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Acronyms that contain the term studienstiftung 

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Studienstiftung des deutschen Volkes

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What does studienstiftung mean?

The German Academic Scholarship Foundation (German: Studienstiftung des deutschen Volkes, or Studienstiftung for short) is Germany's largest, oldest and most prestigious scholarship foundation. In line with its statutes, it supports "the university education of young people who, on account of their exceptional academic or artistic talents and their personalities, can be expected to make an outstanding contribution to society as a whole". The Studienstiftung is non-political, non-denominational and ideologically independent. Its headquarters are located in Bonn; it also has an office in Berlin. The current president is Reinhard Zimmermann, and it operates under the auspices of the President of Germany, Frank-Walter Steinmeier.The Studienstiftung is funded by the federal government of Germany, the German federal states and local authorities, a large number of foundations and businesses as well as numerous private donors. In 2015, the Studienstiftung's budget was over €103 million. Since its foundation, it has supported over 65,000 students and doctoral candidates; it currently has over 60,000 alumni worldwide. The selection process is extremely rigorous and only those students who show outstanding academic and personal promise are chosen. The Studienstiftung awards scholarships to fewer than 0.5% of German students. It is often referred to as Germany's "secret elite university".Initially founded in Dresden in 1925 as a department of the Deutsche Studentenschaft, an amalgamation of German student committees, the Studienstiftung des Deutschen Volkes was dissolved in 1934 under National Socialism and replaced by the "Reichsförderung", a department of the newly founded Reichsstudentenwerk. The Studienstiftung des deutschen Volkes was newly formed as a registered association in Cologne in 1948. As well as offering scholarship programmes on a national level, since 2005 the Studienstiftung has also run the Max Weber Programme, which supports exceptionally talented students within the framework of the Bavarian Elite Support Act (BayEFG).

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