Student Loans for Studying Abroad 2

Student Loans for Studying Abroad Part 2

Europe

Sparkasse Herford Student Loan

Deutsche Apotheker- und Ärztebank: apoStudienKredit

The apoStudienKredit is the only offer from a bank in Germany that is aimed exclusively at students in certain fields. The Deutsche Apotheker- und Ärztebank offers the loan both in combination with a KfW student loan and independently of it.

Possible type of study

  • Studies / doctorate in the fields of medicine (human, dentistry, veterinary medicine and pharmacy)
  • Further training to become a psychological psychotherapist
  • Semester abroad possible; no full course abroad
  • A change of subject and university within the medical degree programs is possible

requirements

  • Citizenship of an EU country, Norway, Switzerland or Turkey
  • Maximum 35 years old; Doctoral students may not be more than 40 years old
  • Certificate of enrollment and self-assessment

Payout

  • Combination with KfW student loan: max. 10,000 euros until the end of your studies; without KfW student loan: max.15,000 euros
  • The payout is flexible

repayment

  • The repayment can be arranged individually and flexibly, but must be completed within 15 years
  • The interest rate is variable and is currently 3.99%
  • Special repayments are possible at any time

apoStudienKredit

Education fund at a glance

Education funds differ from student loans in terms of provider, target group and modalities. Instead of banks and credit institutions, it is primarily companies, professional associations and private donors who invest in the training of selected students.

In the case of funds, the repayment is usually linked as a percentage to the salary earned after graduation. Unfortunately, this is why education funds mainly support students in specific subject areas. The focus here is on the MINT subjects as well as law and economics, as the career prospects here are very good and the graduates usually later earn high salaries.

Brain Capital: LL.M. Education Fund

Possible type of study

  • LL.M. courses in Germany and abroad
  • A full study abroad is possible
  • Change of university is possible

requirements

  • Only for EU citizens or for non-EU citizens who have passed their 1st state examination in Germany
  • No age limit
  • Certificate of enrollment from a law school, letter of motivation and selection interview

Payout

  • Maximum payout amount: 50,000 euros ; Can be paid out flexibly over the standard period of study plus 4 semesters
  • Coaching programs during your studies

repayment

  • Individual and income-dependent after completing your studies from a certain minimum income (30,000 euros / year gross)
  • 7.5% to 8.5% of the salary at LL.M. after 1st state examination; 6% to 7% of the salary at LL.M. after the 2nd state examination
  • Maximum repayment period: 10 years

LL.M. education fund

Brain Capital: MBA Education Fund

Possible type of study

  • MBA courses in Germany and abroad
  • A full study abroad is possible
  • The duration can be extended for a semester abroad

requirements

  • No age limit
  • EU citizens; Non-EU citizens must have a very good knowledge of German and have an EU work permit
  • Certificate of enrollment, letter of motivation and selection interview

Payout

  • Maximum payout amount: 50,000 euros ; Can be paid out flexibly over the standard period of study plus 4 semesters
  • Coaching programs during your studies

repayment

  • Individual and income-dependent after completing your studies from a certain minimum income (30,000 euros / year gross)
  • 4% to 8% of income
  • Maximum repayment period: 10 years

MBA education fund

CareerConcept: Education fund for socially responsible student financing

Possible type of study

  • Gradual and post-graduate studies, further education, doctorate, habilitation, post-doc; Students in MINT subjects as well as law and economics are generally preferred
  • Stays abroad and full study abroad are possible

requirements

  • No age limit
  • EU citizens; for non-EU citizens only with a guarantee
  • Multi-stage application process with letter of motivation, selection interview and assessment center
  • Enrollment certificate, Schufa information, performance records

Payout

  • Monthly payment amount: 1,000 plus special expenses and tuition fees; Maximum payment amount for the standard period of study plus 1 semester: 40,000 euros
  • An increase in the monthly payment amount is possible for stays abroad or for a full course of study
  • Coaching during your studies

repayment

  • Interest rate: Depending on income: for 4 to 8 years between 2 and 10% based on gross income
  • Repayment from a minimum income from a gross income of around 2,500 euros / month
  • In the case of long-term unemployment, the repayment obligation does not apply

CareerConcept education fund

Festo / CareerConcept: Festo Education Fund

Possible type of study

  • First degree, further education, doctorate in courses of study in the MINT subjects (mathematics, computer science, natural sciences, technology) as well as related areas and combined courses
  • Semesters abroad and full study abroad are possible

requirements

  • No age limit
  • EU citizens; for non-EU citizens only with a guarantee
  • Multi-stage application process with letter of motivation, selection interview and assessment center
  • Enrollment certificate, Schufa information, performance records

Payout

  • A maximum of 40,000 euros
  • 800 euros / month for first degree; for part-time studies or doctorates up to 2,500 euros plus tuition fees
  • If you study abroad, the payout can be increased
  • One-time special payments are possible
  • Duration: individual

repayment

  • Depending on income: for 4 to 8 years a maximum of 10% of gross income
  • Repayment is only made from an individually determined minimum income

Student Loans for Studying Abroad 2