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Source: BUS Sachsen-Anhalt (Linie6PLus)

Apply for an educational loan

Description

If you need financial support for your education, you can apply for an educational loan.

The educational credit supports you in financing your school education or your studies. The loan is temporary and particularly low in interest rates.
Your income and assets, or that of your parents or spouse, are in principle irrelevant to the granting of the educational credit. You are not required to provide collateral. However, you do not have a legal right to the educational credit.

Funding level and duration

The educational loan can be granted as a loan of up to EUR 7,200. The maximum funding period is 24 months.

For a degree, the loan can only be granted to you until the end of the 12th semester. After the end of the 12th university semester, you must prove at the time of application that you are admitted to the final examination and can complete the training within the possible funding period (24 months).

For school education, an educational credit can only be granted in the last 24 months of the training. In addition, you must complete your training with a vocational qualification or have previously obtained a vocational qualification. The training must be eligible under the BAföG.

Study abroad

Even if you are studying at a foreign university, you can get an educational loan. The foreign educational institution must be recognised as equivalent.

Payment and repayment

The KfW banking group pays you the educational loan in monthly instalments of EUR 100.00, 200.00 or 300.00 each. You cannot change the amount of the rate you requested during the requested payment period. However, you can receive a down payment if you claim appropriate requirements, such as expensive work materials. The down payment can be up to EUR 3,600 if a total of 24 monthly instalments and EUR 7,200 are not exceeded.

The repayment begins 4 years after the due date of the first payout. The repayment is made in monthly instalments of EUR 120.00.

You can repay all or part of the loan at any time without incurting any additional costs or fees.

Interest

Interest is payable for the term. The interest rate is variable and depends on the 6-month EURIBOR (European Interbank Offered Rate). It is fixed for six months on 1 April and 1 October. The nominal interest rate includes an administrative cost surcharge of one percent per annum.

Note: Foreign students must also meet additional requirements.

You can apply for an educational loan online or in writing at the Federal Administration Office

  • Go to the website of the Federal Administration Office and click on "Online Application"
  • You will receive an online ID after the application has been submitted.
  • Compile the necessary documents for your application and submit them within 14 days by post or scanned by e-mail to the Federal Administration Office, stating the online ID.
  • After examining the application, you will receive a written notification. In the event of a positive decision, the BVA will send you a contract offer from KfW together with the decision.
  • KfW is responsible for the conclusion of the credit agreement, the payment of the instalments and also the recovery.
Online application for the educational credit on the website of the Federal Administration Office

Federal Administration Office
50728 Cologne

Email: bildungskredit@bva.bund.de
Fax: 022899 358-4850
Phone: 022899 358-4492 or 0221 758-4492

Phone times:

Monday - Thursday: 10.30 a.m. - 12.00 p.m. and 1.30 p.m. - 2.30 p.m.
Friday: 10.30 a.m. - 12.00 p.m.

Website of the Federal Administration Office
  • The educational credit is granted to full-time schoolers up to the age of 36.
  • Only training courses at institutions that are recognised under the Federal Training Promotion Act (BAföG) are supported.

Students

As a student, you can obtain an educational loan if you

  • a bachelor's, master's or a degree with a master's degree in state examination or diploma full-time,
  • continue to pursue an additional, supplementary or postgraduate course and already have the completion of a basic course of study,
  • complete a semester abroad or a foreign internship (also outside Europe) as part of your studies, or
  • in the case of studying abroad, attend a higher education institution equivalent to a national one,
  • have passed the intermediate examination in the case of a basic course of study (such as a bachelor's degree) (if your study regulations do not provide for an intermediate examination, you must have performed the usual performance of the first two years of study – for students in bachelor's programmes of the first academic year).

Pupils

As a student, you can obtain an educational credit if you

  • conduct full-time training in a training establishment eligible under the BAföG,
  • have a vocational qualification or achieve a vocational qualification with the training to be promoted, and
  • in the penultimate or last year of training.
  • Copy of identity card
  • for students:
    • current certificate of the school of the beginning, end and goal of the training
    • if applicable, certificate of traineeship
  • for students:
    • current enrolment certificate with proof of the completed university/study semester and semester
    • where applicable: intermediate examination certificate or written declaration by your university that no intermediate examination is provided for in your course of study and that the usual performance of the first two years of training, in the case of a bachelor's degree programme in the first academic year, or an "interim examination form" completed by the university,
    • Proof of additional, supplementary or postgraduate studies and a certificate of completion of a basic course of study
    • Proof of the duration of the internship and of the connection with the visit to the training centre (in the case of an internship abroad with German translation of the proof)
    • Proof that the services provided abroad can be credited
    • in the case of a grant beyond the 12th semester, proof that you are admitted to the final examination (final examination form)
  • in the case of foreign nationals, in addition to
    • Copy of passport (personal data and residence status if applicable)
    • Proof of residence permit
    • current registration certificate
    • and, where applicable, the form on residence status completed by the competent immigration office
    • with a German spouse: copy of the marriage certificate
    • with a German parent: copy of the birth certificate
Interim inspection form of the Federal Administration Office (PDF; 23.8 KB; 1 page)Final audit form of the Federal Administration Office (PDF; 11.0 KB; 1 page)Final examination form "Legal Sciences" of the Federal Administration Office (PDF; 12.0 KB; 1 page)Form of the Federal Administration Office on residence status (PDF; 18.8 KB; 1 page)

Submission of the required documents: within 14 days within the indication of the online ID

The processing time depends on the amount of applications

Forms: no
Online procedure possible: yes
Written form required: yes
Personal appearance necessary: no

Online application for the educational credit on the website of the Federal Administration Office

The text was automatically translated based on the German content.

The text was automatically translated based on the German content.

Federal Administration Office

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