Student loan

In certain phases, a student loan can be a way of reducing the financial burden during your studies and allowing you to concentrate fully on your studies. However, before you decide in favour of a loan, you should carefully examine the various options. A loan always means accumulating debt - the borrowed money has to be paid back to the bank with interest. Firstly, check whether other financing options are available, e.g. BAföG or a scholarship. A loan should only be used as a last resort.