Financing Options

Brain Capital financing

Brain Capital financing is an innovative way to pay for your studies at KLU. In this plan, the KLU tuition fund may carry up to 100% of the cost of tuition for the program. You can pursue your degree without having to pay tuition that exceeds your financial resources. In return, you will commit yourself to make income-dependent payments after graduation. Please indicate your interest in this financing plan during the admission process.

You can only apply to the financing plan once KLU has accepted you into a degree program. A positive decision on the application depends on various factors. In any case, the number of applications received and a regional quota is considered. Indicate the amount you need to cover the all or part of your tuition, but keep in mind that the plan may not fully cover your tuition. 

For in-depth questions about how Brain Capital financing works, contact Mr. Gordon.Kirstaetter@braincapital.de.

Brain Capital Application Form

How does Brain Capital Financing work?

  • Freedome: You are free in your career and family planning, because the repayment starts only if you have a minimum income of 30.000 EUR (15.000 for non OECD countries).
  • Flexibility: The repayment attunes to your career - who earns less pays back less. Those who earn more pay back more.
  • Safety: If in any year your income falls below a level of EUR 30.000, the loan is deferred for that year (EUR 15.000 for non OECD countries).
  • Solidarity: KLU graduates who are working support their successors who are still at university.

Scholarships

DAAD Scholarship Database

The DAAD's extensive scholarship database for foreign students, graduates, and academics offers you a wide range of tips and information on successfully applying for a scholarship for a degree program or research assignment in Germany. You can filter your search by country of origin, subject, and your current status.

Other scholarship databases

 

Gifted Education Scholarships

The Federal Ministry of Education and Research (BMBF) supports 13 institutions for gifted education that give scholarships to young people whose talent and personality indicate that they will be outstanding at university and in their professions, and take on social responsibility as well.

Loans

The German federal government and KFW banking group, a German government-owned development bank, offer the following loan to Germans and EU citizens. Non-EU candidates are eligible only if they have a certificate of graduation from a German secondary school and permanent resident status in Germany.

Federal Training Assistance Act (BAföG) 

German federal government loan program: The loan program provides you with state funding to pursue education and training. You receive 50 percent of BAföG aid as a state grant and 50 percent as an interest-free loan. Your eligibility is dependent on your parent’s income. Read more about the Federal Training Assistance Act (in German).

KfW Student Loan (KWF Studienkredit)

KfW banking group loan program: The KfW student loan supports you with €100 - €650 per month while you pursue your degree. It does not require collateral and is not based on income or assets. Read more about the KFW student loan.

Education loan (Bildungskredit)

German federal government in conjunction with KfW banking group loan program: The education loan supports you with monthly installments of up to €300 for a maximum of 2 years (maximum loan amount €7,200). Read more about the education loan.

Tax savings

In Germany, tuition can be claimed on tax returns and the tax savings can be used to partially finance students’ degrees.

All master’s degree students can claim all the costs of their degree program as anticipated income-related expenses before graduating and after completing their vocational training, and carry them forward over their time enrolled as cumulative losses – assuming they had no or very little income in that time. Loss carry-forwards make this possible: the losses that students incur because they are studying are offset from their incomes after graduation in subsequent years. This reduces the income for which taxes are due. The costs associated with the semester abroad and tuition are deductible.

It is only possible to take advantage of loss carry-forward if the degree program is a second degree (master’s degree after the bachelor’s or a bachelor’s degree after an apprenticeship). The costs of first degrees can be deducted as a special expense up to a limit of €6,000. Study-related expenses only have an effect in the same year and only result in tax benefits for people whose incomes are high enough that they actually pay income tax in Germany. The Federal Constitutional Court is reviewing the regulation regarding the costs of the first degree. For this reason, students should always claim their study-related expenses as income-related expenses on their income tax returns.

If students participate in the brain capital plan and defer payment of tuition fees, the fees can be deducted as soon as payment is initiated (outflow principle). 

*non-committal statement as KLU is not allowed to act as a tax advisor.