Expenses and financing your studies
It is important that you organize how you are going to fund your studies BEFORE you arrive in Germany, as proof of sufficient financial means is required upon application for a residence permit. (§ 5 Abs. 1 Nr. 1 AufenthG).
Scholarships: Generally universities do not offer scholarships. And: It’s not typical for an international student to receive full funding for their studies through scholarships in Germany. TIP: Before you come to Germany, check out the scholarship opportunities in your home country, and see if any of them can apply to your studies here.
Various financial aide options for students in Germany are outlined on the website of the DAAD (Deutscher Akademischer Austausch Dienst)
In order to ensure students’ financial subsistence during the course of their stay, the financial requirements for a residence permit are based on the current BAföG rates: currently 720 € per month or 8,640 € per year
The proof of financial means can be provided in the following ways:
- Certification from a German bank confirming an account balance of at least 8.640 € in a restricted-access account (“Sperrkonto”), from which no more than 1/12 of the balance may be withdrawn monthly.
- Deposit of an irrevocable bond above a minimum of 8.640 € at a German bank.
- Declaration of commitment from a person living in Germany according to § 68 AufenthG. This person must assume responsibility for the student’s subsistence during the entire course of their stay in Germany.
- Proof of receipt of a scholarship with a monetary total of at least 720 € per month.
Applicants may NOT state possible gainful employment alongside their studies as proof of financial means.
The information on this website is not legally binding.