Financial aid
There are many different ways to get financial support for an apprenticeship or a degree. These depend on various factors, from the type of training they want to the housing situation. The question of whether and to what extent the loan has to be repaid also plays a crucial role. The information offered is designed to help you find the appropriate options and your decision. You can also find forms on the application process, checklists and answers to questions that could concern you.
Questions and answers
What financial possibilities do I have during my studies?
There are mainly these possibilities to finance your studies:
- Student loans: Many banks offer quite cheap loans for students. Depending on the lender, this loan must be repaid promptly with the corresponding interest.
- Parents: If the parents earn well, they must pay for their education up to the age of 25. If necessary, this can even be claimed. You are entitled to child benefit in any case.
- BAföG: State support can be applied for by students. The forms are available at every Studentenwerk. BAföG must be partially repaid.
- Scholarship: A scholarship is a non-repayable form of support for students with disadvantages or special talents. It is important to apply early, as the lead time is up to one year.
- Student job: You can work alongside your studies as a student assistant or student trainee. You are allowed to work a maximum of 20 hours per week. For example, you can find a job in the student job exchange. Even with BAföG you can earn up to 400 €.
Which financial aid is available to me during a vocational?
BAB vocational training allowance is paid under certain conditions if the training allowance is not enough for living. The aid must be requested by the Federal Employment Agency. The amount depends on the earning of the parents or partner. Student- BAföG can be applied for in a school education and is also subject to the earnings of the parents or the partner. An application will be submitted to the competent office for education.
Training support submitted. Housing benefit can be applied if there is not entitlement to BAB to pay the rent. For this, the applicant must be of legal age. It must be proven that you no longer live with the parents and have to pay your rent by yourself. Child benefit is given to parents until the child is 25 year old. This money is available to you if you're no longer live at home. A scholarship is an option if you want to study abroad. A lot pf initiative is needed here. There are state, private and international funding programs.
Education credit is provided by KfW and is intended for apprentices who are about to graduate, more specifically a maximum of 24 months before graduation. You must be at least 18 and maximus 36 years old to get the credit. The good thing is, this loan is flexible customizable, regardless of their own income and the income of the parents.
What financial opportunities are there during second training?
It is usually not easy to finance a second education if you wish to do so for personal reasons. You can find a company-based training, here a salary is paid, but can vary greatly depending on training occupation and operation. Then you can get help from your relatives or partners or apply for unemployment benefit 2 in addition. Possibly even housing allowance is eligible for you. In no case should you cancel your existing employment relationship before you have the new signed training contract.
Checklist
Document
Request for BAföG for students at universities and universities of applied sciences
Those who cannot finance their studies themselves and the possibilities of support from their parents are not sufficient can apply for BAföG.
Send application to: responsible Studentenwerk
Freistaat Sachsen (Federal state of Saxony) - www.amt24.sachsen.de
Leaflet on child benefit of the Federal Central Tax Office
Child benefit is paid to the tax exemption of the parental income in the amount of the subsistence of a child.
Federal Ministry for Family Affairs, Senior Citizens, Women and Youth - www.bmfsfj.de
Offers for vocational guidance from the Employment Agency
The guidance supports teens and young adults during training and at the beginning of their career.
Bundesagentur für Arbeit - www.arbeitsagentur.de
Placement services and services provided by the Employment Agency
Information, advice and mediation
Bundesagentur für Arbeit - www.arbeitsagentur.de
Information sheet on vocational training assistance from the Federal Employment Agency
Information for young people relating to the financial aid of the employment agency
Bundesagentur für Arbeit - www.arbeitsagentur.de
Helpful Links
Agentur für Arbeit - vocational training allowance (BAB)
Anyone planning an apprenticeship wants to stand on their own two feet - also financially. Under certain circumstances, the Federal Employment Agency (Bundesagentur für Arbeit - BA) will support you with a grant.
Financial aid study in Saxony - bildungsmarkt-sachsen.de
Offers from the State of Saxony to finance a degree course
About Scholarship guide - Federal Ministry for education and research
By the Federal Ministry of education and research (BMBF), an interactive platform is Scholarship pilot to find the scholarship appropriate for you based on your desired criteria. The comprehensive scholarship database allows many different criteria, such as for example phases of training, courses of study or objective filter. The pilot of the scholarship is the central contact point for national and international scholarships in the private and public sectors.
Financial aid during vocational training – azubi.de
What help can be received while in training?
Financial aid during school education – azubi.de
What help can be received while still at school?
Employment Agency - BAföG
If you are doing a school education, you may be eligible for an education grant. Under certain circumstances, child benefit can also be paid during an apprenticeship.
Financial aid training in Saxony - bildungsmarkt-sachsen.de
Offers from the State of Saxony to finance an apprenticeship
Study finance, ItS transparent scholarship initiative
Sources of funding at a glance
