More and more young adults are choosing to study in Germany, which they would like to take up after completing high school. Although the study situation in some cities has deteriorated in recent years to the extent that universities and colleges are partly overcrowded and the housing market is really scarce, many school leavers between the ages of 18 and 20 still decide to accept one studies. One question that arises more frequently in this context is how the study can be financed as such.
Support from parents or Federal financial aid
When it comes to financing the study, then fall in the context usually first two keywords, namely financial support from the parents and the Federal financial aid, which is entitled to many students. Although many parents support their children voluntarily during their studies, there are, of course, other students on the other side who have to make do without such financial support. In this case, the opportunity to apply for Federal financial aid is often used to cover at least part of the monthly costs. In addition, many students increase their regular income through a student job or a part-time job, so they get along with the money available.
What if the money is not enough?
For many thousands of students, however, the financial situation is such that support from parents, Federal financial aid and any income from a student job is not enough to cover all the costs of the study in the long term. In this case, in principle, the only option left is either to apply for a scholarship or, of course, to do so in the vast majority of cases, to finance it. In principle, a loan for students only pays off if there is a regular funding gap that can be closed by the loan. Of course, there may also be a need for financing if there are major costs to cover for a purchase, such as the purchase of a car, the first home furnishings or extensive study material.
Student loans from banks or student loans from Intrasavings bank?
When it comes to the student opting for a loan, there are two different alternatives in practice. On the one hand, numerous banks now offer a student loan, which in principle is usually an ordinary installment loan with special conditions. However, you should keep in mind that such a student loan is only suitable for covering one-off and slightly larger costs, such as buying a car. On the other hand, student loans are less suitable if, for example, you are missing 300 USD every month to cover all costs.
In such a case, it makes sense to obtain information on the student loan from Intrasavings bank-Bank. The basic difference to the student loan of the banks here is that the loan amount is not even paid, but the student receives every month a small part of the total amount transferred to his account. Therefore, the student loan from Intrasavings bank is ideally suited to at least partially cover current monthly expenses.