Education loan approval

Service Description

One option for financing education for students and pupils is a time-limited, low-interest education loan. Your income and assets or those of your parents do not play a role. Collateral is not required from the applicant. However, you do not have a legal claim to the education loan.

For studies, the loan can initially only be granted until the end of the twelfth university semester. In addition, when you apply, you must prove that you have been admitted to the final examination and that you will be able to complete your education within the possible funding period (24 months). Students of human medicine are required to complete the practical year as an entry requirement for the final examination.

Also, only training at institutions that are recognized under the Federal Training Assistance Act (BAföG) will be funded.

Foreign students must meet special requirements (according to § 8 BAföG).

Students at foreign universities can be granted an educational loan if their studies are comparable to those at a German (technical) university.

In the case of school-based training, an education loan can only be approved in the last 24 months of the training. In addition, the training must end with a vocational qualification and be eligible for funding under the BAföG.

Disbursement and repayment

KfW Bankengruppe will pay out the education loan in up to 24 monthly installments of EUR 100, 200 or 300 each, i.e. up to EUR 7,200. If a corresponding need is proven, for example for the purchase of cost-intensive work materials, part of the loan can be paid out in advance up to an amount of EUR 3,600 as an advance payment if the total limit of 24 monthly installments and EUR 7,200 is not exceeded.

The first four years, starting with the first disbursement, are repayment-free. Thereafter, repayment begins in monthly installments of EUR 120, collected quarterly at the end of each quarter. In the event of renewed funding for a further training period, the repayment installments are deferred.

You can repay the loan in full or in part at any time without incurring additional costs or fees.


Interest accrues for the term of the loan. The interest rate is variable and is based on the 6-month EURIBOR (European Interbank Offered Rate). It is fixed on April 1 and October 1 for half a year each. The nominal interest rate includes an administrative cost surcharge of one percent per annum.

Source: Zuständigkeitsfinder Thüringen (Linie6PLus)

Start your request directly online:

No competent authority found