Many international students dream of coming to Germany but are worried about the cost of studying. There are many expenses to take into account when planning to study in Germany, such as tuition fees, living expenses, travel expenses and visa costs.
The good news is that most of the universities in Germany offer several scholarships to international students from around the world, offering an opportunity for them to experience an excellent education system and unbeatable lifestyle.
In Germany, you can check different foundations and organizations that help international students financially.
The main institution that acts as a mediator between international students and financial aid is the German Academic Exchange Service (Deutsche Akademische Austauschdienst), short for DAAD.
You can apply through DAAD, which offers scholarships to international students via partner institutions since German universities do not offer grants for students. You can avail different types of scholarships: monetary and non-monetary.
Let’s demystify the two terms for you. If you get a full scholarship, you will be awarded a fixed amount to cover you financially for the whole period of your studies. If you get a partial scholarship, you will have to look for other sources to fund yourself further. You can look at organizations that sponsor talented students.
Non-monetary scholarships come in the form of free invites to workshops, lectures and scientific conferences that aim to build a connection between outstanding students and top universities. This is a wonderful opportunity for you to create long-lasting relationships with institutions beyond your scholarship period.
You need to carefully chalk out a plan regarding your education goals as it will require serious commitment and proper financial planning. You can explore various financing options and opt for an education loan that works best for you. After all, it’s about your education and your future. All the very best!