Summary:
Around 75,000 young people have received the salary bonus for qualification enhancement.
Total of €68.8 million paid out from 74,917 validated applications.
4,661 requests pending payment due to missing banking details.
Over 12,000 applications were not validated due to unmet criteria.
Bonus available for graduates under 35 years with degrees completed by 2023 or earlier.
Tuition Fee Refunds for Young Graduates
As of August 1, 2024, approximately 75,000 young individuals have received the salary bonus aimed at enhancing qualification values, as announced by the Ministry of Finance. The Tax Authority is still processing requests for tuition fee refunds, with a total of 91,585 applications processed so far.
Key Statistics
- Out of these, 79,578 applications were validated, leading to 74,917 payments, amounting to a total of €68.8 million.
- There are 4,661 validated requests yet to be paid due to missing banking information in the Finance Portal.
- An additional 12,000 applications were not validated due to not meeting certain criteria, such as age limits or residency requirements.
Eligibility Criteria
The salary bonus, part of the 2024 State Budget, is available for young people up to 35 years old who reside and work in Portugal. To qualify, applicants must have completed their bachelor's or master's degree at public or private higher education institutions, either national or foreign, by 2023 or earlier, but less than the duration of the course.
Payment Details
The refund translates to an annual payment of €697 for a bachelor’s degree and €1,500 for a master’s degree, paid for the duration equivalent to the course length. For instance, a three-year bachelor’s degree would yield three annual payments of €697 each. Payments for validated requests are processed by the Tax Authority via bank transfer using the banking details registered on the Finance Portal.
Comments