The University of Nicosia believes strongly in expanding accessibility to and affordability of higher education.

For 2016 – 2017, the MSc in Digital Currency program has over €300,000 euros of financial aid available to students attending the MSc in Digital Currency, through a combination of merit scholarships, need-based scholarships and work-study programs.

Since the MSc program has a rolling admissions policy, scholarships are reviewed and awarded monthly, in conjunction with admissions decisions.

The Scholarships

UNic Proof-of-Work Merit Scholars

Type: Merit Based
Amount: 10%

Students with strong undergraduate academic records. Minimum level for consideration is an undergraduate GPA above 3.5 (US scale), “First” (UK scale) or local equivalent.

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10%
Number Available
Up to 3 per month (up to 36 annually)

Application Process
Submit MSc Digital Currency Scholarship Application and undergraduate transcript

Genesis Block Scholars

Type: Merit Based
Amount: 25%

Students with exceptional track records in crypto-currency. In order to be considered for this award, documentation of contribution and notable achievements in cryptocurrency must be provided.

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25%
Number Available
5 annually, awarded on a rolling basis

Application Process
Submit MSc Digital Currency Scholarship Application, including proof of academic or professional work in Blockchain Technology and a cover letter explaining your involvement.

Blockchain Scholars

Type: Need Based
Amount: 20% to 75%

Students with financial need are eligible to apply for this need-based scholarship award. In order to be considered for this scholarship, in addition to the scholarship application, students need to provide evidence of financial need.

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20-75%

Number Available
Up to 3 per month (up to 36 annually)

Application Process
Submit MSc Digital Currency Scholarship Application, including an income statement / proof of financial need.

Work-Study Peer-to-Peer Ambassador Program

Type: Work-Study
Amount: 30%

Students with the interest in and a capability to work on outreach or research assistant activities during their studies.

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30%
Number Available
Up to 2 per month (up to 24 annually)
Application Process
Submit MSc Digital Currency Scholarship Application, including a brief proposal explaining what services you can provide to the University’s Blockchain Center of Excellence. (Digital Ambassadors are expected to work 15 hours per month on either outreach or research)

*Further to the above:

  • Students with exceptional accomplishments, circumstances or need can be considered for a 100% scholarship (11,769 euros) at the University’s discretion.
  • All Scholarship applications must be accompanied by a brief cover letter explaining their eligibility.

Scholarship Terms

  • Scholarship applications are reviewed monthly. Applications must be submitted by the last day of the month to be eligible for that month’s review.
  • Only students who have completed their MSc application and have been accepted to the MSc are eligible to submit a scholarship application
  • Each student can earn a maximum of one (1) merit or need-based scholarship, though need and merit scholarships can be combined
  • Work-study programs can be combined with either need or merit scholarships upon special approval
  • Scholarships are applied on a pro-rata basis to each course in the MSc
  • The University of Nicosia reserves the right, at its sole discretion to award or not award any scholarship to any student and/or to change the number of scholarships awarded, their eligibility requirements or any other aspect of the financial aid program

Scholarship Application

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Genesis Block Scholars

Blockchain Scholars

Work-Study P2P Ambassador Program