1. Cheapest ways to send money to Pakistan
  2. Scholarships and financing to study in Germany
  3. German Language Institutes in Pakistan
  4. Procedure to open Deutsche Bank blocked account
  5. Motivation Letter for admission to a German university
  6. Sponsor Letter Format for Germany
  7. Packing list suggestions for students going to Germany
  8. Notary Attestation in Pakistan
  9. Application procedure via uni assist
  10. IBCC Attestation Process
  11. HEC degree attestation process
  12. Tips – How to fill German Student Visa Application Form?
  13. Free Studienkolleg in Germany
  14. How to apply for a PhD in Germany?
  15. 12 Things to do after moving to Germany as a student
  16. Top 48 – German Student Visa Interview Questions & Answers
  17. Top Scholarships for Germany 2024
  18. Instant appointment in German Embassy Islamabad
  19. Document checklist for the German student visa
  20. How to appeal a rejected visa at the German embassy?
  21. How to Find a German University for Admission?
  22. Gujranwala Board SSC and HSSC certificate verification
  23. Degree attestation from HEC Regional Center Lahore
  24. Rawalpindi Board SSC and HSSC certificate verification process
  25. How to get a visa to study in Germany?
  26. Most in-demand job fields in Germany
  27. Is it possible for a couple to study together in Germany?
  28. Germany’s Chancenkarte – All you need to know!
  29. New blocked account amount for Germany
  30. Want to study in Germany? Not sure where to start?
  31. UK study visa process step by step
  32. Sweden study visa process step by step
  33. Australia study visa process step by step
  34. USA study visa process step by step
  35. Canada study visa process step by step
  36. Cheapest flights to Germany from Pakistan
  37. Tips to get a German Family Reunion Visa on a fast track
  38. Bachelor in Artificial Intelligence in Germany
  39. Business administration in Germany
  40. Bachelor in computer science in Germany in English
  41. Automotive Engineering bachelor degree in Germany
  42. Study international business in Germany in English
  43. Things not to do in Germany
  44. HSF German Scholarship Program for Pakistani Students
  45. Study in Germany with Indian education loan
  46. Requirements to study in Germany for Indian students
  47. How much does it cost to study in Germany in PKR?
  48. How to get a PhD in Germany?
  49. Ausbildung in Germany for Non-EU Students
  50. Some crucial changes in Germany in 2021
  51. Top 5 German universities – 2022
  52. Top 20 German universities – 2022 ranking
  53. Private universities in Germany for international students
  54. Best books to learn German – A1 to C2
  55. 5 best German English dictionaries
  56. Coronavirus updates for students traveling to Germany
  57. Top universities to study Biology in Germany
  58. List of universities to study Chemistry in Germany
  59. EU Blue Card in Germany – Requirements 2023
  60. Best ways to send money abroad from Germany
  61. Germany Job Seeker Visa – Requirements 2024
  62. Germany new skilled immigration law
  63. Study in Germany major changes coming in 2023
  64. Why do I need a uni-assist VPD certificate?
  65. Types of universities in Germany
  66. German Blocked Account (Sperrkonto) – 2023
  67. Certified copies with notary attestation
  68. Application deadlines for German universities
  69. International students in Germany – statistics 2019/2020
  70. How to calculate ECTS credits?
  71. Study in Germany from Bangladesh
  72. Which countries can I travel to on a Schengen visa?
  73. Germany student visa process for Pakistani students
  74. FBISE Verification Process
  75. How long I can stay outside Germany with Residence Permit?
  76. How to apply for the UK visit visa from Germany?
  77. Bernhard Schlagheck – New German ambassador to Pakistan
  78. Documents required to apply for admission to a German University
  79. Can I take admission in Germany with two year bachelor?
  80. Universities to study Geosciences in Germany
  81. What are the requirements to study free in Germany?
  82. List of top foreign scholarships?
  83. What is the cost to study in Germany?
  84. 15 great reasons to study in Germany
  85. Germany is going to reintroduce tuition fees for non-EU students
  86. Blocked account new amount- Sparkonto
  87. Do I Need to Attest O Level and A Level Certificates for German Visa?
  88. List of German universities offering business courses
  89. Universities to study Computer Science in Germany
  90. Universities to study Mechanical Engineering in Germany
  91. Necessary document attestation to study in Germany
  92. Germany work visa for Pakistan – 2023
  93. German Grade Conversion Formula
  94. The Cheapest Way to Send Money from Pakistan to Germany
  95. Fintiba Blocked Account
  96. Block Account in UBL Bank for Germany
  97. MBBS in Germany is Free for Pakistani Students
  98. Best German language books for beginners
  99. Change of foreign driver license to a German driver license
  100. Part-time jobs for students in Germany
  101. Tips to find accommodation in Germany
  102. Student health insurance in Germany – 2022
  103. How to open Expatrio Blocked Account?
  104. Academic CV for admission in German Universities
Wednesday, June 12, 2024
  1. Cheapest ways to send money to Pakistan
  2. Scholarships and financing to study in Germany
  3. German Language Institutes in Pakistan
  4. Procedure to open Deutsche Bank blocked account
  5. Motivation Letter for admission to a German university
  6. Sponsor Letter Format for Germany
  7. Packing list suggestions for students going to Germany
  8. Notary Attestation in Pakistan
  9. Application procedure via uni assist
  10. IBCC Attestation Process
  11. HEC degree attestation process
  12. Tips – How to fill German Student Visa Application Form?
  13. Free Studienkolleg in Germany
  14. How to apply for a PhD in Germany?
  15. 12 Things to do after moving to Germany as a student
  16. Top 48 – German Student Visa Interview Questions & Answers
  17. Top Scholarships for Germany 2024
  18. Instant appointment in German Embassy Islamabad
  19. Document checklist for the German student visa
  20. How to appeal a rejected visa at the German embassy?
  21. How to Find a German University for Admission?
  22. Gujranwala Board SSC and HSSC certificate verification
  23. Degree attestation from HEC Regional Center Lahore
  24. Rawalpindi Board SSC and HSSC certificate verification process
  25. How to get a visa to study in Germany?
  26. Most in-demand job fields in Germany
  27. Is it possible for a couple to study together in Germany?
  28. Germany’s Chancenkarte – All you need to know!
  29. New blocked account amount for Germany
  30. Want to study in Germany? Not sure where to start?
  31. UK study visa process step by step
  32. Sweden study visa process step by step
  33. Australia study visa process step by step
  34. USA study visa process step by step
  35. Canada study visa process step by step
  36. Cheapest flights to Germany from Pakistan
  37. Tips to get a German Family Reunion Visa on a fast track
  38. Bachelor in Artificial Intelligence in Germany
  39. Business administration in Germany
  40. Bachelor in computer science in Germany in English
  41. Automotive Engineering bachelor degree in Germany
  42. Study international business in Germany in English
  43. Things not to do in Germany
  44. HSF German Scholarship Program for Pakistani Students
  45. Study in Germany with Indian education loan
  46. Requirements to study in Germany for Indian students
  47. How much does it cost to study in Germany in PKR?
  48. How to get a PhD in Germany?
  49. Ausbildung in Germany for Non-EU Students
  50. Some crucial changes in Germany in 2021
  51. Top 5 German universities – 2022
  52. Top 20 German universities – 2022 ranking
  53. Private universities in Germany for international students
  54. Best books to learn German – A1 to C2
  55. 5 best German English dictionaries
  56. Coronavirus updates for students traveling to Germany
  57. Top universities to study Biology in Germany
  58. List of universities to study Chemistry in Germany
  59. EU Blue Card in Germany – Requirements 2023
  60. Best ways to send money abroad from Germany
  61. Germany Job Seeker Visa – Requirements 2024
  62. Germany new skilled immigration law
  63. Study in Germany major changes coming in 2023
  64. Why do I need a uni-assist VPD certificate?
  65. Types of universities in Germany
  66. German Blocked Account (Sperrkonto) – 2023
  67. Certified copies with notary attestation
  68. Application deadlines for German universities
  69. International students in Germany – statistics 2019/2020
  70. How to calculate ECTS credits?
  71. Study in Germany from Bangladesh
  72. Which countries can I travel to on a Schengen visa?
  73. Germany student visa process for Pakistani students
  74. FBISE Verification Process
  75. How long I can stay outside Germany with Residence Permit?
  76. How to apply for the UK visit visa from Germany?
  77. Bernhard Schlagheck – New German ambassador to Pakistan
  78. Documents required to apply for admission to a German University
  79. Can I take admission in Germany with two year bachelor?
  80. Universities to study Geosciences in Germany
  81. What are the requirements to study free in Germany?
  82. List of top foreign scholarships?
  83. What is the cost to study in Germany?
  84. 15 great reasons to study in Germany
  85. Germany is going to reintroduce tuition fees for non-EU students
  86. Blocked account new amount- Sparkonto
  87. Do I Need to Attest O Level and A Level Certificates for German Visa?
  88. List of German universities offering business courses
  89. Universities to study Computer Science in Germany
  90. Universities to study Mechanical Engineering in Germany
  91. Necessary document attestation to study in Germany
  92. Germany work visa for Pakistan – 2023
  93. German Grade Conversion Formula
  94. The Cheapest Way to Send Money from Pakistan to Germany
  95. Fintiba Blocked Account
  96. Block Account in UBL Bank for Germany
  97. MBBS in Germany is Free for Pakistani Students
  98. Best German language books for beginners
  99. Change of foreign driver license to a German driver license
  100. Part-time jobs for students in Germany
  101. Tips to find accommodation in Germany
  102. Student health insurance in Germany – 2022
  103. How to open Expatrio Blocked Account?
  104. Academic CV for admission in German Universities

Despite the free education system in Germany, students have to arrange their financial means (scholarships and financing) to cover their living expenses. It is also important to uncover these financial means in the student visa applications. Otherwise, the German Embassy rejects issuing a study visa.

Students can arrange one of these financing options to get a study visa quickly. Options like scholarship and sponsor work alone, and no additional financial document is required with these. But other options like blocked accounts can be more effective with personal or parent’s bank statements.

Top scholarships and financing options to study in Germany:

1. Scholarships

The scholarship is one of the best financing options to fund your studies in Germany. But these scholarships are usually offered only to excellent students. Pakistani students have two main options to get scholarships for Germany: HEC and Daad. Indian, Bangladeshi, and other students can skip HEC scholarships and continue to read the article from Daad scholarships.

HEC Scholarships

Pakistani students have the first option to get scholarships and financing from HEC (Higher Education Commission of Pakistan). Each year HEC offers scholarships to study in Germany for all fields of knowledge. HEC pay 950 euros per month in their funded scholarship program for Germany. Brilliant students always have more chances to get an HEC scholarship with high entry test scores. Don’t waste your time on HEC scholarships in case you have below-average marks.

DAAD-Scholarships

DAAD (Deutscher Akademischer Austauschdienst) is the largest German Academic Exchange Service that provides scholarships and financing to international students. It offers a wide range of scholarships and financing options for German universities’ doctoral and postdoctoral courses.

 Pakistani, Indian, Bangladeshi, and students from all other countries have the opportunity to get DAAD scholarships. Mostly, Daad offers these scholarships to students that have an excellent educational background. Depending on the academic level, Daad pays from 900 to 1300 euros per month to a scholarship awarded candidate.

DFG Scholarships

DFG (Deutsche Forschungsgemeinschaft) is a self-governing research foundation in Germany. DFG gets fundings from the federal Government and other German states. This foundation provides scholarships to foreign students the same as DAAD.

Other Financing Options:

Students also have the opportunity to get a variety of funding programs offered by other German public-private institutes. These funding programs include:

The Deutschlandstipendium

The Deutschlandstipendium is a public-private combined program that financially supports excellent students. In this program, both private companies and the German Government contribute 150 euros for each funding-awarded student. As a result, the student gets 300 euros per month. However, this funding is not enough to cover living expenses in Germany. But it can be helpful if the student also does a part-time job along with studies.

Erasmus Scholarships

Erasmus is the biggest European student exchanging scheme. It offers scholarships to both EU and non-EU students. Erasmus scholarships provide fundings that fully cover all living and educational expenses. The Erasmus scholarship program also very famous among international students.

Max Planck Institute

Max Planck Institute is a private German research institute. It provides funding and research opportunities to master students who want to pursue a Ph.D. in Germany. This institute offers scholarships to all international students.

The Heinrich Böll Foundation

The Heinrich Böll Foundation is a German constitutionally autonomous political organization associated with German Green Party. This foundation also offers scholarships to international students for undergraduate, graduate, and Ph.D. programs.

DKFZ Ph.D. Scholarships

The DKFZ is Germany’s largest biomedical research institute. This institute offer Ph.D. scholarships to international students. This scholarship program is suitable for medical students.

Social and Religious Institutes

In Germany, many social and religious institutes like big churches also provide scholarships to international students. But mostly, these scholarships remain bound to religion or faith, like Cusanuswerk offers scholarships only to catholic students.

2. Blocked Account:

The most popular financing option to study in Germany is the block account. A blocked account is a particular type of bank account that must contain a certain amount and restrictions set by the German authorities.

Students require to open a blocked account in a German Bank or local bank (authorized by German missions) to get a visa. It is necessary to deposit 11,208 euros into this account. Students can withdraw only 861 euros per month from this account due to restrictions. In case you have a scholarship, funding, or sponsor letter, then a blocked account is not required to get a visa.

TIPs: It can be useful if a student uses a personal bank statement along with a blocked account. He must disclose around 1 to 1.5 million rupees in this personal account as savings. Or he can use the parent’s bank statement with the same amount. Students can also use all property and business documents along with the blocked accounts. These tricks can enhance the chances to get a student visa. If you don’t want to use these tricks, then ignore them.

3. Sponsor Letter:

Sponsor means a person’s proper surety to pay the living and educational costs of a student. A sponsor can be a blood relation or a friend residing in Germany. The student needs a sponsor letter (Verpflichtungserklärung) and six months of bank statement and income proof of the sponsor to get a study visa for Germany.

4. Disclosure of Parent Assets:

Students can also show the financial sources of the parents to get the visa. But these sources must assure that parents can pay the applicant’s living and educational expenses in Germany. Mostly in the case of Pakistani and Indian students, they work with blocked accounts, not alone. If you want to show the parents’ financial sources as financial support, you also have to provide a letter of the affidavit.

5. Bank Loan:

Unfortunately, bank loans or loan letters do not work for the German student visa. Many countries like Australia, accept loan letters but not Germany. So don’t use this.

FAQs about financing to study in Germany:

Can international students get BAfög?

No, international students have no legal claims to get BAfög -funding.

How much money do I need to study in Germany?

International students need approximately 5,000 euros per year to study in Germany. They need this amount for both educational and living expenses.

Related Article

No Related Article

0 Comments

Leave a Comment