Varna Free University uses the European Credit Transfer and Accumulation System (ECTS) to define a semester credit hour. ECTS allows credits taken at one higher education institution to be counted towards a qualification studied for at another. ECTS credits represent learning based on defined learning outcomes and their associated workload.
Workload indicates the time students typically need to complete all planned learning activities, such as attending lectures, seminars, preparation of projects, practical work, self-study and examinations, etc., required to achieve the expected learning outcomes.
Students’ knowledge and skills are evaluated in accordance with a six-point grading system: excellent (6), very good (5), good (4), satisfactory (3) and fail (2). An exam is considered successfully passed if the student has earned a minimum result of “satisfactory (3)”. Since 2004, ECTS grading has been applied to all students along with the national system grading.
| ECTS Grade | % of successful students normally achieving the grade | Definition |
| A | 10 | EXCELLENT – outstanding performance with only minor errors |
| B | 9 | VERY GOOD – above the average standard but with some errors |
| C | 7-8 | GOOD – generally sound work with a number of notable errors |
| D | 6 | SATISFACTORY – fair but with significant shortcomings |
| E | 5 | SUFFICIENT – performance meets the minimum criteria |