The Ministry of Education provides financial assistance for students who are in financial difficulty due to the Corona pandemic. This aid is guaranteed by the long-standing KfW student loan, which students can already apply for from SWFR.
You do not yet have a KfW student loan:
From 8 May onwards, students in Germany can receive the KfW student loan temporarily at an interest rate of 0%.
New from 1.06.2020: Also for all foreign students
You already have a KfW student loan:
From 01.05.2020, 0% interest applies to your disbursements
The bridging loan can be applied for in the form of the interest-free loan in the start-up phase from 8 May 2020 at the KfW. Foreign students can apply from 1 June 2020. Further information: www.kfw.de/studienkredit-coronahilfe.
If you have any questions, our financial advisors Elke Martin, Annika Tsalkatis and Anita Hegi will help you (see info box on the right).
In addition to student loans or stipends, 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, the Studierendenwerk checks if students are eligible for BAföG or advises students about other types of credit.
In the following you find two options for student credits:
The Federal Government offers the least expensive financial aid options. The education loan is offered by the Federal Government and promotes both school and academic education.
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 a valid student identification, a matriculation certificate and a bankcard to Student Services. Student Services will check the application and confirm your signature.