Once you know how much expense to expect, the real question is, where can you get the money? Who will support you? Unfortunately you’ll need more than a BafoG application. The amount of funding is often not enough. Now study courses are less straightforward than the BAFOG requires. The good news is that Germany has abolished tuition fees officially from October 2014, making studies in Germany less prone to debts from student loans. However living in Germany isn’t for free therefore one is drawn to look for alternatives to fund their studies.
Sometimes you will have no other choice than getting loans to found your studies. You can learn more about this type of information in our site. Usually in our first page you can find different information linked to articles which you can find detailed information for different questions and problems that you may face during the studies. In this guide we have separated the article in different sections. In the section as you will learn more about general funding opportunities, section B is shown separately on the other hand.
For students who are not yet 25 years old, their parents can apply for child support. This is a part of state financing system which support livelihood of children’s. Your parent’s do not need to worry a lot about maintaining or irregularly payments as the child benefits are paid as monthly aids. The amount per child from 2010 varies from 184 to 215 euro.
- Child benefit is a public service that will help to secure the livelihood of children’s.
- In order to qualify, the only requirement is your parents.
- For children who are older than 18 years, benefits can be taken only if certain conditions are met.
- During transitional periods there may be child support. However the period many not last more than four months.
- Income and Earning Limits: Since 2012, there are no more earning limits as the state has eliminated them. So students who are going for their first degree are no longer checked for their income. Anyone who studies can ask for child support if he is working less than 20 hours per week.
- Amount of Benefits: sine 2010 the amount of children benefit varies from 184 Euros per month to 215 euro per month.
BAföG: Financial support from the State
If you parents do not have enough money to support financially your studying expenses, than another support opportunity exist. This is granted as a type of support and loan so you will have to pay it back after you graduate. The rate of subsidy from 2010 was 670 euro/month if you live alone. If you live with your parents the maximum is 495 euro/month.
Scholarships: Scholarships are offered by many organizations, federal government or individual countries. Many scholarships have specific requirements like the average grade, tests and other examinations.
Application Procedure: Until the last 5 years applying for a scholarship was possible only after the start of your studies. So you couldn’t rely on financial support from the beginning of your studies. Nowadays, things have changed and almost all foundation offer programs to offer funding from the beginning of the studies. Usually a timely application is considered applications which are made six months in advance, in some cases even longer. For most scholarships it is required to have good academic performances, good grades and good behaviors.
Remember only 3 percent of students achieve to get scholarships, it is not a great number but for those who need financial support can be a great opportunity to find an organization and apply for a scholarship.
Finding a Job: Students like to work part time, sometimes to support their self and earn money to pay they studies or sometimes to save some money and go on vacation. It is great experience to be self-financed. In the other hand, working part time or full time means less commitment to your study lectures. But if you are a hard working person like me, and want to work and study in the same time than that can be great. You will gain experience on the working world out there. For those who have financial support, it is not suggested to work part time because your job steals your time for exam preparation or sleeping.
Many employers offer jobs for students because it is much more cost effective for given income from social security reasons. So there are different privileges for students who want to work during their studies.
Student Loans: There are options to apply for a loan and get a loan to pay for your expenses during your studies. Remember you must pay the loan after you graduated and found a job.
State Loans: State also give loans for 3 first semesters to the bachelor students. Loan is between 100 and 300 euros per month and it is payable for 24 month. This is different from private student loans.
There are different other type of loans that can be granted to students but which we will create a special article and tell you more about them.
Living Requirements: It is required from all foreign students to find somewhere to live before coming to Germany. It is essential to have an apartment, house or a shared room so you can get a study visa. It is important to know that you also need to have financial support in any way to pay for the living ambient.
There may be other financial benefits which we haven’t still listed on our website database but soon we will be posting detailed articles for this topic.