Webster Vienna Private University
Webster Vienna Private University offers a unique academic experience in one of Europe’s most vibrant cities. Prospective students can look forward to small, interactive classes and mentoring from dedicated faculty in areas such as business, international relations, psychology and strategic communication.
This diverse educational environment is enriched by a student body from all over the world, further enhancing the learning experience. In addition to academic training, Vienna’s blend of historical and modern cultures provides a dynamic backdrop for personal and professional growth.
Webster Vienna is not only a place where you can earn a degree, but also the starting point for a global career and a world of opportunities.
Key Features of Payment Plan
Interest-Free Payment Plan: With this agreement you can make timely monthly payments to cover your tuition fees without incurring any interest charges. The total amount you repay is the same as the 80% of the upfront tuition fee amount (excluding the set-up charge). While administrative fees may be imposed for missed payments, no interest will be added to the outstanding amount.
Please note that payment plan covers up to 80% of your tuition fees. The Registration Deposit (EUR 1000) required prior to first-time class registration will not be covered (new students).
You must be admitted to the WVPU programme before applying with StepEx.
Please see below the qualifying degree programmes and terms of the student offer for each of them.
Details of Your Payment Plan
Repayments are set at an equal monthly amount over your repayment, other than your first repayment which may be higher to account for a course reservation fee or arrangement fee. Evenly spread over the period of 48 months, starting with a payment in the first month of your degree programme, with a total value equal to the 80% of the tuition fee charge plus the setup costs, with no interest added.
Bachelor’s Degree Payment Plan: €260 upfront and 47 monthly instalments of €1,565.27 Your last month repayment amount is €1,565.31.
Master’s Degree Payment Plan: €260 upfront and 47 monthly instalments of €521.65 Your last month repayment amount is €521.45.
Master’s in Psychology Payment Plan: €260 upfront and 47 monthly instalments of €695.52 Your last month repayment amount is €695.56.
Bachelor’s degree payment plan covers the following degree programmes:
– BSc in Business Administration
– BA in International Relations
– BA in Management
– BA in Management with an Emphasis in International Business
– BA in Management with an Emphasis in Marketing
– BA in Psychology
– BA in Strategic Communication
Master’s degree payment plan covers the following degree programmes:
– MA in International Relations
– MSc in Marketing
– Master of Business Administration (MBA)
Key Features of Future Earnings Agreements (FEAs)
Future Earnings Agreements: With this agreement, you commit to repaying a fixed percentage of your post-course earnings, but only when your gross annual income is at least €25,000. Your total repayment amount is directly linked to your future income, requiring you to pay less than the average earner if your earnings are
lower and more if they are higher. Rest assured, there is a cap on the maximum amount you could ever repay, set at twice the amount borrowed.
Please note that payment plan covers up to 80% of your tuition fees. The Registration Deposit (EUR 1000) required prior to first-time class registration will not be covered (new students).
Please click here for video on FEAs.
Please see below the qualifying courses and terms of the student offer for each of them.
Details of Your Future Earnings Agreements
Repayments are set to start once you graduate and start earning at least €25,000. You will then repay a small percentage of your income for a fixed period of time. Depending on your post-degree performance you might repay €0 if you do not meet the income threshold for the first 180 months from the degree end date. Conversely, you might repay more if you excel in your career after completing the degree. The maximum amount you might ever repay is limited to 2x the amount borrowed.
Bachelor’s Degree FEA: €260 upfront + 15% of your gross earnings for 120 months when you start earning at least €25,000 per annum.
The maximum amount you might ever repay if you earn more than expected is capped at €145,184.
Master’s Degree FEA: €260 upfront + 13% of your gross earnings for 60 months when you start earning at least €25,000 per annum.
The maximum amount you might ever repay if you earn more than expected is capped at €48,384.
Masters in Psychology FEA: €260 upfront + 15% of your gross earnings for 72 months when you start earning at least €25,000 per annum.
The maximum amount you might ever repay if you earn more than expected is capped at €64,512.
How to Apply for Finance
1. Apply for your degree programme.
2. Once accepted, create an account on StepEx application portal and start the application process.
3. If approved, complete the arrangement fee payment.
4. Read the terms of your financing and sign your financing contract with StepEx.
5.. Start your degree programme.
Eligibility Criteria
Eligibility for StepEx financing is defined by both StepEx and the education provider.
To be eligible for finance you must:
• Be aged over 18
• Have been offered a place on your degree programme
• Not be on any sanctions or watchlists
• Be likely to be able to afford repayments
• Not have a history of non-repayment of your financial obligations
• Be suitable for this type of product
In addition, your education provider has imposed the following eligibility criteria for course places that can be financed with this agreement. These may be based on your right to work, characteristics that are uncommon on the course and your creditworthiness:
• Be a UK / EEA citizen
• Be a UK / EEA permanent resident with the right to work in the UK/EEA
• Other nationalities on a case by case basis
Charges
In addition to the repayment of your finance agreement the following charges apply:
1. Borrower Application Fee: €20
3. Borrower Upfront Payment: €260
4. Default charge: If you fail to make the required payments for 90 days we reserve the right to terminate your agreement in which case all outstanding repayments become due. We then reserve the right to pass the debt to a debt collector who will charge you for their costs of collecting the debt from you.
Conditions
The full terms and conditions of your financing agreement are set out in your credit agreement.
