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If you are not entitled to BAföG, you can also finance your studies with a student loan or a bank loan. In this case, we strongly recommend a visit to our social counseling service, as many of the products on the market are complicated and, in the worst case, can quickly become expensive.
You can also get a good overview with the student credit test from Centrum für Hochschulforschung (CHE) . It compared 29 student loans and education funds across Germany and assessed the advantages and disadvantages of the offers.
The KfW-Studienkredit is a special feature among the loans. This differs from the classic installment credit in many ways. Similar to BAföG, payments are made in smaller monthly amounts and not in a single, large payment. In contrast to conventional loans, repayment does not begin immediately, but only a few months after the last installment has been paid out.
The offer of the Kreditanstalt für Wiederaufbau (KfW) is aimed at full-time students who are studying at a state or state-recognized university in Germany. The loan commitments are made regardless of the subject no matter the income and assets of the students and their parents. Collaterals also do not have to be provided.
The KfW student loan is particularly suitable if you have only a few semesters to go before completing your studies and, for example if you are no longer entitled to BAföG.
Your BAföG Office will advise you on the KfW student loan and apply for it for you.