The Distinguishing Factor is the low cost to study at SMI!
Students are not just a number!
For many families, the distinguishing factor in the choice of higher education for their children is at what cost?
The State Institutions are free to the student, financed in their totality through the income tax collected from the working population. This fact cannot be ignored, because it is material in the decision making of families.
But, what families do not know is that the Government of Malta also provides substantial financial assistance to those students who opt for private education at Saint Martin’s Institute of Higher Education, through an income tax rebate of €16,000 for a completed MQF level 6 degree.
No Monthly Payments of Tuition Fees
Through the Studies Plus scheme, the Government of Malta is ensuring that students who choose to read for the degree at Saint Martin’s Institute of Higher Education are able to do so, even if their families do not afford to pay the monthly tuition fees. Through this scheme, the student is provided with grant to cover all the expenses during his/her study with no monthly payments, covering all the years of study. Only after the student has finished his/her studies and in a job will this be converted into a loan at very low payment terms.
Only 30% net cost after completion
Taking advantage of the GetQualified Scheme, that guarantees an income tax rebate of up 70% of the total cost to read for the degree at Saint Martin’s Institute of Higher Education, the parents/guardians (or the graduate after finishing the course) may take advantage and receive their own paid annual income tax as a rebate whilst their child is still studying. In other words, for every €10 spent in studying costs, the family ends up paying €3 from pocket, whilst the €7 is rebated income tax. In simple terms, the family will be using its income tax in support of their own child.
Stipends & maintenance grants
Students reading as full time students have the same rights as those attending state institutions in receiving monthly stipends and annual maintenance grants for each year of study. The scheme is known as the Malta Government Undergraduate Scheme.
ACT NOW!
Give us a call on +356 21235451 or email us on infodesk@stmartins.edu or through our socials, and we will be more than happy to help you understand your career prospects. Check our website on https://www.stmartins.edu
