Tuition fees and financial support
Student Services offers information & advice relating to fees and funding. Tuition fees cover the cost of your registration, teaching, assessment and operating university facilities such as the library, IT equipment and other support services. Fees can vary between different programs, so ensure you check this before applying. When you accept the offer of a place in a program you are accepting responsibility for the payment of your tuition fees. This applies even if you are being sponsored and your sponsor fails to pay.
At KLU, financing issues for the whole course of studies need to be settled before commencement of studies. KLU’s budgeting support for tuition goes by the annual intake and offers no scheme for students already on the program.
Since my Bachelor studies, the combination of the KfW student loan and the Brain Capital financing scheme has been the perfect way for me to finance my academic education. I decided for those options as I don’t have to pay the full tuition all at once and can rather concentrate on my studies first. Once I have a regular income, I will make the repayments.
There are different loan schemes to finance the cost of living. These primarily target German and EU nationals. Candidates of other nationalities are only eligible if they have a German baccalaureate (Abitur) and permanent residence status in Germany.
The German federal government and KFW banking group, a German government-owned development bank, offer the following loan to Germans and EU citizens. Non-EU candidates are eligible only if they have a certificate of graduation from a German secondary school and permanent resident status in Germany.
Federal Training Assistance Act (BAföG)
German federal government loan program: The loan program provides you with state funding to pursue education and training. You receive 50 percent of BAföG aid as a state grant and 50 percent as an interest-free loan. Your eligibility is dependent on your parent’s income. Read more about the Federal Training Assistance Act (in German).
The KfW offers the KfW-Studienkredit for our Bachelor and Master programs as well as our MBA. With the KfW-Studienkredit, you are able to finance your costs of living. The KfW-Studienkredit is highly flexible. Please find all information concerning the KfW-Studienkredit here. The product profile of the loan can be found here (unfortunately both is only offered in German). Please note: This loan scheme is primarily available for German citizens or students with a German baccalaureate (Abitur). There are exceptions, please consult the KfW-website for further information.
For further information, please contact Mr. Sascha Geßner (Tel. +49 40 3579-7227) or Ms. Bodolo (Tel. +49 40 3579-2411) from the HASPA.
Counseling center for study financing
The counseling center for study financing "BeSt" from Studierendenwerk Hamburg offers free and objective advisory service on all topics of student finance such as BAföG, scholarships, student loans, etc. As a (prospective) KLU student you may make use of their counseling services and get individual advice:
Counselling centre for study financing – BeSt
(near Dammtor railstation)
Telephone: +49 / 40 / 42 815 - 5107, - 5108
Fax: +49 / 40 / 41 902 - 6126
In Germany, tuition can be claimed on tax returns and the tax savings can be used to partially finance students’ degrees.
All master’s degree students can claim all the costs of their degree program as anticipated income-related expenses before graduating and after completing their vocational training, and carry them forward over their time enrolled as cumulative losses – assuming they had no or very little income in that time. Loss carry-forwards make this possible: the losses that students incur because they are studying are offset from their incomes after graduation in subsequent years. This reduces the income for which taxes are due. The costs associated with the semester abroad and tuition are deductible.
It is only possible to take advantage of loss carry-forward if the degree program is a second degree (master’s degree after the bachelor’s or a bachelor’s degree after an apprenticeship). The costs of first degrees can be deducted as a special expense up to a limit of €6,000. Study-related expenses only have an effect in the same year and only result in tax benefits for people whose incomes are high enough that they actually pay income tax in Germany. The Federal Constitutional Court is reviewing the regulation regarding the costs of the first degree. For this reason, students should always claim their study-related expenses as income-related expenses on their income tax returns.
If students participate in the Brain Capital plan and defer payment of tuition fees, the fees can be deducted as soon as payment is initiated (outflow principle).
*non-committal statement as KLU is not allowed to act as a tax advisor.
Opening a German bank account
International students who are planning on staying longer than a couple of weeks in Germany should open a current account here. They are usually free of charge for students (for example the account "Sparda Young" by SPARDA), or they offer benefits for students for a small monthly fee (for example the student bank account by HASPA). Both websites are in German only unfortunately.
Please find more information in English on the website by the German Academic Exchange Services (DAAD).