Study in German Universities on Loan, Masters and PH.D.

Study in German Universities. Germany offers some of the best conditions to pursue a degree and enjoy an authentic German experience. Living in Germany as an international student comes at a very lower cost. However, living in a foreign country while being far away from home means you must possess perfect skills in financial management.

The cost of Post-Graduate studies in addition to the enrollment and confirmation fees. Fortunately and interestingly, there are a high number of loans for Masters and Ph.D. studies in Germany.

German universities are budget-friendly in comparison with other schools outside of Europe, which has made them an ideal destination for international students, Germany offers some of the best conditions to get a degree while enjoying an amazing experience.

Study in German Universities (Applying for a Loan)

There are various governmental-funded and non-governmental funded student Grant resources, created to help students finance their studies in Germany by offering loans often with zero or very low rates of interest. Moreover, many German universities have established their own student loan schemes to support foreign students.

Note that you can’t rely only on student loans since the amount you can get from a loan scheme is limited and not enough to cover all expenses. As such, a student loan can only come as a complementary fund to your financial resources for financing studies in Germany.

Below are some resources where you can get student loan to finance your studies.


Duration: monthly.

Value: 300€ / monthly

Repayment plan: Four years after the first payment of the loan.

This is a merit-based program, requiring academic excellence and in addition, evidence of social commitment and personal achievements, such as overcoming challenges in his or her life or obstacles caused by family or social background. There is a flat payment of 300 € a month, provided on a 50/50 basis by the state and private businesses.

2.Federal Education and Training Assistance Act (BAFÖG)

Value: £300/month.

Duration: 24 monthly.

Repayment: Four years after the first payment of the loan.

BAFÖG established its foundation in 1971, over four million people have benefited from their services. Their mission is to give opportunities to talented students to get an education despite the lack of proper financial funds to achieve this.


Duration: 24 months.

Value:7200 €/month.

Repayment: Four years after the first payment of the loan.

This type of student loan carries a low-interest rate and is not a need-based platform, hence everyone has access to it. It is another fund that is granted by the German government in association with a private banking group. In contrast to BAFÖG, Bildungskredit is awarded to individuals who are at higher stages of their education and need a loan to carry on.