Since the 2010/2011 winter semester, the University of Lübeck has been offering micro-financing as part of the Studienfonds gGmbH. The aim is to support students in closing financial gaps during their studies without exposing them to a high risk of debt.
The micro-grant is intended to help students continue their studies without unnecessary interruptions or delays.
Sponsored students undertake to make an income-related repayment to the study fund after successfully completing their studies. The amount of the contribution depends on the income earned and the degree obtained.
This creates a system of solidarity: those who earn more later on pay back a little more, thus enabling further students to be supported.
The amount of the micro-grant is €250 per month and is initially granted for one year. An application for extension is possible.
The repayment modalities are set out in a funding agreement.
In the event of a student dropping out, the grant is converted into a fixed sum repayable over several years.
Further information on the funding guidelines can be found here.
The following documents must be enclosed with the application:
- Curriculum vitae in tabular form
- Letter of motivation