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M2M students will pay the tuition of the school where they are in residence, and that school will independently allocate any scholarships or financial aid to the student for its program.

YEAR 1 AT HEC PARIS (2021/2022) € 23,550 € 1,600 € 800 € 25,950  
YEAR 2 AT FGV (2022/2023) See Partner Website* € 1,600 € 800 € 2,400 See Partner Website*
        € 28,350  


(*) For your information, in 2018 the tuition fees of the partner were BRL 40 380 

NB: The annual HEC Student service fees and Administrative fees (€ 1600 + € 800) are payable for any additional year until graduation.

In order to be part of the community life, students are offered the possibility to live on HEC Paris' campus in one of the 1,350 individual rooms during the year 1 of the M2M. Remaining costs include housing and food (approximately 1000€/month) for housing, student restaurant, sports and and leisure.

For many years now, HEC Paris has been committed to enabling the most talented international students to pursue their studies within our elite business school.
HEC Foundation Excellence Scholarships have been made possible thanks to the considerable support from the community of alumni and businesses related to the HEC Paris Foundation. 

Eligibility: All candidates with a non-French diploma (Bachelor’s or Master’s Degree) admitted to one of our master programs

Process: All admitted candidates with a non-French diploma (Bachelor’s or Master’s Degree) are automatically considered for HEC Foundation Excellence scholarship. No additional document is required

Deadline: Results from this scholarship are announced by email within 2 weeks after your admission and before the confirmation deadline.

HEC Foundation Excellence Scholarships' final decision is based on academic excellence, the overall strength of the application, the results of the selection interview and the candidate’s GMAT/GRE/TAGE-MAGE performance. Scholarships are deducted from tuition fees.


We referenced a number of local scholarships allocated by country.

The Volkswagen - HEC Women in Leadership Scholarship is a 15 000 € scholarship open to high-profile, German-speaking women with a strong sense of leadership applying to the following programs: 

  • HEC Paris Grande Ecole Master in Management 
  • Master in Management & Innovation HEC - TU Munich 
  • Master in Management & Public Affairs HEC - FU Berlin

In order to apply, students must submit a 350-word response to only one of the two following prompts:

  • What will innovation in the auto industry look like?
  • What innovations to you imagine for VW?

The short essay should be sent as a Word Document or PDF to one week after the admissibility results are published. See 'Admissions' tab for admissibility dates.  

HEC-Volkswagen scholarship holders will also be offered diverse internship opportunities adapted to interest in various locations.

HEC Paris offers high-potential female candidates up to €15,000 every year to fund their studies. 


The Women's High Potential Scholarship is only open to female applicants.

Candidates of all nationalities and programs will be considered automatically upon application.

Assessment criteria:

Candidates will be assessed on their academic excellence and leadership potential, evaluated in their transcript, resumé, and interview. 

Publication of results: 

If successful, candidates will be notified two weeks post-interview.

Read about the 2020 laureates and how the scholarship has positively impacted their study experiences here.

HEC Paris is a FAFSA®-accredited institution.

Use the Free Application for Federal Student Aid (FAFSA®) form to apply for financial aid for one of our programs.

Study first, pay later: the Generation Contract is an innovative model to finance your education. With this model, every qualified applicant can study with us completely independent of the personal or financial background without paying tuition fees.

This funding opportunity is exclusively open to German-speaking students.

For more information, see the Brain Capital website.

Most banks will provide loans for study at HEC Paris to French nationals or residents with pre-established banking credentials at very low interest rate (around 1% in 2016). We have excellent relationships with local branches of national banks:

BNP PARIBAS 50 avenue Jean Jaurès 78350 Jouy-en-Josas
CAISSE D'ÉPARGNE 7 rue Oberkampf 78350 Jouy-en-Josas
SOCIÉTÉ GÉNÉRALE 10 rue Oberkampf 78350 Jouy-en-Josas
HSBC 8 rue de l'Eglise 91570 Bièvres
LCL 66 rue de la Paroisse 78000 Versailles
BRED 13 rue Oberkampf 78350 Jouy-en-Josas

Furthermore, information sessions with bank representatives are organized on campus every year during the first 3 weeks of September.

Finally, the European Commission Erasmus+ Program allows students following a master abroad to benefit from soft loans until 18.000€ (2-year programs). To be eligible students must live in a programme country and their study destination cannot be in their country of residence or the country where they received their first qualification. More information on the European Commission website.


Lendwise is a specialist loan provider based in the UK which is dedicated to education finance for individuals who are looking to fund their studies at world-class universities. 

Lendwise’s aim is to enable access to education through its affordable and flexible student loans that come with a fixed interest rate and no early repayment penalties.  Interest rates are personalized and depend on an applicant’s overall profile including future earning potential, and the application process is entirely online. Full-time program students have access to a grace period that allows for repayment to start after graduation. 

All postgraduate courses at HEC, on both full time and part-time basis, are eligible.   UK, EU, and North American nationals are eligible for a Lendwise Loan. For other nationalities, Lendwise will review your application on a case-by-case basis. 

Contact Lendwise directly to apply.