Financing of studies

Studying costs money.

The financing advising reveals which opportunities are present for financing your studies:

Study loans for study financing or longer phases are offered by many banks. At our consultation centre, we introduce the KfW study loan (KfW-Studienkredit) to you.

For advanced studies (usually for the second semester and above), perhaps a scholarship may come into question. Such scholarships are often linked to great benefits but also other criteria, such as a union membership, political party closeness, hobbies or one’s denomination.

For the final phase of studies, the education loan (Bildungskredit) offers financial support for a maximum of 2 years. You can apply for a loan after you received admission to the final exam (maximum of 2 semesters).

In exceptional cases, students are entitled to state support, such as housing or unemployment benefits.

The cheapest way of financing your living while attending a university is through the Federal Training Assistance Act (BAföG).
Half of the payment consists of a state grant; the other half is an interest-free loan. This loan does not have to be repaid until 5 years after the maximum support term (standard period of study). The repayment obligation is limited to a maximum of 10,000 euros.
However, not every student is entitled to BAföG, or the financial support is not enough for the financing of studies. Many students do not have time for a part-time job because lectures, seminars and phases of exam preparation are increasingly becoming time-consuming.