Betty Hue and fellow KLU students, Master in Management


Loans

BAföG financial aid (Bundesausbildungsförderungsgesetz)

  • What is BAföG? BAföG is German federal financial aid. Half of the amount is paid as an interest-free loan, and the other half is a subsidy.
  • Interest-free
  • Application: Written application available online or from the KLU Office for Financial Support

BAföG bank loan (BAföG Bankdarlehen)

  • This loan finances the living expenses of students after they interrupt their studies or change subjects to support them in the final phase of their studies or to support further studies.
  • Interest applicable
  • Application:  Written application available online or from the KLU Office for Financial Support

Education loan (Bildungskredit)

  • This loan finances student living expenses during the program’s final semesters to pay for extra costs such as a semester abroad, internships, special working materials or an excursion.
  • Interest applicable
  • Application: Written application to the German Federal Administration Office (via mail: Bundesverwaltungsamt, 50728 Köln) or through the online loan portal.

KfW student loan (KfW-Studienkredit)

  • Applicants must be under 30 years of age.
  • Interest applicable
  • Application: Written application to KfW through the online loan portal.

These loan plans are available to German 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.

Our programs are ranked and accredited by:Logo bar FIBAA, ASIIN, CHE, Erasmus