Service Finder
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
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.
Process flow
You can apply for an education loan via the Internet or in writing to the Federal Office of Administration.
Procedure:
- Compile the required documents and submit them to the Federal Office of Administration by mail or scanned by e-mail.
- The responsible office will review your application.
- After the application has been reviewed, you will receive a written decision. If the decision is positive, the BVA will send you a contract offer from KfW together with the decision.
- KfW Bankengruppe will take care of the conclusion of the loan agreement, the payment of the installments and also the reclaim.
Competent authority
Requirements
Students
Students in an advanced stage of study are eligible to receive the loan if they are
- are of legal age,
- are pursuing a bachelor's, master's or master's degree program or a postgraduate diploma program on a full-time basis as defined by the Higher Education Framework Act,
- have passed the intermediate examination of their course of study (or have successfully completed the first part of a consecutive course of study and are now continuing this course of study),
- are pursuing an additional, supplementary or postgraduate course of study and have already completed an undergraduate and graduate course of study (undergraduate course of study),
- complete a domestic or foreign internship as part of their studies at an eligible university (also outside Europe)
o t h e r - in the case of study abroad, attend a study institution equivalent to a domestic one.
If your course of study does not provide for an intermediate examination, you must have completed the customary achievements of the first two years of training - or of the first year of training in the case of students in bachelor's degree programs (proof: intermediate examination form from the Federal Office of Administration or written declaration from the university).
Pupils
Pupils can receive an education loan if they are
- are of legal age,
- are undergoing full-time training at an educational institution eligible for funding under the BAföG,
- have a vocational qualification, or
- achieve a degree qualifying them for a profession with the training to be supported
u n d - are in the penultimate or final year of training.
The loan is granted up to a maximum of 36 years of age.
Which documents are required?
Required documents
- Copy of the identity card
- in the case of pupils:
- Certificate of the school about the beginning, end and aim of the education
- current school certificate
- in the case of students:
- current certificate of enrollment
- Proof of completed university/study semesters (not subject semesters!)
- certificate of the passed intermediate examination of the course of studies to be continued
- in the case of consecutive degree programs (complementary degree programs in the same subject area): certificate of having passed the first part of the degree program to be continued (Diplom I)
- Proof that you are pursuing a Bachelor's, Master's or Magister degree as defined by the German Higher Education Framework Act (Hochschulrahmengesetz)
- Proof that you are pursuing a postgraduate diploma program within the meaning of the Higher Education Framework Act
- Proof that you are pursuing an additional, supplementary or postgraduate course of study together with a certificate of completion of an undergraduate and main course of study (undergraduate course of study)
- written declaration from your university that an intermediate examination is not required in the course of study you are taking and that you have completed the usual work in the first two years of your studies, or an "intermediate examination form" filled out by the university
- Proof of the duration of the internship as well as of the connection with the attendance of the educational institution (in case of an internship abroad together with a German translation)
- for foreign citizens additionally
- Copy of passport (personal data and residence status, if applicable)
- residence status form filled out by the responsible foreigners' office
- if applicable, a copy of the marriage certificate in the case of a German spouse or a copy of the birth certificate in the case of a German parent
What are the fees?
The application is free of charge for you.
Fee: free of charge
Appeal
Alternatively, you can request the application forms from the Federal Office of Administration:
- in writing: via the address
Federal Office of Administration
Department IV 4
50728 Cologne - e-mail: bildungskredit@bva.bund.de
- by telephone: +49 22899 358-4492 or +49 221 758-4492
What else should I know?
Author
The text was automatically translated based on the German content per DeepL.
Technically approved by
Federal Office of Administration, compiled with the kind support of KfW Bankengruppe
Professionally released on
05.01.2011
Source: Zuständigkeitsfinder Thüringen (Linie6PLus)
No competent authority found
Please enter your location.
