The KfW student loan offers an additional option of student finance. It is granted independently of your own income and assets and those of your parents.
The loan is awarded for undergraduate programes (Bachelor’s, Diplom, Magister, state examination) as a first or second degree, various postgraduate programes including Master’s degrees), and doctorates.
Before concluding such a loan, you should consult us in detail.
It is often possible to find more inexpensive alternatives (e.g. BAföG, Daka).
Applications can be submitted by adult students of the University of Duisburg-Essen, the Folkwang University of Arts and the Ruhr West University of Applied Sciences who are no older than 44 years before the start of funding and who are studying part-time, full-time or on the job and meet the following requirements:
- German citizen
- EU citizens who have lived in Germany for three years or whose family members are EU citizens (regardless of their nationality and the duration of their previous stay in Germany).
- “Bildungsinländer”, foreign nationals holding a German university entrance qualification.
The monthly payout amounts are between 100 and 650 €. The maximum duration of support for first and second degree courses is 14 semesters, according to age.
Always until 15.03. or 15.09. you can adjust the monthly payment amount to your current needs.
Since May 2020, a special regulation has been in force due to the corona pandemic*: In order to relieve the burden on students, the Federal Ministry of Education and Research will assume all interest incurred from 01.05.2020 to 31.03.2021. During these months students don't have to pay interest. Existing loans are automatically converted for this period. Afterwards, from 01.04.2021, the regular interest rate applies.
Conditions and further information:
The loan will be repaid in monthly instalments at the latest 23 months after the last payment. You must have completed the repayment within a maximum period of 25 years after the end of your subscription.
In financially difficult phases, you have the option of reducing the repayment amounts to a minimum of 20 € on 01.04. or 01.10. of each year - if the loan is nevertheless repaid in a maximum of 25 years.
If you have submitted the complete application with all documents by the 15th of a month, a processing period of approx. three weeks is to be expected. In the event of any queries, payment may be delayed.
Thu 10:00 am - 01:00 pm
Note: Due to the measures taken in connection with the Corona pandemic, we are currently not available as a distribution partner for initial applications.
We are currently only processing applications for further processing.