Taking out a loan for your studies: What’s in it for you?

Overview

Your financing options

Study loans are a popular option for students to cover the cost of their education. They usually run at a low interest rate, which makes them easier to pay off. In addition, many loans can be combined with other funding. You apply for them online. 

The KfW-Förderbank for example offers you a long-term student loan as well as a loan for the final phase (Bildungskredit) of your studies. You can also apply to Deutsche Bildung AG for student financing

  • KfW study loan

    - income-independent 

    - no collateral needed 

    - amount: up to 650€/month 

    - flexible payout and payoff rates 

    - 5,90% interest rate p.a. (until 01.04.23)

    Learn more

  • KfW Bildungskredit (final phase)

    - income-independent 

    - no collateral needed 

    - amount: 100, 200 or 300€/month 

    - one-time payment of partial sum possible 

    - 2,80 % annual interest rate (until 01.04.23)

    - Additional, supplementary or postgraduate studies (full-time only)

    Learn more

  • Deutsche Bildung AG

    - income-independent 

    - no collateral needed  

    - amount: up to 30.000€  

    - monthly or one-time payment  

    - payoff-rate depends on income 

    Learn more

Advantages

How your investment will pay off

Improve your salary prospects
A degree increases your chances for a higher salary, which will make your loan easier to pay off. 

Unleash your potential
A study loan gives you the freedom to develop professionally – or reinvent yourself. 

Upgrade your career prospects
You acquire skills that can advance your career and lead to more responsibility. 


Options

The KfW student loan

Which programmes are funded?

You can receive funding for any bachelor’s and master’s programme at IU International University of Applied Sciences – even as a part-time student. After completing your bachelor’s degree, you can receive further funding for your master’s programme. In addition, you can combine your student loan with a loan for the final phase of your studies or with state funding (BAföG). 

Who can receive funding?

You can apply if you are no older than 44 years old at the time funding starts. In addition, you should have German citizenship and be registered at a German address. Alternatively, you must be an EU-citizen and resident of Germany for the past three years. Or you are a foreign student, have acquired your university entrance qualification in Germany and are registered at a German address. 

How much will I receive? 

Depending on your needs, you can apply for monthly payouts between 100 € and 650 € (independent of your income or assets). You can change the amount within this range each semester. Depending on how many semesters you study, the maximum payout sum varies. 

From applying to paying it off: how the KfW student loan works

  • Step 1: Apply online & Receive payout

    Simply apply online and state your preferred date for the first payout. Hand in your proof of enrolment each semester to receive up to 650 € per month. 

  • Step 2: Grace period

    You can put off repayment for between 18 and 23 months (6 months on request). If you haven’t opted for deferral of interest, you only pay off the interest on your loan during this time. 

  • Step 3: Pay off loan

    Pay off your loan in monthly rates (repayment + interest) within up to 25 years or until age 67 at a rate of at least 20 €. 

Other funding options

KfW-Bildungskredit (final phase loan)
Deutsche Bildung AG
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Find out more about IU and your study programme in your personal brochure.

For free

Info brochure

  • Contents and specialisations of your programme
  • Career opportunities
  • Information on financing options