KfW study loan
income-independent
no collateral needed
amount: up to 650€/month
flexible payout and payoff rates
Taking out a loan for your studies: What’s in it for you?
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Your financing options
Study loans are a popular option for students to cover the cost of their education. They usually run at a low interest rate, which makes them easier to pay off. In addition, many loans can be combined with other funding. You apply for them online.
The KfW-Förderbank for example offers you a long-term student loan as well as a loan for the final phase (Bildungskredit) of your studies. You can also apply to Deutsche Bildung AG for student financing.
KfW Bildungskredit (final phase)
income-independent
no collateral needed
amount: 100, 200 or 300€/month
one-time payment of partial sum possible
for additional, supplementary or postgraduate studies (full-time only)
Deutsche Bildung AG
income-independent
no collateral needed
amount: up to 30.000€
monthly or one-time payment
payoff-rate depends on income
How your investment will pay off
Improve your salary prospects
A degree increases your chances for a higher salary, which will make your loan easier to pay off.
Unleash your potential
A study loan gives you the freedom to develop professionally – or reinvent yourself.
Upgrade your career prospects
You acquire skills that can advance your career and lead to more responsibility.
The KfW student loan
Which programmes are funded?
You can receive funding for any bachelor’s and master’s programme at IU International University of Applied Sciences – even as a part-time student. After completing your bachelor’s degree, you can receive further funding for your master’s programme. In addition, you can combine your student loan with a loan for the final phase of your studies or with state funding (BAföG).
*Note: This link leads to an external website.
Who can receive funding?
You can apply if you are no older than 44 years old at the time funding starts. In addition, you should have German citizenship and be registered at a German address. Alternatively, you must be an EU-citizen and resident of Germany for the past three years. Or you are a foreign student, have acquired your university entrance qualification in Germany and are registered at a German address.
How much will I receive?
Depending on your needs, you can apply for monthly payouts between 100 € and 650 € (independent of your income or assets). You can change the amount within this range each semester. Depending on how many semesters you study, the maximum payout sum varies.
Application to repayment: this is how the KfW student loan works.
Step 1: Apply & receive payment
Submit your KfW application easily, quickly and conveniently online via our cooperation partner meinBafög.*You can receive up to €650 per month.
*Note: This link leads to an external website.
Step 2: Pause repayment
Pause your repayments for between 18 and 23 months (6 months if you wish). If you have not selected an interest deferral, you will only pay the interest on the disbursed loan amount during this time.
Step 3: Repay the loan
Repay your student loan in monthly installments (interest + repayment) within a maximum of 25 years or until the age of 67 with a minimum installment of €20.
Example calculation*:
Imagine you want to study for a Bachelor's degree in Social Work and finish quickly. You pay € 379 per month in tuition fees**. You can finance € 160 from your savings. You take out a KfW loan for the remaining €219.
A carefree start to your studies: During the disbursement phase, you receive a monthly payment and do not have to pay any interest.
Monthly payment amount: € 219
Take a deep breath in the meantime: You would like to defer repayment of the loan for 12 months after your studies. You will only have to pay a small amount of interest.
Monthly charge: €44
Stay flexible when it comes to repayment: for example, decide to repay the loan in full within three years.
Monthly charge: €244
*Note: The interest rate is variable and is based on the 6-month EURIBOR (European Interbank Offered Rate). It is fixed on 1.4. and 1.10. for half a year in each case. All amounts in EUR are examples and have been rounded for better presentation.
**after deduction of the tuition discount, full-time Bachelor of Social Work (36 months)
Other funding options
Who can receive funding?
Students who are in the final phase of their bachelor’s or master’s programme. In your bachelor’s programme, you must have completed the regular achievements of you’re the first year. You can only receive funding if you are between 18 and 36 years of age. Part-time students cannot receive funding.
How will I receive funding?
This loan is paid out on a monthly basis. You can choose between payouts of 100 €, 200 € and 300 €. The maximum funding period is 24 months, so the maximum payout total is 7.200 €.
What do I need to know about repaying the loan?
Starting with the first payout, you have a period of four years in which you don’t have to make any repayments. After that, you have to pay off your loan in monthly rates of 120 €. If you pay off your loan partially or entirely ahead of time, there are no extra costs.
Find further information and details for example on interest rates and application here.
What are the requirements to receive funding?
To receive funding from the Deutsche Bildung AG, you must have completed your A levels in Germany or Austria and be a German citizen or have an indefinite permit of residence. Additionally, you may not have a negative SCHUFA entry.
Which programmes can receive funding? All bachelor’s and master’s programmes of IU, although bachelor’s students can only receive funding from their second semester. The maximum funding also varies for bachelor’s and master’s students.
How much funding can I receive?
Bachelor’s students can receive up to 15.000 €, master’s students up to 25.000 € and MBA students up to 30.000 €. The maximum funding depends on your field of study and your personal profile. You can receive payouts on a monthly basis, every six months, once a year or as a one-time payment. They are independent of your parents’ income. You can receive funding for a maximum of 42 months.
Can I combine this funding with other fundings?
Yes. You can combine funding from the Deutsche Bildung AG with BAföG, scholarships or student loans.
What do I need to know about repaying the loan?
our repayment rate depends on your income after completing your degree. As soon as you’ve landed a job with a gross income of more than 1.500 €, your repayment period starts. After application, you will receive a personalised offer.
Find more information here.
Phone: +49 (0)69 9203945141
www.deutsche-bildung.de/de/studienkredit/
* Please note that our website merely serves information purposes. We base our contents on detailed research – however, they do not replace individual counselling that takes your personal profile into account. Therefore, we cannot assume any liability or guarantee for the correctness, completeness and up-to-dateness of the information provided.
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