Overview of Tuition & Fees
You will find all relevant fees below
Tuition offer
After the admission at ITM has bee completed, you will receive a tuition offer by our team within the Letter of Acceptance (Admission letter). The Letter of Acceptance will confirm your admission to the ITM College study programme if you agree to the stated terms. The Letter of Acceptance contains details about the start date of your chosen course, the tuition fee and payment plans. In case you have any specific questions concerning your LEtter of Acceptance, please do not hesitate reaching out to our admission team.
Tuition Fees Diploma Programme
Study Fees Year 1
11.240€ (non-EU) / 8.990€ (EU)
Study Fees Year 2
10.490€ (non-EU) / 8.490€ (EU)
Total Costs for the Diploma Programme
21.730€ (non-EU) / 17.480€ (EU)
Included: Semester Fees, Study materials (books, scripts, cooking and service resources), Registration Fee, ITM uniform, on-campus printing, all other support facilities and ressources by ITM (visa, career coaching, etc.)
Accommodation Fees
Double room
440€ per month
Single room
710€ per month
Breakfast / Lunch / Dinner
Please request detailled information
Accommodation is provided by the College Garden Hotel Bad Vöslau, an operating seminar and event hotel. Students will be accommodated in regular hotel rooms. All rooms are fully furnitured, etc..
Further Fees
Health insurance
Starting from 51€ per month
Language Courses
Please request detailled information
Summer School
Please request detailled information
Preparation semester
Please request detailled information
How to pay
All fees should be paid directly to the following ITM College bank account. Alternatively, fees can be paid via Visa, Mastercard or PayPal.
Currency: Euro
Fees: To be born by the student
Bank Transfer:
Name of Receiver: International College of Tourism and Management
IBAN: AT55 2022 8000 0006 4840
BIC / Swift: SPKDAT21XXX
Banking institute: Kremser Bank und Sparkassen AG
Banking institute address: Ringstraße 2, 3500 Krems an der Donau
Credit card / Paypal:
Please request a payment link from the ITM administration via email: office@itm-college.eu
Please note that additional fees may apply.
Payment Options
All students are required to transfer the registration fee after receiving the Letter of Acceptance within 14 days. The study place will be cancelled automatically, in case of a 30 day payment delay if not otherwise communicated with the ITM office.
International Students: All international students are required to pay the tuition fee for the first study year in advance. In exceptional cases, a payment in instalments can be agreed on. However, this will at least require the payment of the first semester fee and the study materials.
EU students: If you are an EU citizen, you can either pay the full first study year in advance or agree on an individual payment plan in instalments.
Financial Assistance & Scholarships
ITM College is a fully private educational institution and, therefore, charges tuition fees to ensure high teaching standards and meet the expectations of international students. These fees also cover extracurricular activities (sports, career coaching, …) and additional support with administrative matters, such as residence permits and the EU registration certificate (Meldebescheinigung), health insurances, etc.
To support students in financing their education, we offer a range of financial assistance options and scholarship programmes.
Financial Assistance
– Instalment payments for EU citizens
– Possible instalment plans for international students upon request
– Alternative payment methods, including bank transfer, credit card, and cash
Scholarship Programmes
– EU Citizen Scholarship: Reduced semester fee of €3,750 instead of €4,750, amounting to a total discount of €4,000 over two years
– High Achievers Scholarship: €250 discount per semester for students maintaining an average grade of 1.5 or higher (evaluated at the end of each semester)
– Experienced Students Scholarship: Up to €500 discount per semester for students with relevant work or educational experience
– Additional Scholarships: Larger scholarships may be available upon request
For further details on eligibility and the application process, please contact our admissions team.
Refund Policy
The payment obligation for the first study year arises once enrolment has been confirmed by both ITM College and the student. ITM College confirms enrolment by sending the (Conditional) Letter of Acceptance, which constitutes an offer of admission reserving a study place for 14 days. At this point, the student has met all the necessary requirements (potentially subject to conditions) and is eligible to pay the registration fee of 750€. Once the registration fee has been transferred to the ITM College bank account, this is considered as the student’s confirmation of enrolment. The registration fee is non-refundable. The payment of the remaining amount shall be made according to the given deadline stated on the Letter of Acceptance or according to the agreed instalments. The student will receive an official study and payment confirmation.
After the student received the preliminary residence permit approval and / or started the diploma programme, a refund of the current study year is no longer possible. Generally, a refund is no longer possible as soon as the student confirmed the enrolment by transferring the registration fee. The ITM management can approve individual refund requests in case of special reasons. This may include a cancellation at least 3 months prior to the start of studies or a visa / residence permit rejection not intentionally caused by the student.
The obligation to pay for the second academic year arises after the end of the first academic year unless the student has informed the ITM Administration in written form via email by the end of March that he does not wish to continue his studies. The payment itself is due in June or according to the agreed instalments.
In case the student terminates his studies prematurely, the entire annual amount and additional charges if incurred are due and no previous payment will be refunded.
Should payments not be made as agreed, ITM has the right to withhold grade reports, diploma certificates and any other written documentation which certify the completion of the study year.