Daka study loan

The Studentenwerk Frankfurt am Main is a cooperation partner of the Studentenwerk loan association in Nord Rhine-Westphalia.

If you are within the final phase of your studies and need financial support for your living, you can apply for a Daka loan.

The Daka study loans were rewarded with 4 out of 5 stars by the Centre for Higher Education Development (CHE) in the current Studienkredit-Test 2015.

Requirements

  • studies at one of the following universities
    - Goethe-University, Frankfurt am Main
    - Frankfurt University of Applied Sciences
    - RhineMain University of Applied Sciences
    - Geisenheim University
    - Frankfurt University of Music and Performing Arts
    - Offenbach University of Art and Design
  • payment of the semester fees to the Studentenwerk Frankfurt am Main
  • relying on financial support for securing one’s living
  • option of providing a bailsman

 Excellent performance

  • loan total and payments are flexbile within the guideline frames
  • maximum total of 6000,- euros
  • monthly-rated payments of maximum 1000,- euros
  • 5% of the loan total are administrative costs
  • interest-free loan, no further costs for a regular payment process
  • if maximum loan total not yet used, a master’s degree can be financially supported after the bachelor’s degree

    Fair payment conditions

    • repayment begins 12 months after the last paid rate in a direct debit procedure of monthly 150,- euros
    • early loan repayment is possible at any given time and at any given amount
    • if financial difficulties occur, other repayment solutions are possible
    • While studying for a master’s degree directly after a financially supported bachelor’s degree, the repayment can be postponed interest-free to six months after the master’s standard study period

    Visit our consultation centre for a briefing!

    Full information is available under  www.daka-nrw.de

     FAQs about the Daka loan