Financing
studies

Excellent education is a great investment for your future, thus you have to consider how you will finance your studies. Riga Business School allows you to spread a payment into three or four years for your convenience. In addition, we provide scholarships and there are also many banks granting student loans.

Application fee (non-refundable)

EU citizens and for those who have previous education in Latvia 35 EUR

Non – EU citizens and for those who have previous education outside of Latvia 150 EUR

EU citizens

BBA tuition

13 990 EUR [BBA RBS Degree; 3 years]

13 990 EUR [3 years + 1 year at UB]*

9 240 EUR [2 years + 1 year at BI]*

* For the study year abroad, the tuition fee is determined by University at Buffalo and BI Norwegian Business School
* payment is spread in 3 years

BITL tuition

18 830 EUR [BITL RBS Degree; 4 years]

13 990 EUR [3 years + 1 year at UB]*

* For the study year abroad, the tuition fee is determined by University at Buffalo and BI Norwegian Business School
* payment is spread in 3 years

Non – EU citizens

BBA tuition

21 440 EUR [BBA RBS Degree; 3 years]

21 440 EUR [3 years + 1 year at UB]*

14 270 EUR [2 years + 1 year at BI]*

* For the study year abroad, the tuition fee is determined by University at Buffalo and BI Norwegian Business School
* payment is spread in 3 years

BITL tuition

28 650 EUR [BITL RBS Degree; 4 years]

21 440 EUR [3 years + 1 year at UB]*

* For the study year abroad, the tuition fee is determined by University at Buffalo and BI Norwegian Business School
* payment is spread in 4 years

Loan

Loans secured by the Government of Latvia

The Government of Latvia provides a partial guarantee for two types of student loans:
1. Study loan — funds to cover tuition fees at accredited higher education establishments and colleges in Latvia and abroad.
2. Student loan — funds to cover daily needs of students during studies (only for full-time students).

Since August 2020 these loans are administered by Altum

Loans secured by the Government of Latvia

You as a student can also consult with your bank for commercial  student loans offered in Latvia. To learn about these offers, please, consult the respective financial institutions: Swedbank, SEB, Luminor.

International students are encouraged to explore state-supported study loans in their home countries as well as student exchange agreements concluded between their countries and Latvia.

Scholarships

Riga Business School provides academic and talent scholarships as well as need-based grants, loans, employment and internship opportunities.

RBS Excellence Scholarship

RBS Excellence Scholarship covers the full tuition fee for the 3-year BBA and for the 4-year BITL program in Riga. The scholarship is granted for the first study year, and the student’s academic performance determines whether the scholarship is extended to other study years.

This scholarship is available for students with:

Outstanding grades;

Significant extracurricular activities;

Motivation and leadership:
IELTS at least 6.5
TOEFL ITP at least 550
TOEFL IBT at least 79

Application deadline for the RBS Excellence Scholarship – April 28, 2022.

*The scholarship covers only studies at RBS. If the student chooses to spend a year in either BI Norwegian Business School or University at Buffalo School of Management, the scholarship does not apply.

RBS x LJBL Basketball Scholarship

RBS x LJBL Basketball Scholarship covers the full tuition fee for the 3-year BBA and for the 4-year BITL program in Riga.

This scholarship is available for students with:
• 5 year experience with the Latvian Youth Basketball League (LJBL);
• Average grade (in form 11 and 12) – at least 7.0;
• Active participation in LJBL activities.

Click here to find out more information about the scholarship (in Latvian).
Application deadline for the RBS Basketball Scholarship – April 28, 2022.

*The scholarship covers only studies at RBS. If the student chooses to spend a year in either BI Norwegian Business School or University at Buffalo School of Management, the scholarship does not apply.

RBS Appreciation Discount

The 10% discount is available to the children of RBS Alumni/Students of degree-granting programs (BBA, BITL, PMBA, EMBA).
RBS reserves the right to exercise its discretion in decisions for any individual case.

Application deadline for appreciation discount – April 28, 2022

*The scholarship covers only studies at RBS. If the student chooses to spend a year in either BI Norwegian Business School or University at Buffalo School of Management, the scholarship does not apply.