State-guaranteed student loan
The state-guaranteed education loan
- Service includedState-guaranteed higher education loan
- Service includedan advance of EUR 2.500 at 0% while waiting for your state-guaranteed student loan*
This simulation is provided for information purposes only, and does not commit Spuerkeess in any way. For a concrete proposal, please submit your application to the Financial Aid Department.
Basic grant
|
1.199,00
€
|
Mobility grant
|
0,00
€
|
Social grant
|
2.321,00
€
|
Family grant
|
0,00
€
|
Total semester grants
|
3.520,00
€
|
Basic loan
|
3.250,00
€
|
Additional loan
|
|
For social grant
|
0,00
€
|
For income above the minimum social wage
|
0,00
€
|
Total semester student loan
|
3.250,00
€
|
For grant
|
0,00
€
|
For loan
|
0,00
€
|
Half-yearly interest (on 30 June and 31 December each year) is accumulated and in principle deducted from any newly granted instalment disbursed.
Example: The student has a state-guaranteed student loan totalling EUR 20.000 and receives a new letter of approval for a further EUR 1.500 instalment for the following academic year. When this new instalment is paid, the accrued interest over the previous half-year (EUR 200 over 6 months, with the maximum rate payable by the customer of 2%) is deducted by default from the amount granted by the State. The balance (the difference between the instalment granted and the accrued interest) is paid into his current account, i.e. EUR 1.500 - 200 = EUR 1.300.