Good funding, even
without a scholarship
Someone who is not successful in winning a scholarship or needs to cross-finance part of the study fees can draw on a student loan. The conditions for repayment can vary greatly, depending on the provider, and the lenders’ offers are both diverse and numerous; it is worth making detailed comparisons.
Conventional student financing:
- Deutsche Bildung fund
- Future Finance
- KfW student loan
- Student loan of the Nassauische Sparkasse
Education funds of external providers:
- Festo education fund
- Career Concept education fund
- DKB Student education fund
Since 2007, Deutsche Bildung (as a social business) has been sponsoring students in all disciplines during their studies (also abroad), with very flexible financing options and the funding programme WissenPlus for a successful career start. Other than with a student loan, the graduates repay the loan pro rata, without the risk of excessive indebtedness.
All benefits at a glance:
- Total flexibility of disbursement, according to personal requirements.
- Depending on the study course, up to a total of 30,000 euros.
- Funding programme WissenPlus for a better start to your career, soft skills training, application coaching and more …
- Proportional repayment, depending on subsequent income (3 to 10 percent)
- Repayment period depending on amount of funding (3 to 10 years)
- Maximum upper limit of assessment in cases of high income
- Postponement or interruption of repayment in the case of further studies, illness, starting a family and more
- This repayment then finances new students
The state education grant is characterized by very good terms and conditions. The state grants one half of the money as an interest-free loan, the other half is paid as a grant not requiring repayment. However, only students who do not exceed certain capital and income limits qualify for BAFÖG.
Studentenwerk Frankfurt am Main // Bockenheimer Landstraße 133 // 60325 Frankfurt am Main // Phone +49 180 17 88 336 // firstname.lastname@example.org
Future Finance facilitates student loans between €2,500 and €40,000 per academic year to finance study fees and living expenses during the study course. Both German students and students from EU and non-EU countries can apply, if these have enrolled for a part- or full-time programme and are at least 18 years old. The credit period is five years and three months. Full repayment is due three months after graduation. During the study programme, monthly repayment instalments are capped at €99. In some cases it is necessary to name a guarantor who is older than 25 years, lives in Germany and fulfils certain income criteria.
KfW Student loan
This is a full loan with incurred interest, however substantially below market level. As opposed to a BAFÖG grant, neither the applicant’s nor the parents’ income and capital play a role. Also, as far as age is concerned, the KfW is more generous, supporting students between 18 and 44 and even when they exceed the standard period of study. The study loan offer can be requested from the respective sales partners of the KfW bank group.
Student loan Nassauische Sparkasse
The Nassauische Sparkasse offers EBS students a funding model with preferential rates. All benefits at a glance:
- Financing the study fees for bachelor or master study programme, including examination fees and semester fees abroad
- Additional financial expenses (interest) in the last two semesters
- Minimum amount € 5,000, maximum amount € 75,000
- Up to 24 months’ grace period after graduation
Nassauische Sparkasse // Frau Claudia Preusser // Markt 12 // 65375 // Oestrich-Winkel // Phone +49 6723 919 945 401 // email@example.com
FESTO Education Fond
With the Festo education fund, students of the EBS Business School receive a student loan of up to € 40,000. The advantage of the Festo education fund: repayment is not in fixed instalments but constitutes a certain percentage of the individual’s income, set on a case-by-case basis. In other words, Festo education fund participants pay only what their monthly budget allows. The number and amount of payments can also be determined individually and as required. Besides financial support, it is also worth looking into the Festo education fund as it covers a wide range of qualification programmes as well as providing access to a large network of top-level corporate and academic contacts.
Career Concept Education fund
With its study and education funds, Career Concept taps the free capital market for education financing. Investors invest in products such as education funds which in turn finance talented young people during their studies. After successfully entering the labour market, the graduates pay back a time-limited, proportional percentage of their achieved income in return.
DKB Student Education Fund
The DKB student education fund is available to students who are not older than 30 years at the beginning of their studies, are German nationals and have permanent residence in Germany. Up to € 650 can be paid each month. The maximum amount for a loan is € 39,000. Additionally, it is also possible to apply for a one-time grant of up to € 5,000 for studies abroad. The disbursement period is possible up to the end of the standard study period plus 2 semesters. The DKB student education fund is independent of any BAFÖG grants or scholarships, or parental income.