2.4 Cost of living and scholarships

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Revision as of 19:17, 3 February 2021

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.

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 <loop_area type="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.</loop_area>
-== Scholarships ==
-There are various scholarships in Germany, which are also available for international students. These range from 300 € per month (Deutschlandstipendium) to about 1000€ per month (Begabtenförderwerke).
-The requirements are usually very good grades and involvement in volunteer work. '''There is no guarantee to get a scholarship!'''
-<loop_area type="websource">The easiest way to help you with your search is to use a database, e.g. the [https://www2.daad.de/deutschland/stipendium/datenbank/en/21148-scholarship-database/ DAAD Scholarship Database].</loop_area>
-<loop_area type="important">The decisive factor when applying for a scholarship is the application. [[Contact information|The Career Development]] will help you with this and other questions, also in case of fincancial emergencies.</loop_area>
-Another option to raise money for your stay are part-time jobs. See [[Part-time job|this page]] for further information.
 <loop_index id="5ff45630b5312">Cost of living</loop_index>