Funded by donations from the Albert- und Reinhold-Bohl-Stiftung (Albert and Reinhold Bohl Foundation), the administrative region (Landkreis) of New-Ulm awards annual stipends to students. Stipends are initially paid out for a duration of one year and may be extended on annual basis for up to four years.
Students from any discipline may apply. The main criterion is the financial need of the applicant. Their academic performance is of secondary importance. Applicants must have a GPA of at least 2.8. The stipend is aimed at students who are resident in the former adminstrative district of New-Ulm.