Fundación AEB offers scholarships for students who wish to pursue undergraduate or graduate studies at CUNEF Universidad in academic year 2021-2022. Eligibility will be based on merit, plurality and non-discrimination, and scholarships will be awarded on a competitive basis.

The scholarships are intended for students admitted to CUNEF Universidad who meet the specified family income criteria and have a strong academic record; the scholarship percentage awarded will vary depending on GPA and family income. The scholarship cannot be added to other scholarships or grants.

Notwithstanding, meeting the academic and financial requirements does not imply that the scholarship will be automatically awarded, since it will depend on the total funds allocated to this purpose each academic year.

The scholarships will be awarded by Fundación AEB to those candidates nominated by  CUNEF Universidad Scholarship and Financial Aid Commission, and the final decision is not subject to appeal. Students will retain the scholarship in subsequent years only if they maintain or improve their academic performance.

Scholarship requirements and conditions

To be eligible for a scholarship, applicants will be required to prove that they have obtained an average grade as specified below:

  • First-year undergraduate students must have an average grade of 8.00 points or higher, calculated using the following formula: 0.6 NMB (average grade in upper secondary education) + 0.4 EBAU (University Entry Exam), excluding the grades for the optional subjects in the specific phase.
  • Graduate students must have an average grade of 8.00 points or higher, 7.50 points or higher for students with scientific or technical undergraduate studies.

Undergraduate students will retain their scholarship in subsequent years only if they achieve the average grade set out in the CUNEF ranking.

Only students whose family income is below the maximum threshold established in the scholarship conditions will be eligible for these scholarships.

The scholarship percentage awarded will vary depending on grades and family income, up to a maximum of 100% of tuition fees. (See table 1)

Undergraduate students who are awarded a scholarship will be required to dedicate between 40 and 140 hours per academic year—calculated based on the amount awarded—to assisting University departments. Any students who do not meet this requirement will lose their scholarship.

Scholarship requirements and conditions

To be eligible for a scholarship, applicants will be required to prove that they have obtained an average grade as specified below:

  • First-year undergraduate students must have an average grade of 8.00 points or higher, calculated using the following formula: 0.6 NMB (average grade in upper secondary education) + 0.4 EBAU (University Entry Exam), excluding the grades for the optional subjects in the specific phase.
  • Graduate students must have an average grade of 8.00 points or higher, 7.50 points or higher for students with scientific or technical undergraduate studies.

Undergraduate students will retain their scholarship in subsequent years only if they meet the standards of excellence set out in the CUNEF ranking.

Only students whose family income is below the maximum threshold established in the scholarship conditions will be eligible for these scholarships.

The scholarship percentage awarded will vary depending on grades and family income, up to a maximum of 100% of tuition fees (See table) for students enrolled in undergraduate degrees and 50% of tuition fees (See table) for students enrolled in graduate degrees.

Undergraduate students who are awarded a scholarship will be required to dedicate between 40 and 140 hours per academic year—calculated based on the amount awarded—to assisting University departments Any students who do not meet this requirement will lose their scholarship.

Students with siblings in CUNEF are eligible for this discount as long as they are enrolled simultaneously in any degree:

  • First child: not eligible for a discount
  • Second child: eligible for a 20% discount on tuition fees
  • Third and subsequent children: eligible for a 40% discount on tuition fees

To be eligible for this discount, applicants must show a valid document certifying that they are members of a large family (three or more children), in accordance with Law 40/2003, issued on November 18, on the Protection of Large Families.

The discount cannot be combined with other scholarships or grants.

The following situations are considered unforeseen events:

  1. Death of a parent
  2. Full permanent disability or severe disability of a parent
  3. Other unforeseen events with a severe negative impact on family income (for example, a severe impact on the family’s financial status due to COVID-19)

If an unforeseen event occurs, students may apply for financial aid. The Scholarship Commission will analyse their request and decide upon the form and amount of aid.

To apply for aid, students must provide documentary evidence of the adverse event.

The decision to grant this aid will be contingent on the existence of sufficient funds and the Scholarship Commission’s assessment.

Students enrolled in CUNEF Universidad who wish to apply for a scholarship for academic year 21-22 must submit the following documents before the specified deadline:

  1. Completed scholarship application form
  2. Photocopy of the EBAU (University Entry Exam) card containing an electronic signature and a verification code or, alternatively, a UNEDasiss accreditation (Undergraduate Degrees)
  3. University transcript listing the final grades for each course and the final grade for the degree (Graduate Degrees)
  4. Personal Income Tax Self-Assessment Form 100 filed in 2020 for all members of the family unit
  5. Tax information for 2021 for all members of the family unit
  6. Last three payslips of the mother, father and any other family member earning an income at the time of applying for the scholarship
  7. Wealth Tax return for those under an obligation to file it
  8. VAT returns for 2020 and 2021 (for self-employed professionals and independent contractors)
  9. Separation agreement if parents are separated
  10. Corporation Tax return when parents hold a stake above 50% in any given company
  11. Students can include any certificate or document that can serve as proof of family income status

It is the responsibility of the applicant to submit all the relevant documents to be taken into consideration in time and manner.

Applications will be considered based on the documents submitted and, once the decision has been made, NO additional documents will be accepted.

The omission of income or wealth data, as well as any false information included in their scholarship application, will make students ineligible for any form of financial aid during their studies at CUNEF Universidad.

Students must fill out the scholarship application and email it, together with all the required financial documents in PDF format, to becas@cunef.edu

No applications will be accepted after the deadline. Applications must be properly registered to be considered.

  • Application period: from 15 June to 30 June, 2021.
  • Award decisions: The Scholarship Commission will inform applicants in writing of the final decision on their application from 20 July 2021, onwards.

In compliance with the LOPD (Organic Law on the Protection of Personal Data), no information regarding award decisions will be provided by telephone.

Fulfilling academic and financial requirements does not imply that the scholarship will be automatically awarded, since it will depend on the total funds allocated to this purpose each academic year.

Current application conditions apply exclusively to academic year 2021-2022 and do not imply the consolidation of the scholarship scheme for future academic years.

Submission of the application implies the applicant’s formal acceptance of the interpretation criteria and decisions of the CUNEF Universidad Scholarship and Financial Aid Commission regarding any ambiguous information, as well as of scholarship conditions and requirements and of award decisions.

Any award decisions made by the Scholarship and Financial Aid Commission will be final and not subject to appeal.

In accordance with article 17.2 h) of the Spanish Personal Income Tax Law, scholarships awarded to students by CUNEF S.L. will be considered earned income for the recipients.

Given this, and the fact that CUNEF is a corporate entity, and not a non-profit organization as described in the terms of Law 49/2002 or a Banking Foundation as regulated by Law 26/2013, the tax exemption for scholarships as provided by article 7 of the Personal Income Tax Law does not apply.

This means that CUNEF will withhold tax on scholarship payments. In accordance with article 86.2 of Personal Income Tax Regulations, the applicable rate, as long as the scholarship is awarded for less than a year, is 2% (19% for EU residents and 24% for non-EU residents).

The tax exemption for scholarships as provided by article 7 of the Personal Income Tax Law applies to scholarships awarded by Fundación AEB (FAEB).

Submission of the application implies the applicant’s formal acceptance of the interpretation criteria and decisions of the CUNEF Universidad Scholarship and Financial Aid Commission regarding any ambiguous information, as well as of scholarship conditions and requirements and of award decisions.

All members of the family unit declare that the information provided is true, and authorise CUNEF to create a file containing all the necessary data to process the application. They may exercise their rights of access, rectification, cancellation and opposition under the provisions of the Organic Law 15/1999, of 13 December, on the protection of personal data, via email to datos@cunef.edu.