Study loan
(BAföG)
The most extensive task in this field is managing loans pursuant to the Federal Training Assistance Act (BAföG).
The training assistance offices grant the promotion each half as subsidy and loan. First repayments have to be made five years after the end of the maximum grant period. We manage this settlement paperless and collect the loans, so that the funds can benefit the next generation of students.
In 2020, the amount of EUR 904 million in BAföG loans was repaid.
Borrowers who are financially unable to repay the loan may be exempted from repayment for a limited period of time upon application.
On the other hand, repayment can also be made in one sum. A discount is granted here upon request.
You want to know more about the repayment? Please change to the German-speaking site.
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Published 2 February 2021