Carlos III University of Madrid (UC3M) has Alumni Scholarships available for first year undergraduate students. This program aims to enable students with good academic record and with limited financial means to study at the university. 12 scholarships of €3,000 per year are currently awarded annually. Beneficiaires are required to pay back 50% of the aid received from year 5 after graduation to help fund future scholarships.
Applicants must be first years students enrolled in a degree course at UC3M. Candidates must have a grade point average of 8. Candidates must meet low income requirements.