KfW Student Loan Open
The KfW Student Loan offers students and doctoral candidates in Germany income and asset-independent financing for living costs. It enables monthly disbursements without the need for collateral, distinguishing it from other forms of financing. The program aims to minimize financial hurdles during studies and support a successful graduation.
Who is funded?
The KfW Student Loan is aimed at adult students and doctoral candidates who are enrolled at a state or state-recognized higher education institution in Germany and need to finance their living costs. The funding is independent of income and assets, but is subject to an age limit.
What is funded?
The KfW Student Loan funds undergraduate and postgraduate study programs as well as doctorates at state or state-recognized higher education institutions in Germany, including semesters abroad. The loan is exclusively for financing living costs.
Type and Scope of Funding
The KfW Student Loan is provided as a loan that allows monthly disbursements from 100 to 650 EUR. The maximum funding duration varies depending on age and type of study, with a subsequent grace and repayment period of up to 25 years. The interest rate is variable, but can be converted to a fixed rate during the repayment phase.
Conditions and Requirements
The KfW Student Loan is subject to certain conditions, including age limits and proof of enrollment. The flexible interest rate design allows for adjustment to capital market developments, with the option of a fixed interest rate agreement in the repayment phase. Combination with other funding programs is possible, but only one KfW Student Loan can exist at a time.
Application Procedure
The application for the KfW Student Loan is submitted online via a KfW sales partner. After digital submission of documents, the loan application is reviewed and decided by KfW. For ongoing funding, study certificates and, if applicable, proof of academic performance must be submitted regularly.
Legal Basis
The KfW Student Loan is based on the guidelines and fact sheets of the Kreditanstalt für Wiederaufbau (KfW), which serve as the primary legal basis for this funding program. These documents define the prerequisites, funding objectives, and the process of the loan.
Funding Overview
Maximum Amount:
54,600 EUR
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Germany
Sectors:
Education and Vocational Training, Research and Development
Beneficiaries:
Students
Funding Stages:
Basic Research, Applied Research, Other
Funding Provider
Program Level: National
Funding Body: KfW (Reconstruction Credit Institute)
Managed By: KfW (Reconstruction Credit Institute)
Additional Partners: KfW Sales Partners
Website: KfW Bankengruppe