Study financing

All information and suggestions about the topic study financing can be found here.

Finance your studies

There are various ways to finance your studies. We present various financing options on this site. The Information leaflet 'Studying, can I afford that?' shows, what costs students will have to face and it describes the here mentioned options to finance your studies:

 

Scholarships

There are various scholarships. Many are unheard of. The student union Frankfurt/Main listed a number of organizations that offer scholarships under

 www.studentenwerkfrankfurt.de.

 

  1. Scholarships are only for gifted, dedicated or people in need. That is incorrect! The selection criteria are manifold.
    They may depend on the choice of your degree course, on the profession of your parents or your place of birth.
     
  2. There are only a few scholarship providers. Incorrect! There are more than 2,000 scholarship providers. Roughly every fifth company does not find fitting scholars.
     
  3. Scholarships are only for students beginning their studies. This is also incorrect! There are numerous scholarships for advanced semesters! You can additionally receive a scholarship for your thesis, a semester abroad or internships in a different company.
     
  4. A lot of students apply for scholarships. This is incorrect! More than 2/3 of the students have never applied for a scholarship! Take your chance now.
     
  5. Applying for a scholarship takes a long time. This is incorrect as well. You can find out in minutes on myStipendium.de about which scholarship matches your CV. Often all you require is your CV and a letter of motivation.

Source: http://www.mystipendium.de

The national scholarship program shall provide 160,000 students with a monthly amount of 300 Euro in the upgrade level.
The respective scholarship law (StipG) was agreed upon on July 21, 2010 and came into effect on August 01, 2010.
Scholarships are provided to support gifted students, who are expected to achieve or who have already achived outstanding achievements in the degree course or profession (in accordance with the StipG).

Institutions of higher education give scholarships upon application and after a selection process.
Selection criteria are talent and achievements. Next to the achievements up to this point and the personal development until now, also social engagement, the willingness to take on responsibility, or special social, family or personal circumstances which for instance evolved due the family background or a migration background.
The scholarship is usually 300 Euro a month. The scholarships are financed through public funds (federal payments) and private funds.

At least 150 Euro must be available from private funds, so that the top-up from public funds can take place.

The institution of higher education also decides about the duration of the scholarship. The shortest period of approval is 2 semesters (target recommendation). For the duration it is referred to the duration of the regular period of study; there is a link to the enrollment status at the deciding institution of higher education. The StipG does not have clear definitions of undefined legal terms at the decisive parts. It transfers all necessary regulations for the process of all proceedings of the regulation competence of the Federal Republic of Germany by legislative decree:

1. Details on the application and selection procedures and the measures on fitness and performance review in accordance with § 2,
2. details on the selection criteria in accordance with § 3,
3. details on the data reconciliation in accordance with § 4 section 2,
4. the payment method,
5. details on the approval period, the support period and the maximum of support in accordance with § 6,
6. details on the obligation to cooperate in accordance with § 10,
7. details on finding the funds and the step-by-step achieving of the maximum in accordance with § 11 section 4,
8. details on the tasks and about the constellation of the advisory board in accordance with § 12,

  1. The provision of central information and counseling,
  2. details on the collection characteristics and about the for the statistics in accordance with §13.

Press releases stated that scholarships are expected to be given out as of 2012:

  • the BMBF only offered scholarships for approximately 5,500 to 6,000 students Germany-wide in 2011.
  • the StipG must be changed particularly in § 11 and be approved by the Federal Advisory Board.

The German Scholarship Law (StipG) can be found here.

As soon as the Frankfurt University of Applied Sciences has any further information on the application, about the proceedings, it will be published here.

The scholarship portal myStipendium.de helps pupils, students and doctoral candidates in their search for scholarships free of charge. For the first time ever, only the relevant scholarships and foreign scholarships that match the CV of a user are displayed with help of a matching process, which chooses from a database consisting of more than 2,300 scholarships with a total value of 610 million Euro. The portal includes a large scope of scholarships including scholarships that finance the cost of living, financial support abroad and financial support for scientific work. Furthermore, the platform has numerous articles about the topic scholarship application and templates for your own scholarship application and scholarship guidelines in German.

 

Scholarship program Junge-Helden-Stipendium

Scholarship program Dream NEW

Scholarship program Gute Laune-Stipendium

Scholarship program Schwächen-Stipendium

Scholarship program Wegweiser-Stipendium

Scholarship program Schlechte Noten-Stipendium

The Federal Ministry for Education and Research (Bundesministerium für Bildung und Forschung BMBF) offers an interactive platform with Stipendienlotsen , in order to find appropriate scholarships based on your desired criteria. The comprehensive scholarship database can be filtered in accordance with various education phases, study subjects or target regions. This platform (Stipendienlotse) is a central point of contact for federal and international scholarship in the private and public sector.

 

The foundation Polytechnische Gesellschaft Frankfurt/Main supports young human beings with outstanding scientific or artistic skills and a great personality potential during the training at the research site Frankfurt/Main. The MainCampus-Stipendiatenwerk has an interdisciplinary orientation. The main focus is on sciences.

 

The page of the initiative ArbeiterKind.de, has the goal to increase the number of non-academic children at institutions of higher education and thereby supporting them on their path to a successful completion of studies. The website provides an overview on 13 large institutions sponsoring the intellecutally gifted and further information on the application to receive a scholarship.

 

The #ichmachwasanderes (meaning: #Iamdoingsomethingdifferent) scholarship for students does not meet the classical elite definition. It is for students who do not have a straight CV and who do not meet classical patterns. Good grades, short duration of studies and alike criteria do not need to be met for this scholarship. This full scholarship of a value of 9,900 Euro for a semester abroad at the Capilano University in Canada incl. flight, room and board.

 

Federal Education and Training Assistance Act (BAföG)

Federal Education and Training Assistance Act (BAföG)

The Studentenwerk Frankfurt/Main promotes studies in accordance with the Federal Education and Training Assistance Act (BAföG). There is a recommendable information sheet informing on guidelines and calculation basis available at the Studentenwerk. Please find more information at  www.studentenwerkfrankfurt.de

 

KfW student loan

The KfW Banking Group grants student loans as an institution under public law of which 80% is provided by the Federal Government of Germany and 20% by the Federal States. Find more information at www.kfw-foerderbank.de.

 

Consultation offers for study financing

Finance consultation by the Studentenwerk
BAföG consultation by the Studentenwerk
BAföG consultation by the General Students' Committee AStA
Information for students with a foreign higher education entrance qualification

Website editorial teamID: 3614
last updated on: 07.29.2019