Students and professionals
Education is expensive: working materials and books as well as housing, food and living expenses must be paid for. Side jobs alone will not get you very far anymore. Our loans give you more financial flexibility.
KfW Student Loan
For whom?
For full-time students doing their first degree at a state or state-approved university (or technical university) domiciled in Germany; you must be aged under 35 years at the time of loan application.
For what?
To finance the living expenses of students
What promotional funds are available?
A promotional loan that has the following advantages over many other loans offered to students:
- Monthly disbursement between EUR 100 and EUR 650 during the period of study
- Low interest rates and the assurance that a specific maximum interest rate will not be exceeded for the next 15 years regardless of how interest rates develop in the market
- It is granted regardless of your personal and your parents’ income and assets
- No collateral is required
- Flexible repayment for a period of up to 25 years
Application: with KfW through the online loan portal
Education Loan
For whom?
For school, college and university students in advanced stages of their education
For what?
To pay for extraordinary costs such as a study semester abroad after the interim exams, for internships, special working materials or an excursion
What promotional funds are available?
A promotional loan in monthly instalments of up to EUR 300 for a maximum of 2 years (maximum loan amount EUR 7,200) that offers the following advantages:
- It is complementary to BAföG student support payments (education and training support provided by the Federal Government)
- It is granted regardless of your personal and your parents’ income and assets
- A one-time disbursement of up to EUR 3,600 may be granted for special expenses
- No collateral is required
Application: with the Federal Administration Office (Bundesverwaltungsamt - BVA)
BAföG Bank Loan
For whom?
For students and trainees at upper vocational schools, academies and universities
For what?
For an extension of the period of study due to an interruption or a change of subject, for a second course, or as support for you to complete your course
What promotional funds are available?
A KfW loan at an especially favourable interest rate for which no collateral is required. The loan is disbursed in monthly instalments during your education or training. The Education Assistance Office (Amt für Ausbildungsförderung) in charge of your case will determine the loan amount.
Application: with the Amt für Ausbildungsförderung (Education Assistance Office)
Meister-BAföG – assistance for master craftsmen trainees
For whom?
For tradespeople, technicians and other skilled workers undergoing further education to become master tradespeople, master industrial technicians, specialised business administrators or business economists or to earn a comparable qualification.
No age limit applies.
For what?
For your living expenses when you are undergoing full-time professional development, for course fees and examination fees
What promotional funds are available?
- A monthly allowance composed of a grant and a loan for full-time professional development; the amount takes your income, assets, marital status, number of children etc. into account.
- A grant for course fees and examination fees, a loan can be added where reasonable
Application: with the Amt für Ausbildungsförderung (Education Assistance Office)
