KfW Student Loan Overview
The KfW Student Loan (KfW-Studienkredit) is a nationwide available educational loan offered by the Reconstruction Loan Corporation (KfW). It is aimed at students who need financial support for their training (Ausbildung).
Eligible Students
The KfW Student Loan (KfW-Studienkredit) is available to all adult students enrolled at a state or state-recognized university in Germany. The funding is independent of the income and assets of the students or their parents.
Loan Conditions
Students can receive between 100 and 650 euros per month. The maximum funding duration is 14 semesters. Repayment begins 6 to 23 months after the end of the disbursement phase. The interest rates are variable but can be fixed upon request.
Application Process
The application is submitted online via the KfW website. After the online application, the required documents must be submitted to a KfW distribution partner, such as banks or student services.
Repayment Terms
Repayment of the loan takes place in monthly installments. Early repayment is possible at any time without additional fees. The repayment phase can be individually adjusted to minimize the financial burden.
Advantages and Disadvantages
Advantages of the KfW Student Loan (KfW-Studienkredit) include flexible disbursement, income-independent approval, and the possibility of individual repayment adjustments. Disadvantages are the variable interest rates and the risk of long-term debt.