Merchant Marine Academies: 11.5 million euros for financial support for students

The “Program of financial aid for students of the Merchant Marine Academies (A.E.N.), for the academic year 2022-23” was approved by the Ministry of Shipping and Island Policy and the Ministry of National Economy and Finance with a Joint Ministerial Decision. It concerns the granting of an amount of financial aid to AEN students, with the aim of supporting them in order to achieve the timely completion of their studies at the Academies of Aspropyrgo, Epirus, Ionian Islands, Kalymnos, Crete, Kymi, Oinoussa, Syros , Chios, Hydra and Macedonia.

The total expenditure of 11,560,000.00 euros will be co-financed by the European Social Fund and the “Human Resources Social Cohesion” Program (FP2021-2027), within the Operational Program Human Resources Development Education Lifelong Learning. The amount of financial support for the students of A.E.N. is set at three thousand four hundred euros (€3,400) per student, for the academic year 2022-2023.

The amount of the financial support is granted for as many years as the years of study at the Academy, not excluding the semesters of practical training on board, it is a tax-free and non-disposal amount, it is not subject to any retention, it is not tied up and it is not set off against already confirmed debts to the State , insurance funds or credit institutions.

The project was included in the NSRF in collaboration with the Directorate of Seafarers’ Training of the Ministry of Shipping and Insular Policy and the competent Administrative Authority.

On the occasion of this decision, the Minister of Shipping and Island Policy stated:

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“It is with great pleasure that the approval of the “Merchant Navy Academies Student Financial Support Program” is announced for the academic year 2022-23″. This program is an important initiative aimed at supporting the students of our Academies, in order to achieve the timely completion of their studies.

The purpose of the Financial Support Program, which was approved by the Ministry of Shipping and Island Policy and the Ministry of National Economy and Finance by Joint Ministerial Decision, is to enable students to focus on their studies, without the burden of the financial burden that may be an obstacle to their completion.

Funding from the European Social Fund and the Human Resources for Social Cohesion Program is critical to ensuring that the seafarers of the future can receive the right training and contribute to the safe and efficient operation of the shipping industry.

The program, which is part of the NSRF, as a result of hard work and cooperation with the Directorate of Sailors’ Training and the competent Administrative Authority, is another step towards strengthening education and the maritime industry in our country”.

The Deputy Minister of National Economy and Finance, Mr. Nikos Papathanasis, underlined: “With the co-financing of Greece and the European Social Fund, a financial support program for students/three of our country’s Merchant Marine Academies (AEN) became possible for the first time.

This action is co-financed through the NSRF 2014-2020 and is to be continued in the NSRF 2021-2027, in the context of supporting higher technical and professional education, strengthening its attractiveness and upgrading it.

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The Merchant Marine / Master-Engineer Academies provide high-level professional training for specialized jobs and educate the future executives of the – extremely important for Greece – shipping sector.

The action is therefore a very successful utilization of the goals of both the European Social Fund and the Greek government, as it is an investment in education and the necessary connection with the labor market, an investment with care for our young people.

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