BAföG (The Federal Training Assistance Act) is possibly the most common and most uncomplicated solution to financing your studies. Half of it is rewarded as a grant that does not have to be paid back, the other half as a non-interest binding state loan. The ceiling of loan indebtedness is at a maximum of 10,000 EUR. Usually, this portion of the grant has to be paid back five years after completing your studies.
Not all students get the same, though - the amount of BAföG is based on various factors - for example the parents' income. Even if the application process may be seen as a slight deterrent at first - it pays off to tackle the bureaucratic efforts. There is also the staff at the "Amt für Ausbildungsförderung " (Grant Office) who can assist and help you.
Amt für Ausbildungsförderung
BAföG-consultation at the AStA | Go to BAföG-consultation
The KfW-Förderbank (economic development bank) offers student loans which are meant to assure a livelihood during your first degree studies. Independent of your own income or your parents' income, a monthly sum, ranging from 100 to 650 Euros, can be paid out. You are entitled to apply for such a loan, if you are of legal age, a student from Germany and the EU, if you are registered at a state or state-approved university based in Germany, if you are not older than 30 years when applying for the loan, and if you do not have a professionally qualifying university degree. The Bachelor's Degree (first degree) is not considered a professionally qualifying degree.
Normally, the amount is paid out for a period of up to 10 semesters. Repayment starts 6 to 23 months after the completion of your studies und should be settled within 25 years. Different from BAföG, you have to pay interest.
T +49.241.8093 196
F +49.241.8093 151
With the help of the education loan programme, students who are at an advanced stage of their education are offered a loan that is both limited in time and has reduced rates of interest. It is possible to get a monthly sum of 300 Euros within a time frame of 24 months maximum, even if you already get BAföG. Your income or your parents' income is of no importance for the education loan.
Bildungskredit (Education Loan) Hotline
T +49.1888.358 4492
F +49.1888.358 4850
Abt. IV Bildungskredit
The "Studierendenwerke" in North-Rhine Westphalia maintain their own loan office (Darlehenskasse, DAKA). DAKA is a non-profit institution. However, they provide loans in the final and exam stages of your studies only.
T +49.241.8093 196
F +49.241.8093 151
Within the framework of the federal programme "Deutschlandstipendium", the FH Aachen awards scholarships to students whose personal background so far gives reason to expect exceptionally good study achievements. The high-achieving scholarship recipients get 300 Euros a month. This applies to all fields of study. One half of the scholarship is contributed by business enterprises, mostly regional companies, the second half is paid for by the Federal Government.
An above-average performance at school and at the FH Aachen are a prerequisite, as is an interest in the sponsoring company. You can apply via an online applications tool, usually in July every year. | Go to Scholarships
Dipl.Kff. Judith Bauer
T +49.241.6009 51086
There is also support for students who want to complete a part of their studies abroad or who are interested in a practical training period abroad.
Akademisches Auslandsamt Aachen (Department of International Affairs)
T +49.241.6009 51018/52839/51019
F +49.241.6009 51089
An overview of the vast number of support opportunities and foundations is offered by the "Scholarship Guide" (Stipendienlotse) of the Federal Ministry of Education and Research at www.stipendienlotse.de. On www.mystipendium.de interested parties can create an extensive profile which helps finding the suitable foundation. Information on the subject of scholarships is made available by the "Studentenwerk Aachen" at www.studentenwerk-aachen.de/finanzen/spartipps/stipendien/start.asp