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 , an amalgamation of German student committees, the Studienstiftung des Deutschen Volkes was dissolved in 1934 under and replaced by the "Reichsförderung", a department of the newly founded . The Studienstiftung des deutschen Volkes was newly formed as a registered association in 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).
The German Academic Scholarship Foundation supports exceptionally talented students and doctoral candidates selected in accordance with its mission statement, which is based upon the principles of achievement, initiative and responsibility. Scholars are admitted through various channels:
If admission occurs before the end of the fourth semester, sponsorship is usually granted until the end of the sixth semester. An extension of the scholarship beyond the sixth semester usually depends on academic performance in the first four semesters. In borderline cases, aspects other than academic achievements – such as exceptional social engagement or particular personal circumstances – may positively influence the decision to approve further funding. After an application has been approved, funding is awarded from the 6th semester until studies are completed (for example, until the master's degree or state examinations have been completed). In 2014, 91% of requests for further funding were approved.