October 3, 2020

Corona raises the volume of student loans in Germany to one…

Corona raises the volume of student loans in Germany to one...


Over the past five months, tens of thousands of students in Germany have applied for loans totaling nearly 1 billion euros from the state-owned German Development Bank (KFW).

A statement from the German Ministry of Education for the Budget Affairs Committee in the German Parliament (Bundestag), which was reviewed by the German News Agency on Saturday (October 3), stated that during the period from May to last September, about 30,800 people were presented. Application for a student loan from the German Development Bank, totaling 919.6 million euros.

According to the data, this amount is four times the number of loan applications made by students in Germany in the same time period last year.

A spokeswoman for the German Development Bank said that 8,500 student loan applications, totaling 315 million euros, were submitted during the period from May to September 2019. The spokeswoman described the year 2019 as an average year, as the average number of student loan contracts annually is about 23,000 contracts.

Students in Germany, especially foreigners, face great difficulties during the period of the Corona crisis, the most prominent of which are housing problems and income disruption, especially since a large number of foreign students depend on small incomes from their temporary work, which has become difficult in light of the new conditions of the labor market.

SAR / M.S. (DB A)

  • The best German universities in the eyes of foreign students

    10th place: University of Cologne

    One of the advantages of the prestigious University of Cologne is its important strategic location in the center of Europe, as a few hours by train separate it from the rest of the major European cities, such as Amsterdam, Brussels, Paris and others.

  • Corona raises the volume of student loans in Germany to one...

    The best German universities in the eyes of foreign students

    Ninth place: Goethe University, Frankfurt

    This university is named after the great German writer Johann Wolfgang von Goethe, and its building resembles a skyscraper. Therefore, this university located in the heart of Frankfurt is called “Manhattan” University, after the Manhattan district of New York, which is dominated by skyscrapers.

  • Corona raises the volume of student loans in Germany to one...

    The best German universities in the eyes of foreign students

    Eighth place: University of Duisburg-Essen

    About 37 thousand students study at this university, which resulted from the merger of the universities of Duisburg and Essen in 2003. The Ruhr region, in which this university is located, is characterized by its high population density, but the cost of living there is low compared to the rest of Germany.

  • Corona raises the volume of student loans in Germany to one...

    The best German universities in the eyes of foreign students

    7th place: Heidelberg University

    Heidelberg University is the oldest German university, as its foundation stone was laid in 1364, in addition to its location in Heidelberg, which is distinguished by its charming urban beauty.

  • Corona raises the volume of student loans in Germany to one...

    The best German universities in the eyes of foreign students

    Sixth place: Humboldt University of Berlin

    This university is also considered one of the oldest German universities, and famous German names have graduated from it, such as Otto von Bismark, the maker of German unity and the writer Heinrich Heine.

  • Corona raises the volume of student loans in Germany to one...

    The best German universities in the eyes of foreign students

    Fifth place: Technical University of Berlin

    This university is considered a pioneer in the field of technical engineering, in addition to the fact that the cost of living in the German capital Berlin is lower compared to the rest of the other European capitals.

  • Corona raises the volume of student loans in Germany to one...

    The best German universities in the eyes of foreign students

    Fourth place: Aachen University

    Aachen is located on the Belgian and Dutch borders, its Technical University (RWTH) bears the slogan “Think about the future” and is already investing everything to ensure a better future for its students.

  • Corona raises the volume of student loans in Germany to one...

    The best German universities in the eyes of foreign students

    Third place: Technical University of Munich

    There are two distinct universities in Munich, one of which is the Technical University of Munich, which has 20 per cent of students from immigrant backgrounds.

  • Corona raises the volume of student loans in Germany to one...

    The best German universities in the eyes of foreign students

    2nd place: Ludwig Maximilian University of Munich

    In addition to 34 Nobel Prize winners graduated from this prestigious university, the international newspaper “Monocle” ranked Munich as the best city in the world.

  • Corona raises the volume of student loans in Germany to one...

    The best German universities in the eyes of foreign students

    First place: Free University of Berlin

    This university was founded in 1948 and, unlike the Humboldt University in the eastern part of Berlin under Soviet control, it was part of the “free world”, which is why it was called the “free” university, and it was named the best German university.

    Author: Chimbonda Chimbalo / W.B.





Click here to read original article