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International Business Management hbo

Engels 7 jaarISAT-code 34144

Tuition fees

Tio offers private bachelor programmes of high quality. Because of the private character and the exceptional education, the tuition fee is higher than that of government-funded education. With more budget, Tio can invest more into better lecturers, smaller classes, appealing projects and more lectures. The focus Tio puts on the quality of its education leads to satisfied students.

The overview below applies to Dutch students and students from the EU/EEA. For non-EU/EEA students, requiring a visa, Tio has put together a package fee. Detailed information on the package fee can be found below.

Annual fees for EU-students

Academic year 2021-2022

Academic year 2022-20231-2

Tuition fee EU per year3-4-5-6

€ 20,400

€ 20,900

Enrolment fee (one-off)

€ 95

€ 95

Total first academic year

€ 20,495

€ 20,995

  1. Registration starts 1 August 2022 or 1 January 2022.
  2. The tuition fees are indexed annually with a maximum of 5%.
  3. Tuition fee includes study materials, the study trip (in the 3rd year), examination and examination fees and projects.
  4. Tuition fee for the last six months of the 2.5-year programme for pre-university education students and the 4th academic year of the bachelor programme: 50% of the indexed tuition fee.
  5. An extended registration costs € 500 per exam subject/practice assignment per academic year. An extended registration only for graduation costs 25% of the indexed tuition fee per academic year.
  6. The statutory tuition fee of € 2,209 does not have to be paid for private education at Tio.

Affordable to everyone

Did you know that a private bachelor’s and associate degree at Tio is affordable to anyone? The Dutch student finance can even be higher than the total costs of a Tio degree. Two years after graduating, you only have to pay back on average € 30 per month. Below, we will explain how this works.

How to finance this high quality programme

Package fee for non-EU/EEA student (student needing a visa)

Tio welcomes students from all over the world. The information on this page is meant for students requiring a student visa to study in the Netherlands.

Package fee

Tio has put together a package fee for students requiring a visa. This package fee of €11,055 has to be paid upfront so Tio can proceed with the visa application and housing arrangements.
In the table below you find the total costs for the first year at Tio and a summary of what is included in the package fee.

Total costs (first year)


Enrolment fee

€ 95

Annual tuition fee

€ 20,900

Book and readers

included in tuition fee

Package fee

€ 11,055

Total

€ 32,050

Package fee consists of


Visa (MVV) and/or residence permit1

€ 192

Housing2 (€ 680 per month x12)
including airport pick-up

€ 8,160

Insurance3 (€ 50 per month x12)

€ 600

Deposit4

€ 2,103

  1. The costs for a visa and/or residence permit are determined by the Dutch Immigration and Naturalisation Service. These prices are an indication of the expected costs and may vary.
  2. Tio arranges housing through different housing agencies for visa students. The exact amount for housing depends on the room and may vary accordingly.
  3. The prices mentioned are estimates. The exact amounts may vary. The student will be informed in time of price changes. Tio will apply for the required insurance for non EU/EEA students.
  4. The visa deposit is a safeguard for Tio. If the student does not breach the visa conditions regulation, then the amount will be transferred back to the student (with deduction of transaction costs) by the end of the first year after the final calculation of all costs.

Affordable to everyone

For Dutch students and students from the EU/EEA only
Did you know that a bachelor and associate degree programme at Tio are affordable to anyone? You can even get more student finance than you will pay for a Tio programme.

The overview below1 is based on the assumption that you pay your tuition fee in 12 instalments. To pay in 12 instalments, you require a start-up capital of €95, since you have to pay the enrolment fee two weeks after registration. The overview demonstrates that you can get more student finance than you need to pay for a programme at Tio. After 12 months, you will end up with a positive balance of around €754.

Excellent conditions

DUO allows you to get a loan at extremely favourable conditions: you do not pay interest at this moment (0%, interest in 2021), you have a long time to repay the loan (35 years) and, after graduating, you will never have to repay more than 4% of your additional wages above the minimum wage every month.

Study loan: Mortgage – yes or no?

No matter how high your study debt is, it is always possible to get a mortgage. For more information on this subject, you can ask one of our financial advisers during the open day.


Income from DUO per year


Expenses per year (1st year)


Supplementary grant

€ 4,965.36

Tuition fee2

€ 20,900

Interest-bearing loan

€ 6,088.68

Additional charge 12 instalments

€ 350

Tuition fee loan

€ 11,045.00

Enrolment fee

€ 95

Total

€ 22,099.04

Total

€ 21,345

  1. This fictional example is intended to demonstrate how a Tio programme may be financed. The actually amount of the student finance may vary and is dependent on several variable factors. No rights can therefore be derived from this example and the data used in it.
  2. Tuition fee including study materials of ± €1,000.

Student finance: € 22,099 per year

For Dutch students and students from the EU/EEA only
As a student you may be eligible for student finance up to € 22,099 per year. The student finance consists of a loan, tuition fee loan, student travel product and a supplementary grant (depending on parental income). The student finance is paid out in monthly terms and will be deposited into your account at the end of every month.
Bachelor students are eligible for student finance even if they are under 18.

The amounts listed below are based on DUO data for the period from September to December 2021. No rights can be derived from this information.

Supplementary grant

You are eligible to receive a supplementary grant if your parents have a lower than average joint annual income. The amount of the supplementary grant depends on the income of the parents and how many of their children are studying. The maximum amount of the supplementary grant is €413.78 per month. Calculate what the amount is in your situation via the calculation tool on duo.nl. After obtaining your bachelor’s degree (within ten years) the supplementary grant converts to a gift.

Study loan and tuition fee loan

Loan of € 11,054 per year

Students may borrow a maximum of € 921.17 per month, which is € 11,054 per year. This sum includes the supplementary grant (up to a maximum of € 413.78). If you do not receive a supplementary grant or if your supplementary grant is lower than the maximum, you may borrow the difference.

Tuition fee loan € 11,045 per year

Students who are eligible for student finance may also apply for a tuition fee loan from DUO. The tuition fee loan for a bachelor or master programme at Tio amounts to €11,045 per year. It is paid out in twelve monthly terms of €920.42, at the same time as the rest of the student finance.

Conditions for a loan

The loan is taken out in the student’s name. This does not require any guarantee from a third party. The interest rate for 2021 is set at 0%. As soon as you receive the first payment of your loan, your loan will start to accrue interest that you must pay back later. The interest rate is subject to annual changes. After graduating the interest rate is frozen for five years at a time.

Borrowing with flexible repayment

Every year, you can borrow over €22,000 from DUO; that comes to a total of around €66,000 if you take a three-year programme at Tio.

Loan and repayment via DUO

You start repaying your loan two years after graduating. Of course, you can start your repayments sooner if you wish. You can make use of a payment free period of up to five years, which you can rely on when you are going through an expensive time and need the money for other things (e.g. raising young children or buying a house). Having student debt will affect your ability to get a mortgage in the future. However, it will not prevent you from getting a mortgage. 

Conditions for a DUO loan

The loan is taken out in the student’s name. This does not require any guarantee from a third party. The interest rate for 2021 is set at 0%. As soon as you receive the first payment of your loan, your loan will start to accrue interest that you must pay back later. The interest rate is subject to annual changes. After graduating the interest rate is frozen for five years at a time. 

More time to repay

The repayment period is set at 35 years. If you earn less than the minimum wage, you do not have to repay your loan. Repayment of the interest-bearing loan starts ± 2 years after graduating and lasts for a maximum of 35 years. Additionally, the monthly amount you have to pay is never more than 4% of the income over the ability to pay exemption. If you have any left­over debt after 35 years, that sum is waived.

Example

In the table below, a fictional calculation example1 shows how much the monthly repayment is per programme. The ability to pay exemption2 for 2021 is € 22,044.96. You pay off 4% of the difference between your annual income and the ability to pay exemption. Example for bachelor programme Hotel and Eventmanagement: € 28,239.84 - € 22,044.96 = € 6,194.88 x 4% = € 247.80 / 12 months= € 20.65 repayment per month.

Starting salary3 of the programme

Maximum payment4 of 4%

Average income5 
€ 2,885 (gross p.m.)

2x Average income5
€ 5,769 (gross p.m.)

Commerce Economics & Entrepreneurship

€ 34.04 per month

€ 51.13 per month

€ 175.75 per month

Hotel and Event Management

€ 20.65 per month

€ 51.13 per month

€ 175.75 per month

International Business Management

€ 38.62 per month

€ 51.13 per month

€ 175.75 per month

International Tourism Management

€ 20.65 per month

€ 51.13 per month

€ 175.75 per month

  1. This fictional example is intended to illustrate the repayment of the bachelor or associate degree student grant. The actual payments differ for each person and depend on several variable factors. No rights can therefore be derived from this example and the data used in it.
  2. Ability to pay exemption = annual minimum wage + holiday allowance.
  3. Higher Education Guide 2021 for gross monthly incomes.
  4. Any interest is added to this amount.
  5. CPB, average gross income 2022.

Student travel product

The student travel product is part of the student finance. There are two types of subscriptions: a week subscription and a weekend  subscription. If you spend time abroad as part of your bachelor programme, you are eligible to receive a monthly public transport compensation of €99.58 instead of the student travel product.

Student under the age of 18

It is possible to receive student finance for a bachelor programme if you are under 18. From September 2017, you are entitled to student finance from the month your studies start. 

If you will turn 18 in the current academic year, nothing will change about your entitlement to child benefits. This may lead to an overlap / double payment with the student finance (for Dutch students).

Student finance for students from the EU/EEA

Conditions for students from the EU/EEA

As an EU/EEA student, you are entitled to student finance and a student travel product, provided that you work a minimum of 56 hours a month based on an official employment contract. Please note that this employment will have to be in effect at least three months before you start your studies. Your entitlement to student finance will continue for the duration of your contract. You are also entitled to student finance if you have been living in the Netherlands for 5 consecutive years or more, or if your parent or partner works, or has worked, in the Netherlands for at least 56 hours per month. They must be citizens of an EEA country or Switzerland. You can also make use of the tuition fee loan on offer (annual amount of €10,840). If you work less than 56 hours a month, you can still apply for a tuition fee loan, but you are not entitled to student finance. For more information visit DUO’s website.

Student grant via home government

You can apply for a student grant at your home government, even if you are doing your full time bachelor programme in the Netherlands. Please check if this also applies to your situation. Check the rules and conditions at the website of your home government.

Above mentioned information does not apply to Dutch students. 

Health care benefit

(For Dutch students only)

If you are 18 years of age or older and your income is lower than €31,138 per year, you are entitled to a healthcare benefit. The health­care benefit is maximised at €107 per month for incomes under €21,500. To be eligible for a health­care benefit, it does not matter who pays for your health insurance. Your parents can pay the bills, as long as the insurance policy is in your name.

More information

Performance-related grant

As a bachelor and master student, your student finance is a performance grant. It is a loan that must be paid back after you earn your degree. The student travel product and the supplementary grant may be turned into gifts, as long as you graduate within ten years of the first month in which you received student finance.

Earning an income

You can earn as much as you want without losing your right to student finance, for example with your job or your own business.

Statutory tuition fee

Tio is a private educational institution. The statutory tuition fee of €2,209 (2022-2023 academic year), therefore, does not apply.

Scholarships

Tio offers scholarships to foreign students from the European Union (EU /EEA) and to non-European students for its English bachelor programmes. The scholarship is awarded for one academic year.

Tio super talent scholarship

The amount of this scholarship is € 10,450 per full degree student. The scholarship is awarded for one academic year. It is possible to apply for this scholarship every year. You are eligible if you meet the following criteria:      

  • You must have outstanding study results.
  • You must have an IELTS Academic score of 7.0 or higher, TOEFL iBT score of 100 or higher, Cambridge exam of CAE-A or higher or CEFR C1 level or higher.

Tio talent scholarship

The amount of this scholarship is € 5,225 per full degree student. The scholarship is awarded for one academic year. It is possible to apply for this scholarship every year. You are eligible if you meet the following criteria:

  • You must have above average study results.
  • You must have an IELTS Academic score of 6.5 or higher, TOEFL iBT score of 90 or higher, Cambridge exam of CAE-B or higher or CEFR C1 level or higher.

How to apply for a scholarship

If you would like to be considered for a scholarship, you need to provide Tio with the following information:

  • Send your letter of motivation and curriculum vitae in English to internationaloffice@tio.nl.
  • Attach a letter of recommendation in English from your former (secondary) school.
  • Attach a legalised copy of all previous educational qualifications translated into English.
  • Attach a legalised copy of recent mark/grade lists translated into English.
  • Attach a legalised copy of your English language proficiency (IELTS/TOEFL/Cambridge exam).

Within two weeks of your scholarship application, you will be informed whether or not the scholarship can be awarded. When awarded, the scholarship is paid out as a discount on your tuition fee. All scholarships are subject to availability and only available for non-Dutch nationality students.

Optional costs (optional courses and languages)

The courses and languages listed below are optional and therefore not mandatory.

Optional

Academic year 2022-2023

Additional foreign language1

€ 350

Dutch language & culture

€ 0

Introduction days

€ 275

Introduction to economics2

€ 0

Introduction to finance and accounting

€ 0

Wine study 1

€ 500

Wine study 2

€ 500

  1. Costs per semester. Depending on your previous education and language level, it will be determined whether you should follow the language for 1 or 2 semesters.
  2. Only to be chosen by students of the programme International Business Management.

How can I pay the tuition fees? (payment in instalments)

There are several ways to pay the tuition fee and optional courses:           

  • You can pay the full amount in one go; before 1 August 2021 (1 January 2021 – January enrolment) or within 14 days of the invoice date.
  • You can also pay in 12 instalments (additional charge €350).

If you choose to pay in instalments, this happens through a direct debit authorisation on the dates mentioned below. The tuition fee and the optional courses will be invoiced around 1 July 2022 (1 December 2021 – January enrolment). The invoice will be sent via email.

Expiration date
September / January

One-off
payment*

12 instalments

01-08-2022 / 01-01-2022

 


01-09-2022 / 01-02-2022


   

01-10-2022 / 01-03-2022


 

01-11-2022 / 01-04-2022


 

01-12-2022 / 01-05-2022


 

01-01-2023 / 01-06-2022


 

01-02-2023 / 01-07-2022


 

01-03-2023 / 01-08-2022


 

01-04-2023 / 01-09-2022


 

01-05-2023 / 01-10-2022


 

01-06-2023 / 01-11-2022


 

01-07-2023 / 01-12-2022


 

01-08-2023 / 01-01-2023


 

* Please note: When you pay the full amount in one go, you have to transfer the total amount to Tio yourself. 

Example of financing

A associate degree, bachelor or master student has applied for student finance (maximum loan), receives a tuition fee loan and pays in 12 instalments. The overview below indicates how much start-up capital is required to be able to start a private bachelor or master programme at Tio. After August, the full amount of the tuition fee has been settled with Tio.

Costs of bachelor programme

Student finance per year2

Start-up capital

12 instalments x € 1,770.831

(1 September until 1 August)

12 instalments x € 1,841.59

(24 August until 24 July)

Enrolment fee
(due 14 days after registration)

Total € 21,250

Total € 22,099

Total € 95

  1. This pertains to paying in instalments, excluding any optional courses. The optional courses can be paid in the same instalments as the tuition fee itself.
  2. Student finance (maximum loan + tuition fee loan = €1,841.59). You receive the first student finance payment around 24 August.

Who pays the tuition fee?

72% of the bachelor students (partially) pay for the tuition fee themselves, as revealed by a survey among bachelor students who started their bachelor programme at Tio the past 2 years. This means that the majority of students (partially) pays for their study course themselves.

72% of the Tio bachelor students (partially) pay for the tuition fee themselves

Source: Survey among new students last 2 years

How much does studying cost?

What expenses will come your way when you start your studies? Below, you will find an estimate of the costs you may expect when you start your studies. Of course, the costs are different for students who continue to live at home, compared to those who find a room of their own.

Average study costs per month

Tuition fees

€ 1,771

Study materials

Included

Rent for a room

€ 426

Internet and tv

€ 25

Groceries

€ 173

Transportation (in addition to the student travel product)

€ 72

Entertainment, going out and sports

€ 124

Clothing and shoes

€ 53

Health insurance*

€ 115

Household insurance

€ 5.75

Liability insurance

€ 2.50

Mobile phone

€ 19

Student society activities

€ 10 - 20

Source: nibud.nl

Average monthly rent for a room

Amsterdam

€ 611

Eindhoven

€ 436

Enschede

€ 355

Hengelo

€ 305

Rotterdam

€ 515

Utrecht

€ 474

Source: Kamernet

* Healthcare benefits (for Dutch students only)
If you are 18 years or over, you must take out your own health insurance. Remember to also apply for healthcare benefits. If your annual income is lower than € 31,138, you are entitled to receive healthcare benefits.

Prices and price guarantee

  1. Payment obligation. Upon entering into the Study Agreement, the Student is obliged to pay the full Tuition Fees for all Study Years. This obligation is unconditional. The indebtedness of the Tuition Fees does not depend on the actual attendance of education, the passage of time or on any other condition whatsoever.
  2. Billing. Tio charges the Tuition Fees per Academic Year. She does this a few months before the start of the academic year. If Tio and the Student have agreed on payment in instalments, the Student will make the instalment payments at the latest on the agreed final payment dates. If no payment in instalments has been agreed, the amount owed must be paid in full within 14 days of the invoice date and no later than 10 working days before the start of the academic year.
  3. Payment term. The payment term for all other amounts is 14 days after the invoice date.
  4. Accrual payment. Every payment is attributed to the oldest outstanding invoice, regardless of any mention in the payment.
  5. Cost of study material. The price for the study material selected by Tio is included in the tuition fee. In some cases, this study material is digital. If a Student prefers to use a physical lesson book, the costs are for his own account. The following are not included in the tuition fee: costs involved in purchasing your own materials (laptop, clothing, pens, etc.), costs involved in internships, graduation project and travel costs. Also copying and printing costs are not included.
  6. Indexing Tuition fees. Tuition fees are determined annually. To prevent a Student from being confronted with price fluctuations during his/her Education, the starting point for each Student is the Tuition fee as laid down in the Study Agreement. This agreed amount is indexed annually with a maximum of 3%, further increases will not take place. Special arrangements apply for retaking an academic year and extended registrations, see Articles 5.6 and 5.7.
  7. Price extended registration. If the Student wishes to extend his registration for a Study Programme, the starting point is the price of the extended registration as it was during the first full-time registration for the Study Programme that the Student wishes to renew. That price is then indexed as described in Article 5, paragraph 5. This price guarantee applies for a maximum of two College years after the nominal study duration within Tio; thereafter the prices from the study guide that applies to the academic year in which the Student wishes to follow the education based on the extended registration applies.
  8. Price for retaking an academic year. The price for retaking an Academic Year for the second time is equal to 50% of the Tuition Fee that would be owed in accordance with paragraph 6 if the student had progressed to the next Academic Year.
  9. Price does not depend on attending education. Absence from classes (for example due to illness) cannot lead to a reduction in tuition fees or other fees.

Cancellation and (interim) termination of the agreement

Unfortunately, it sometimes happens that a student has to cancel his registration before his programme has started. That is why we give 14 days time of consideration in which you can cancel your registration free of charge until 1 July if you start in September. If you start in January, you can cancel free of charge until December 1. Have you already paid the tuition fees? Then you get that back.

After 1 July/1 December you can terminate the study agreement prematurely by formally canceling it (via tio.nl/en/cancellation). The law states that you have to pay a reasonable part of the tuition fees. How high that amount is, for example, depends on the education you have already attended.

You can also decide to stop the study programme at the end of the academic year. If you let us know before 1 July of the current academic year, you will not have to pay the tuition fees for the following year. If you cancel later, you will owe a reasonable part of the tuition fees for the next academic year.

The full terms and conditions and the cancellation form can be found in our general terms and conditions and are available at tio.nl/en/cancellation.


Need advice?

During the open days, internal and external specialists are present who can tell you more about the possibilities of financing a bachelor’s degree at Tio. For more and up-to-date information, you can also consult the website of DUO.

Average rating for this Tio programme: 4.3 on a 5-point scale based on 15 reviews.