Interest-free education loans for South African students in Germany

By: Food Focus on 19 May 2020

Interest-free education loans for South African students in Germany


During these times of pandemic, the German government is offering financial support for South African students. Due to Covid-19, many students have lost their jobs which allowed them to finance their stay in Germany. According to official figures from Statista, three out of four foreign students in Germany work throughout their studies and have had their incomes seriously affected by the pandemic. In this context, the German Minister of Education and Research, Anja Karliczek, has announced the creation of an interest-free education loan program, to ensure the continuity of their studies. According to information from MyGermanUniversity, a portal specialized in studies in Germany, almost 400,000 international students are enrolled in a German university, with a growing trend for the following years.


Stephan Paulini, co-founder of MyGermanUniversity, based in Hamburg, was previously director of the German Academic Exchange Service (DAAD) in Peru and knows very well the reality for international students in Germany. Stephan Paulini stresses the importance of this measure taken by the German government: "This will allow many South African students to continue their studies and not be forced to return to their country because they do not have sufficient resources to cover their expenses.” South African students will be able to access the education loan for up to 650 euros per month from June 1, 2020.


Germany stands out as one of the preferred destinations for South African students, ranking in the top 10 preferred country destinations for students from South Africa in 2016 according to the DAAD. The great interest in Germany among South African students is self-explanatory by its high quality of education and its 400 internationally renowned universities, which offer more than 20,000 undergraduate and graduate programs. Furthermore, students do not need to speak German to study at the postgraduate level at a German university. There are more than 1,700 Master's programs in English, with 69% of them charging no tuition fees, due to the enormous economic subsidy offered by the German state.


The study portal MyGermanUniversity https://www.mygermanuniversity.com, has the largest and most complete database of master’s programs in Germany, with more than 1700 Master's programs in English.

UPDATE:

According to more recent information from Erudera, there are 590 universities that offer study programs in Germany, you can view more information here: https://erudera.com/universities/germany/