Graduation loans from the Studentenwerk
- Application has to be formal
- Payment usually in monthly installments
- Has to be vouched for by a citizen
- who has permanent residency in Germany
- who is not under 25 and not older than 60
- who has a sufficient income, which can be proven by a recent income statement not older than 2 months
- signatures on the certificate of debt have to be certified by an civil service office that is authorized to certify documents
- 1% of the loan will be kept when paid out to cover administrative costs