Ways to finance study in Germany

Most public universities in Germany do not charge tuition fees, but studying can be expensive: each semester, you have to pay fees, buy books and continue of course to make money, in addition to student work or funding through BAföG, there are also many scholarships in addition to private loans and other funding programs for students.

Ways to finance study in Germany
Ways to finance study in Germany

Ways to finance study in Germany

Today there are a large number of funds in the scholarship market that want to provide financial support in the field of education, these funds hide behind the magic word "supporting talent", at the same time, talent does not mean a high level of intelligence or grades, a bright personality and social activity in itself can be a reason to give you money.

Some institutions specialize in first-year students, while others specialize in master's and doctoral degrees, in addition, a nationwide scholarship scheme is being developed, half of which will be paid by itself, and the other half by private investors.

German universities themselves will not only identify candidates for scholarships, but will also look for economic partners to pay the second part of this same scholarship, many scholarship funds target international students, the most important thing is to find funds and know their needs in advance, because the number of applicants for a scholarship in Germany exceeds the number of vacancies.

At the German level, only 3% of students receive a scholarship to fund studies in Germany, so it makes sense to prepare an alternative plan in case the fund fails, because the number of scholarship applicants in Germany exceeds the number of vacant seats.

Study in Germany in English

Bank Loans

The fact is that all cities already exist in Canada, courses that I want to have time for both part-time jobs have been scheduled, therefore, the advice given by German economists is important:

  • Do not be afraid of indebtedness.  
  • Banks in Germany offer particularly useful rates.
  • Few people remain unemployed after graduation and do not repay the loan in the near future.  
  • The main thing is to apply for membership.

What are the average monthly tuition costs in Germany?

A student in Germany needs about €800 per month on average, for rent, clothing, food, books, health insurance, and a mobile phone, this is a social statistical result conducted by the Student Services Foundation.

Are there university fees in Germany?

Since 2014, there are no costs to study at public universities in Germany.  

But there are semester fees that vary between universities (between 150 and 400 euros), and sometimes also include free use of public transport.

In other words, anyone who wants to study in Europe for almost free will find what they want in Germany.

However, the costs of renting housing, food and drink, as explained in the first question, can reach a noticeable amount.  

Those who want to save on expenses should take this into account from the very beginning, when choosing a place of study.

What are the possibilities of funding study in Germany?

In order to improve your monthly budget, you can definitely do small business in Germany, or get the chance to work as a student, there is another possibility to fund studies in Germany:

Scholarships, where international students can apply for scholarships for many organizations and institutions, such as the DAAD.  

Thirteen institutions supporting talented and talented people, charities and organizations close to economic sectors have also expanded support programs.

Even German universities also offer some scholarships.

Educational Consultative Centre Garantiefonds Hochschule

The Garantiefonds Hochschule Educational Advisory Centre supports young refugees, asylum seekers and late settlers in Spätaussiedler who wish to study at a German university.  

The scholarships for this organization are intended for young people who plan to take a course at Studienkolleg before university or German language course, the aim of which is to reach level C1 and pass the TestDaF or DSH tests.

The financial support covers tuition fees and living expenses, the scholarship received does not need to be returned, if you live in Germany and are under the age of 30, you can apply for this assistance.  

Note: The old rule that you can apply for this scholarship only within the first two years of your arrival in Germany is no longer valid.

Study in Germany for Egyptians

Financing studies in Germany with BaFöG government loan

Germany can also lend if your family is in the low-income category.  

BaFöG (Bundesausbildungsförderungsgesetz) offers a monthly payment of a maximum of 650 euros.

BaFöG consists of half-government funds and half an interest-free loan.

Unfortunately, the BaFöG application today can be submitted mainly by German citizens.

However, under certain circumstances, foreigners can also get BaFöG Whether you can apply for BaFöG in person, you should find out about it from the student council of your university.  

Scholarships in Germany

For almost all German scholarships, the rule is that the amount of the monthly payment should cover living expenses in the sense of life in general, not just rent, even if it seems to you that they are giving you a lot of money, you can be sure that the Germans have calculated everything.

You are unlikely to have anything left of the scholarship at the end of the month Furthermore, if you decide to work in parallel with your studies, you will need to inform your scholarship fund accordingly.

An amount equal to your monthly earnings will be deducted from your scholarship payments.

Many public and private institutions, universities, German federal provinces, regions and cities in Germany also offer scholarships to finance study in Germany for students, some of which are intended for refugees or asylum seekers in Germany .

This financial assistance typically covers semester fees, daily expenses, and potential tuition fees.  

Unfortunately, the scholarship received does not need to be returned, there is no complete database containing a list of all scholarship programs.

But on the DAAD website you will find a database of scholarships for international students, you can also find useful information on the MyStipendium or Stipendienlotse platforms.

Most scholarships are paid by special funds.An overview of this financial support can be found on the website of the Federal Confederation of German Companies (Bundesverband Deutscher Stiftungen).

After attending university, you can also get advice from Student Aid Society Studentenwerk or attend scholarship information events at your institution.

What are the conditions to be met in obtaining the scholarship?

When applying for a scholarship, good and outstanding performance is an important criterion, but it is not the only criterion:

Place of birth, special living conditions and specific areas of scientific research can also play an important role.  

The specific conditions for the scholarship vary between different programs and the institutions that provide support.

At DAAD Scholarship Data Bank you'll find a wide range of options for support programs, as well as information about requirements.

Begabtenförderung Gifted Students Scholarship

If you have an excellent academic record and are also actively involved in social life, you can apply for the Begabtenförderung Scholarship for particularly talented and outstanding students.

It is not necessary to return the financial support received.In Germany, scholarships are awarded by private organizations to promote talented Begabtenförderungswerk, which is funded by the Federal Ministry of Education and Research (BMBF).

Their activity varies in ideological, political or religious tendencies and therefore, they all have different priorities in the selection of candidates.  

For example, Avicenna-Studienwerk focuses on socially active Muslim students and doctoral students.

The Gifted Student Support Program is designed for all types of higher education, meaning that not only students can apply for a scholarship, but also doctoral students.

Funding studies in Germany with a national government grant

If you demonstrate outstanding academic achievement, you can apply for a Deutschlandsstipendium Government Scholarship worth €300 per month.

It is not necessary to return the financial support received, if you are actively engaged in social life, your chances of receiving a scholarship will increase.

Your background related to immigration, asylum application in Germany or political persecution will positively affect the outcome of the choice.  

However, not all universities in the state participate in this program, check with your school if you can get a government scholarship there, doctoral students cannot apply for it.  

  Bildungskreditprogramm Education, Education and Training Loan Program

Adult students can get a private loan for education and training in Germany.

Provided by the Federal Office of the Administration, this offer is not valid for new students.

You can also apply for a loan as an addition to your BaföG grant Unlike traditional loans, it doesn't matter your income here.

All adult students under the age of 36 who have permission to stay in Germany can apply for an internship loan.

If you have Duldung, you must also have lived in the country for at least four years to qualify for a loan Unlike the BaföG Scholarship, the student loan does not include any grants.

This means that you will have to pay the full amount plus interest, you will get a loan to finance your studies in Germany in monthly installments ranging from 100 to 300 euros.  

The maximum you can get is 7200 euros, it makes sense to take it only if you are sure that you will be able to return it in the future.

Repayment begins no later than four years after receipt of the first instalment, the application must be submitted to the German Federal Administrative Office.

Get a job

As a separate point, I would like to say that a student does not have to snoop on German scholarship funds, he can always earn a living on his own, because the average salary of a student in Germany is at least 10 euros per hour.

As you can see, there are enough ways in Germany to fund your studies, if you wish, it doesn't hurt to be a smart and wealthy German university student.  

How to save money to finance studying in Germany?

Students have several ways to save money in Germany as follows:

  • All universities of higher education in the country have dormitories for students, this is an inexpensive opportunity to get housing.
  • Since the number of rooms or apartments is limited, it is often necessary to apply in advance for a desired place.  
  • If you are a student and you are not yet 30 years old, you can use the student tariff in the compulsory health insurance scheme, in which case, the fees will be lower.
  • If you are over 30 years old, the reduced student average is only available in exceptional circumstances.
  • You should consult your health insurance fund regarding this matter.  
  • Many universities offer so-called "Semestertickets", the cost of which is usually already included in the semester fee.  
  • This ticket allows you to use free buses, subways, trains in your city, and often some trains in your area.
  • In general, students also get discounts on various cultural activities such as theater, cinema, etc.