Good News: Financial Aid for Students in Germany
The coronavirus outbreak has caused financial hardships to many students in Germany. Since thousands of students in Germany financially depend on the limited number of part-time work hours they can do while studying, working has become a challenge due to the COVID-19 pandemic. According to Njomza Zegiri of Study-in-Germany.org, two-third of international students depends on their par-time works to cover their living expenses. A survey conducted on Study-in Germany portal also indicates that 85% of current and potential international students admit that the outbreak has impacted their plans to study in Germany one way or the other. In many ways of intervening to the sufferings caused by the outbreak, the Federal Minister of Education and Research, Anja Karliczek has announced the provision of interest-free loans of up to 650 euros a month via state owned development bank Kreditanstalt für Wiederaufbau for students. Additionally, the ministry would also provide “emergency funds” with non-repayable grants worth 100 million euros for students which would be distributed by the Deutsches Studentenwerk (DSW). However, this only applies to students studying at German Public Universities. This support is available as from 16th June, 2020 and the funds will be granted for 3 months. To benefit from the emergency fund, these are the important steps that should be taken: i. Applicants must upload study certificate, study ID and the bank statements of their accounts from February or March without blacking out anything. ii. The applications of the students are then forwarded via the online portal to the student union responsible for them. Student Union will be processing and paying out the funds to the applicants. Depending on the proven need, the students can then hope for a grant of between 100 and 500 euros for the months of June, July and August. It should be noted that the balance on your account the day before the application is the criteria for the amount of the support you will receive. This implies that your account status determines the amount of fund that would be given. For instance, if you still have 200 euros in your account, you can receive 300 euros as help for the month. If you have less than 100 euros in your account, you get the full 500 euros. Anyone who has at least 500 euros in their accounts will not receive any support. Applications for support can be submitted from (12 noon) Tuesday, 16th June, 2020 at www.ueberbrueckungshilfe-studierende.de. Applications will be paid out starting from June 25, 2020.