Apply for an education loan Unfortunately this specification of service has not yet been completely translated.

If you need financial support for your education, you can apply for an education loan. The education loan supports you in financing your school education or your studies. The loan is limited in time and particularly low-interest. Your income and assets or those of your parents or spouse are basically irrelevant for the approval of the education loan. You are not required to provide collateral. However, you do not have a legal claim to the education loan. Amount and duration of funding The education loan can be granted as a loan of up to EUR 7,200. The maximum funding period is 24 months. For studies, the loan can initially only be granted until the end of the 12th university semester. After the end of the 12th university semester, you must prove when submitting your application that you have been admitted to the final examination and that you will be able to complete the training within the possible funding period (24 months). For school-based training, an education loan can only be approved for the last 24 months of training. In addition, you must complete your training with a vocational qualification or have previously acquired a vocational qualification. The training must be eligible for support according to the BAföG. Studying abroad You can also get an education loan if you are studying at a foreign university. The foreign educational institution must be recognised as equivalent. Disbursement and repayment KfW Bankengruppe will pay out the student loan in monthly instalments of EUR 100.00, 200.00 or 300.00 each. You cannot change the amount of the instalment you have applied for during the payment period you have applied for. However, you can receive an advance payment if you have a corresponding need, for example, for cost-intensive work materials. The down payment can be up to EUR 3,600 if the total of 24 monthly instalments and EUR 7,200 is not exceeded. Repayment begins 4 years after the due date of the 1st payment. Repayment is made in monthly instalments of EUR 120.00. You can repay the loan in full or in part at any time without incurring additional costs or fees. Interest Interest is charged for the duration of the loan. The interest rate is variable and is based on the 6-month EURIBOR (European Interbank Offered Rate). It is fixed on 1 April and 1 October for half a year in each case. The nominal interest rate includes an administrative surcharge of one percent per year. Note: Foreign students must meet additional requirements.

Copy of the identity card for pupils: current certificate of the school about beginning, end and aim of the education If applicable, certificate of internship for students: current certificate of enrolment with proof of the completed university/study semesters and subject semesters If applicable: intermediate examination certificate or written declaration from your university that no intermediate examination is planned in your course of study and that the usual achievements of the first two years of training, or in the case of a Bachelor's course of study of the first year of study, have been completed, or an "intermediate examination form" completed by the university. Proof of additional, supplementary or postgraduate studies pursued and a certificate of completion of an undergraduate course of study Proof of the duration of the internship and of the connection with the attendance of the educational institution (in case of an internship abroad with a German translation of the proof) Proof that the work done in the semester abroad can be credited in the case of funding beyond the 12th university semester, proof that you have been admitted to the final examination (final examination form) for foreign citizens additionally Copy of your passport (personal data and residence status, if applicable) Proof of residence permit current certificate of registration and, if applicable, a residence status form filled out by the responsible Foreigners' Office in case of a German spouse: copy of the marriage certificate in the case of a German parent: copy of the birth certificate


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Forms: no Online procedure possible: yes Written form required: yes Personal appearance required: no

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Preconditions
The education loan is granted to adults up to the age of 36. Only training at institutions that are recognised under the Federal Training Assistance Act (Bundesausbildungsförderungsgesetz - BAföG) is funded. Students As a student, you can receive an education loan if you are are pursuing a Bachelor's or Master's degree or a degree leading to a state examination or diploma on a full-time basis, are pursuing an additional, supplementary or postgraduate course of study and have already completed an undergraduate degree, are completing a semester abroad or a domestic or foreign internship as part of your studies (also outside Europe), or in the case of studies abroad, attend a higher education institution which is equivalent to a domestic higher education institution, have passed the intermediate examination in the case of an undergraduate degree course (such as a Bachelor's degree) (if your study regulations do not provide for an intermediate examination, you must have completed the usual work in the first two years of study - in the case of students in Bachelor's degree courses, the first year of study). Pupils As a pupil, you can receive an education loan if you are are undergoing full-time training at a training institution eligible for support under the BAföG, have a vocational qualification or achieve a vocational qualification with the training to be funded and are in the penultimate or final year of training.
You can apply for an education loan online or in writing at the Federal Office of Administration Go to the website of the Federal Office of Administration and click on "Online Application". You will receive an online ID after submitting your application. Compile the required documents for your application and submit them to the Federal Office of Administration by mail or scanned by e-mail within 14 days, indicating the online ID. After your application has been checked, 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 will take care of the conclusion of the loan agreement, the payment of the instalments and also the reclaim.