Tuesday, September 8, 2015

Financing their studies in Germany

Compared with other European countries, German demands only moderate to regular tuition at public universities. In most cases, the fees differ for each semester 300 € to 500 €. Thus you have your student card including free public transport. In contrast, living costs are slightly higher than the European average, especially in large cities such as Cologne, Munich and Hamburg.
Financing your studies in Germany
Do not leave blank financial plans

This article has been translated by machine. For the original version click here
Most students attend public universities. Tuition at public universities varies from state to state, but never exceed EUR 500 per semester (= 1/2 years). For most undergraduate and master many programs the tuition fees do not exist or are only up to 500 €. However, there are certain exceptions and non-consecutive Master programs where fees can be up to 1,000 euros per semester. Private universities tend to charge relatively high tuition too. These fees can range up to 6,000 euros per semester.

International students have to prove that they can finance their studies in Germany. Therefore they have to prove they have about 8,000 € at their disposal for a year of study.

Cost of living
The monthly cost of living generally varies between 600 € and 1,000 €. This includes rent (on average between 220 € and 360 € per month), food, mobility, clothing, insurance and fees. Depending on the type and degree program University tuition can be significantly higher.

Public Support
The German government supports students with BAföG program (up to 670 € a month). The purpose of BAföG is to provide training assistance for students who are unable to finance a training course that suits your talents and interests. Not only German but also students from member states of the EU / EEA may be eligible for training assistance if certain conditions are met. In general, applicants must live in Germany. There are also special regulations for citizens of EU / EEA and exceptions for other foreigners (permanent resident status for example), which entitles them to BAföG support.

The Deutschland stipendium Germany or scholarship provides financial support and no materials to students engaged and high-performance worldwide. Modeled after the principle of public-private partnerships, corporations, foundations or private sponsor’s young talent with a promise of € 150 per month. The Federal Government agrees with this amount to another € 150.

In Germany there are a lot of scholarships available (about 6,000) which allow native and foreign students studying in Germany. Scholarships are available for all students, not just indigent or make the students. Typical amounts provided for scholarships range from 100 to 500 € a month. Grants are provided by the state (eg Deutschland stipend businesses, foundations etc .

Financing their studies in Germany

Student Loans
There are also some banks that offer loans for special education and student loans with low interest rates to students.

There are also many different funds to promote education to students. Companies and institutions can support young talent for time studies there. The student return the loan over a certain number of years after the time at the University. Some of the funds have a system dependent on income revenge, so if you do not win anything after your studies do not have to pay anything. On the downside however, if you win you can pay back much more than initially received from the education fund.

Jobs for students

More than 60 percent of students in Germany work during his time at university or your summer vacation to finance their studies and life. For an amount of up to 450 € a month students in Germany do not pay taxes.



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