Changes

'''Funding'''

'''Funding'''

In 2014, the operating budget for the DAAD was approximately 441 million euros. Its most important funding providers include the Federal Foreign Office – AA (40%), the Federal Ministry of Education and Research – BMBF (23%), the Federal Ministry for Economic Cooperation and Development – BMZ (9%) and the European Union – EU (15%). The sixteen states of the Federal Republic of Germany are responsible for covering the tuition costs of the foreign scholarship holders. Other sponsors include foreign governments, companies, foundations and the Stifterverband für die Deutsche Wissenschaft.<ref>https://www.daad.de/der-daad/zahlen-und-fakten/en/30736-budget-and-funding-bodies/ Fundiing for the DAAD, Retrieved 3rd July 2016</ref>

In 2014, the operating budget for the DAAD was approximately 441 million euros. Its most important funding providers include the Federal Foreign Office – AA (40%), the Federal Ministry of Education and Research – BMBF (23%), the [[German Federal Ministry for Economic Cooperation and Development (BMZ)]] (9%) and the European Union – EU (15%). The sixteen states of the Federal Republic of Germany are responsible for covering the tuition costs of the foreign scholarship holders. Other sponsors include foreign governments, companies, foundations and the Stifterverband für die Deutsche Wissenschaft.<ref>https://www.daad.de/der-daad/zahlen-und-fakten/en/30736-budget-and-funding-bodies/ Fundiing for the DAAD, Retrieved 3rd July 2016</ref>