You would like to go abroad but don't have the means right now? Scholarships and BAföG for stays abroad aren’t an option? Don't give up just yet. A small loan may help you to make your dream come true and you don't even have to run up high debts to do so.
You can apply for the low-interest student loan (only available in German) granted by the Federal Ministry of Education and Research (BMBF). It is paid irrespective of your parents’ income and can be used for example for studying abroad or for an internship abroad. In order to be granted the loan for studying abroad, you need to supply proof that at least part of the coursework and examinations completed abroad will be recognized by the University of Mannheim.
Another option are student loans (only available in German) granted by the KfW Group or other creditors and education funds (only available in German). Special conditions apply to the latter, as the interest payments are not based on the amount of the loan. Instead, a certain percentage will be deducted from your future gross salary for a certain period after the beginning of employment. That means that your salary determines how much you have to pay back. Applicants are pre-selected based on their potential for the enterprises involved.
More information and an objective assessment of these student loans and other options can be found on the website of the Studierendenwerk (onlya available in German) as well as in the student loan ranking of the Centre for Higher Education (CHE) (only available in German).
If you have any questions regarding your stay abroad, here you can find the respective competent contact person at your school. They will advise you on any study-related aspects of your stay abroad, including the question of when a stay abroad can be best integrated in your degree program.