
- The student is not regularly enrolled in A.Y. 2023-2024 following the results of the final ranking.
To ensure you retain the scholarship and continue receiving financial aid, it's crucial to comply with all requirements and adhere to the guidelines provided by Bocconi University.
The ISU Bocconi Scholarship presents an excellent opportunity for eligible students to receive financial aid for the academic year 2023-2024. By meeting the enrollment, economic, and merit requirements, and by adhering to the application deadlines and procedures, you can increase your chances of securing this valuable scholarship. Remember to check the university's official website regularly for updates and any changes to the scholarship program.
By taking advantage of the ISU Bocconi Scholarship, you can focus on your studies and academic pursuits without the burden of financial worries, making the most of your time at Bocconi University and achieving your educational goals.