Cost of living and scholarships

Studying abroad is of course also a financial question: how much does it cost? How can I cover the expenses?

Proof of sufficient funds

You need to proof of sufficient funds in order to get a visa. Therefore, it is not only a personal question how to cover your stay in Lübeck.

Web­source

You can find the current amount and further information on the DAAD website.

Proof of sufficient funds can be provided by:

• demonstration of the income and asset situation of the parents or
• a formal declaration to the Aliens’ Authority or diplomatic mission stating that the living expenses will be assumed for the foreign student or
• payment of a security deposit to a frozen account in Germany or
• deposit of a bank guarantee from a financial institution in the federal territory, which must be renewed each year, or
• scholarships financed from German public funds or scholarships from a sponsorship organisation accredited in Germany or scholarships from public funds of the country of origin if the Ministry of Foreign Affairs, the Deutsche Akademische Austauschdienst DAAD or another German organisation funding the scholarship has made the referral to the German university.

Notice

Please beware that not all options for providing proof of sufficient funds will be accepted in all cases. Often, the authorities insist on opening a frozen account and on the payment of the corresponding security deposit.

Deutscher Akademischer Austauschdienst (German Academic Exchange Service)

DoSV: Dialogorientiertes Serviceverfahren