As a valued long-term contributor, the Frankfurt School Alumni e.V. is again taking part in this year’s Deutschlandstipendium programme and increases its support – this time by 50 percent. Thanks to the efforts of the FS Alumni e.V., a total of 15 scholarships will be available for Frankfurt School students in the 2020/21 academic year.
Shari Wolf, Deputy Chair of FS Alumni e.V. Executive Committee, explains: “We aim to help Frankfurt School in any way we can, and student welfare is particularly important to us. From our own experience, we know how much students appreciate support, advice and suggestions, especially in the final stages of a degree course. We try to give back through various means. Many alumni act as student mentors, or give talks about their own careers in open Q&A sessions. When we are looking to hire new staff, we turn to our alma mater by default. However, financial support also plays an important part.” She explains that the monthly payment of 300 euros to which Deutschlandstipendium scholarship holders are entitled relieves much of the pressure on students: “300 euros is a lot of money, and because we only need to contribute half a scholarship to qualify for the government’s match-funding scheme, the programme is a particularly attractive way to support students. We are very happy to be involved!”
“I am absolutely delighted,” says Angelika Werner, Vice President Strategic Relations at Frankfurt School, “and would like to give my warmest thanks to our alumni!” She confirms that this year’s pledge by the association is the highest contribution to the programme, since it was first launched in 2011, and adds that “our alumni association has always been a valuable sounding board, trusted companion and thoughtful benefactor for Frankfurt School – and especially for our students. Thanks to this generous donation, we’ll be able to help 15 students, for which I am enormously grateful!”
Germany’s federal government first launched the Deutschlandstipendium as a scholarship programme in 2011 with the aim of providing more support for students across Germany while strengthening the country’s culture of philanthropic giving. Of the total of 3,600 euros per year, the federal government contributes 50 percent, if the host university can find benefactors willing to fund these important scholarships. There is the added benefit that scholarship donations are tax-deductible in Germany.