Student Credit

In addition to student loans, stipends or KfW student credit, banks offer various types of student credit. The long-term loans can help students finance their entire education.

Before students take out a bank loan, Studierendenwerk checks if students are eligible for BAföG and advise students about the different types of credit.

The KfW Student Credit

Since 2006, Student Services has been in partnership with KfW- Bank group. The partnership offers students advice about credit conditions and applications.

The KfW student credit eases living costs of initial student studies and is considered independently from parental income and your own income. Students can receive this in addition to BAföG.

The application is only available online. Please bring a completed unsigned application form along with valid student identification, matriculation certificate and a bankcard to Student Services. Student Services will check the application and notarise your signature.

Conditions

The amount is between 100 and 650 Euros per month
Students can receive the credit for 14 semesters
The interest rate is the same for all applicants
Parental income is not relevant
Security is not needed
The loan must be paid off within twenty-five years

Eligible Students

Students studying at a state approved German educational institution within Germany
German citizens no older than forty-four and have not completed a previous professional studies programme.
Students in their first bachelor programme or in an immediately following masters programme.Foreigners with government approval to study in Germany (special certificate)
European union citizens who have lived in Germany for three years.