5. Federal Student Loan
In addition to the KfW student loan, there is also the federal student loan. This loan makes sense for the end of your studies or as interim financing. You can receive up to € 300 per month for up to two years, with a very low-interest rate of 0.52%.
With this low-interest loan, you can receive additional financial support in an advanced stage of your education, e.g. after an intermediate examination or after receiving a Bachelor’s degree. You can also finance postgraduate or complementary study programs. If you are studying medicine, you can also finance your residency. The student loan is offered independent of income or wealth and can be given simultaneously with BAföG. However, there is no entitlement to this student loan.
For a maximum of two years € 100, € 200, or € 300 can be granted per month, for a maximum total of €7,200. A one-time payment of up to € 3,600 can be granted in the case of an exceptional expense.
The student loan is normally only granted up till the end of the twelfth semester of your current study program. After this point, you can only receive the loan if you qualify to take your final exam and will finish your studies within the time frame of the loan. The examination body must confirm your eligibility in writing.
You can find more information at this link:
Tip: This loan is especially well-suited for those studying a Master’s program.
You are eligible for the federal student loan if you have your permanent residence in Germany and if you fulfil the BAföG requirements mentioned above.