Monday, 3 February 2014

Note on Study loans

BAföG (Federal Education and Training Assistance Act)

It entitles for a study loan to study in Germany. Non-Germans are entitled if they fulfil certain criteria. Both Eu and non-EU residents are entitles to receive (http://www.bafoeg-rechner.de/FAQ/paragraph/8.php). It is believed popularly that it is difficult to get this loan as a non-EU student though. Also, one must be less than 30 years to receive this loan. The loan is for those who have lived in Germany or plan to stay for longer duration in Germany. The loan repayment must begin within 5 years, after the completion of the study for which loan is received. Also, 50% of the amount is to be paid back interest free. (More info: http://www.bafoeg-rechner.de/)

Apart from this finance help for Students can be issued from specific banks, and student organisations. The information can be easily found at the International office of the University.
 

1 comment:

  1. Thank you for sharing such great information. It has help me in finding out more detail about Education Loan For Study Abroad!

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