BAföG-Reform - 10 things to know with detail
- 1. Increase in funding: The BAföG-Reform aims to increase the amount of funding available to students through the Federal Training Assistance Act (BAföG) in order to better support them financially during their studies.
- 2. Expansion of eligibility criteria: The reform seeks to expand the eligibility criteria for BAföG to ensure that more students are able to receive financial assistance, including students from low-income families and those with disabilities.
- 3. Higher living allowance: The reform includes an increase in the living allowance provided to students, which is intended to cover basic living expenses such as rent, food, and transportation.
- 4. Longer funding period: The BAföG-Reform proposes extending the maximum funding period for students, allowing them to receive financial assistance for a longer period of time in order to complete their studies.
- 5. Simplification of application process: The reform aims to simplify the application process for BAföG in order to make it easier for students to apply for and receive financial assistance.
- 6. Monthly disbursements: Under the reform, BAföG payments will be disbursed on a monthly basis, providing students with a more stable source of income throughout the year.
- 7. Increase in loan amounts: The reform includes an increase in the maximum loan amounts available to students through the KfW student loan program, allowing students to borrow more money if needed.
- 8. Support for part-time students: The BAföG-Reform includes provisions to support part-time students, including those who are working while studying, in order to help them balance their academic and financial responsibilities.
- 9. Inclusion of international students: The reform seeks to include international students in the BAföG program, providing them with financial assistance to help cover the costs of studying in Germany.
- 10. Implementation timeline: The BAföG-Reform is expected to be implemented in stages over the next few years, with changes to funding amounts, eligibility criteria, and application processes gradually taking effect.