Financing Your Studies

• Financial Aid (BAföG)
• Jobbing
• Scholarships
• Other Options

BAföG: Federal Law for the Promotion of Training and Education

Students may be eligible to receive financial aid based on the Federal Law for the Promotion of Training and Education (Bundesausbildungsförderungsgesetz – BAföG). Aim of the law is to enable young people to choose the type of education or training that matches their interests and abilities irrespective of their financial background.

The amount of the financial aid payments depends on the student's own income and as a general rule also on the income of the students' parents. The longest possible period of time during which financial aid is granted is the standard period of study of the degree program in question. Half of the financial aid is granted as interest-free loan and the other half as direct subsidy.

The department for the promotion of study and training in charge for RheinMain University is the

Studentenwerk Frankfurt/Main
Bockenheimer Landstraße 133
60444 Frankfurt/Main
Phone: +49 (0)180 3 BAFOEG
Fax: +49 (0)180 3 223 634
www.studentenwerkfrankfurt.de

The requisite paperwork for financial aid applications is made out by the professors or other lecturers who were appointed BAFöG advisors by their faculties. Ask in your faculty's student services office to find out who the currently responsible person is.

Introductory information about financial aid can be found on the following website:

• www.das-neue-bafoeg.de

In Hesse, applications for financial aid in accordance with the Federal Law for the Promotion of Training and Education can be submitted online.

• Go to the Hesse BAföG online application

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Jobbing

Many students work part-time during their studies. The following leaflet (in German only) of the Studentenwerk informs students about the required tax and insurance payments for jobs that pay less than 400 euros per month or are "minijobs", for part-time work above this limit and for full-time jobs during the semester breaks.

• Download the leaflet Jobben - Kurzinformation für Studierende (in German only)

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Scholarships

General Information

Students can also receive financial support through scholarships. Scholarships are awarded for academic achievement as well as for extracurricular political and social volunteer work.

Please find brief characterizations of the largest and most important German foundations on the following web pages, which include information about application procedures, selection criteria and the type and amount of financial aid and other support granted.

• www.stipendienlotse.de
• www.begabtenfoerderungswerke.de
• www.mystipendium.de

Some organizations that provide scholarships have liaison instructors at RheinMain University of Applied Sciences. These liaison instructors serve as your direct contact persons for questions regarding the foundations and their scholarships.

• Download the List of Liaison Instructors at RheinMain University of Applied Sciences

Deutschlandstipendium Scholarship Information

For more information on the Deutschlandstipendium Scholarship, have a look at the following websites:

• Deutschlandstipendium an der Hochschule RheinMain
• www.deutschlandstipendium.de (Infos des Bundesministeriums für Bildung und Forschung)

Information for Parents

The parents' compass provides scholarship information specifically geared to the needs of parents of prospective and current students.

• www.studienkompass.de/elternkompass

Scholarships for People with Vocational Qualifications and Work Experience

The advance scholarship (Aufstiegsstipendium) is particularly geared to funding people with vocational qualifications and work experience who are interested in entering a degree program. For more information about the scholarship, visit:

• www.aufstiegsstipendium.de

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Other Options

For more information about other options of funding your studies such as taking out an educational or student loan, applying for housing assistance or other financial support, take a look at the websites listed below. You may also contact the organizations listed to find out what funding and financial aid opportunities may apply to you.

• Go to the website of Studentenwerk Frankfurt
• Go to the social and financial aid advising of the Student Council (AStA) of RheinMain University of Applied Sciences

The Center for Higher Education has examined 40 student loan offerings. The survey provides you with a well-organized overview of the different types and uses of student loans:

• www.CHE-Studienkredit-Test.de

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