The educational loan is independent of any existing German State Funding funding: it can therefore be granted in addition to a German State Funding loan. In vocational training, there are many trainees who want to take out a loan. Both the own assets and the income of the parents or spouse are taken into account. A private student loan for a carefree education. Easy funding for students and apprentices with a private education loan.
Educational loans for trainees and students
The education loan is the chance of a state-subsidized, low-interest offer to support students, trainees and full-time trainees. The educational loan is independent of an existing German State Funding grant. It can therefore be awarded in addition to a German State Funding loan. In contrast to the German State Funding loan, the educational loan is independent of the income and assets of the children and adolescents to be supported.
For whom can a student loan be applied for? As a rule, only those training courses / studies that are within the meaning of the Federal Law on Vocational Training (German State Funding) can be supported: in other words, colleges, vocational schools (but not as part of the system of dual training) and ( technical) universities. However, the education loan is intended for people in the continuing education phase, so that the following conditions are met:
Education loan runs for a maximum of 24 months
Pupils who have completed vocational training or are in the second or fourth year of vocational training. It must therefore be a vocational training. The education loan is only valid until the age of 36 and until the end of the 12th
The education loan runs for a maximum of 24 months with monthly installments of 300 USD each. For a larger project, the amount may also be paid in advance for a maximum of 6 years (“1800 USD”). The interest rate for the loan is based on the European Union.
The effective interest rate for the education loan was therefore 4.10% on 01.04.2006. The repayment is made in monthly installments of 120 USD, but also an early full or partial repayment is possible. From whom is the education loan financed? Further information and the possibility to apply for a student loan can be obtained.