Grants through BaföG or educational loans

Grants through “ BaföG“
(Bundesausbildungsförderungsgesetz)

All vocational training courses at the foreign language school F+U Rhein-Neckar are eligible for federal financial aid. (BaföG) Our participants may apply for grants as long as they aren't over 30 years of age. Financial aid is also available to foreign participants. We will gladly inform you.

• Your advantage
  Federal financial aid for students are usually grants. Which means: the grants do not have to be repaid (neither by the parents nor by you). Financial aid will be granted for the entire duration of the course.
  But: You always have to report your parents' earnings (and of course your own earnings and assets). Only in rare individual cases will the financial aid be granted independently from the parents.
• How high is the financial aid?
  The law estimates the financial needs of a foreign language correspondent who attends a 1 or 1.5 year course to amount to 348,00 EURO per month (if they don't live with their parents). In addition, an allowance for rent in the amount of 64,00 EURO and a fee of 55,00 EURO for heath insurance.
  European secretaries who attend a 2-year course are granted a financial need of 348,00 Euro (plus 64 EURO rent allowance and 55 EURO insurance fees), if they have their own apartment, and 192,00 EURO, if they live with their parents.
  The maximum amount granted are 467,00 EURO monthly (if they don't live with their parents) – NO OBLIGATION FOR REPAYMENT Please note that these grants can be supplemented with an educational loan in the amount of 300,00 EURO (s. backside ).
  Should the parents' earnings exceed a certain limit, the amount will be reduced accordingly. Any statement about the exact amount of the financial aid is only possible in individual cases due to the complicated method of calculation. Please have your claimed financial aid amount calculated by the according BaföG office. We will gladly assist you.
• Can I earn money with out jeopardizing my claim for financial aid?
  Yes, but only to a certain limit. Our apprentices (foreign language professions) may earn app. 219,00 EURO per month, without affecting the federal financial aid.
  Note: 219 EURO (= 2628,00 EURO annual earnings) are an average amount, you may earn more in one month if you don't work the other month. (e.g. summerjobs).
• Where do I apply for BaföG grants and receive further information?
  Applications and information inquiries should be sent to:
  Bureau for educational loans www.bafoeg.bmbf.de
  The county/city council
  Of the parents domicile

Ausbildungsförderung über den Bildungskredit (educational advancement through educational loans)

• What's the meaning of “educational loan“?
  The educational loan is a federal assistance program for students, which can be obtained in addition to the BAföG grants. This means that students in our vocational training courses at the foreign language school F+U may take advantage of the educational loan, regardless of whether they already receive BaföG, or not. Those who won't receive Bafög grants (e.g. because the parents earn too much), may still apply for the educational loan.
  Neither the parents' earnings nor their assets are a determining factor.
  But: As indicated in the name, this type of loan has to be paid back, although with very little interest. AND: The means of the educational loans are limited. Therefore one has no legal claim to these loans.
• Who can get the educational loan?
  Every student in the vocational training courses at the foreign language school may claim the educational loan, as long as they are of full age but not older than 36 years. Loans are also available to foreign (non-German) students.
• How high are the loans and how long are they granted?
  An educational loan in the amount of 300,00 Euro per month will be granted over a time period of 24 months at most. You can therefore obtain the educational loan for the entire duration of the course through us.
  A maximum of 862,00 Euro may be granted if BAföG and educational loans are combined.
• When do I have to repay the educational loans?
  Repayment begins four years after the first monthly payment. If you have taken your first educational loan in September 2005, the repayment will start in October 2009. The loans are to be paid back in monthly instalments of 120,00 EURO.
• Where can I apply for educational loans?
  Applications should be sent to:
  Bundesverwaltungsamt
  50728 Köln
  Further information in the internet at: www.bildungskredit.de
  Taxable financial assistence
  While attending a private school, many of the costs can be considered in your tax return; depending on the situation this may apply to parents or students.
  This consideration could be granted in form of advertisement costs or special costs. Since any clear assertion can only be made based on individual cases, we will gladly answer your questions (or your parents) in a free counseling interview..