BAföG (Federal Education and
Training Assistance Act)
It entitles for a study loan to study in Germany. Non-Germans are
entitled if they fulfil certain criteria. Both Eu and non-EU residents are
entitles to receive (http://www.bafoeg-rechner.de/FAQ/paragraph/8.php). It is believed popularly that it is difficult to get this loan as a non-EU student
though. Also, one must be less than 30 years to receive this loan. The loan is
for those who have lived in Germany or plan to stay for longer duration in
Germany. The loan repayment must begin within 5 years, after the completion of
the study for which loan is received. Also, 50% of the amount is to be paid
back interest free. (More info: http://www.bafoeg-rechner.de/)
Apart from this finance help for Students can be issued from specific
banks, and student organisations. The information can be easily found at the
International office of the University.
