Postgraduate studies: Educational credits for the Master

If you are not entitled to BAföG, you can apply for a low-interest education loan from the Deutsche Ausgleichsbank.

How much money do you get?

Up to 7.200 euros are granted within a training phase, but only up to the age of 36 and up to the end of the 13th university semester. The education loan is independent of the Income and for one Study awarded at home and abroad. In addition, it can be combined with any other funding, but there is no legal entitlement, as the funds are limited.

But also banks have now discovered the market for educational loans for themselves: There are so far about 40 50 offers from various institutions in Germany. There are already numerous different models, from which the students can choose the best one for them.

More detailed consideration is worthwhile

The books on the subject (advertising)

A closer look is worthwhile: The offers are better than their reputation. Interest rates are well within the limits of Bei der selection of the right loan you should be very careful clear do what you do it for Money needs.

Because if you know what you want, you can find the right offer with your personal requirements. Do not let anyone talk, but look closely.

Important: Ask!

This is best asked for by various providers. However, many Studentenwerke also offer financial advice. In addition, you should always ask. Even if certain conditions are not actually included in the loan package, many banks like to adapt to customer requirements flexibly.

Think about whether you want to use the loan to cover only the tuition fees or also the cost of living. Calculate your total monthly income and calculate how high your need really must be. Have you really exhausted all options with little or no repayment obligation (jobs, scholarships, BAföG, parents)? Are your financial demands on the standard of living really your phase of life, the Vocational Training, appropriate?

Who needs something?

Discounts for your success (advertising)!

Every jeck is different - and every student needs a loan that suits their circumstances. The differently structured loans are also differently attractive for different student types. Not always the offer with the cheapest interest rate is also the best for you!

1. Those who attach particular importance to flexibility or support in studying abroad may have to accept higher costs in order to be able to use the funds as they wish.

2. See if there are any problems with the loan when you are doing a trade or relocation, internships or stays abroad. Is a study credit necessary only for a certain phase (for concentration on the study, eg in the phase of completion of studies) or for the complete course of studies?

3. Inquire about the conditions you need to meet to get the loan. Most offers have very low access barriers, especially for German students. Thus, hardly any collateral is required that can not be provided by the students themselves (such as parent guarantees). For foreign students, especially from non-European countries, the situation looks quite different again. Also ask: How easy is the loan available? Are there any knockout criteria, eg a certain age limit? Can the study loan provide for the independent financing of the study or are the students (further additionally) dependent on the parents? Unfortunately, in some cases, residual debt insurance, credit insurance, term life insurance and the like are required as necessary collateral.

4. Particularly noteworthy is the openness of the offers. Only in a few cases are guarantees required that can not be provided by the student himself, such as parental guarantees. For German students, access barriers are therefore very low. On the other hand, there are always very different restrictions for students from abroad (and here in particular the non-European), which can not be shown here in detail. In addition, most lenders rarely want to impose on the students ongoing reporting requirements or even want to see the curricula.

5. But how the debt settlement looks and whether the debt risk can be limited is very important. Most providers offer repayment-free phases directly after the end of their studies. Special repayments that enable faster repayments immediately after the end of your studies are also possible at most institutes. Payment and repayment can be kept flexible in most cases. Clarify exactly on what terms the loan is granted and what total costs you will incur. And: How is the individual risk limited that the debt mountain "grows over the head" in the case of interest rate changes, unemployment or the like?

Top books on the subject

Read text as PDF

Acquire this text as a PDF (only for own use without passing it on according to Terms and conditions): Please send us one after purchase eMail with the desired title supportberufebilder.de, we will then send the PDF to you immediately. You can also purchase text series.

4,99€Buy

Advice on success, goal achievement or marketing

You have Ask about career, Recruiting, personal development or increasing reach? Our AIAdviser helps you for 5 euros a month – free for book buyers. We offer special ones for other topics IT services

5,00€ / per month   Book

Book eCourse on Demand

Up to 30 lessons with 4 learning tasks each + final lesson as a PDF download. Please send us one after purchase eMail with the desired title supportberufebilder.de. Alternatively, we would be happy to put your course together for you or offer you a personal, regular one eMail-Course - all further information!

29,99€Buy

Skate eBook as desired

If our store does not offer you your desired topic: We will be happy to put together a book according to your wishes and deliver it in a format of yours Choice. Please sign us after purchase supportberufebilder.de

79,99€Buy