Sufficient Funds for Studying in Germany: The Real Cost
Applying for a student visa in Germany necessitates a certain level of financial stability. This article delves into the funding requirements for studying in Germany and provides practical advice to help international students navigate the complexities of securing the necessary funds.
Student Visa Requirements: Living Expenses and Blocked Accounts
To obtain a student visa for Germany, you must demonstrate that you have sufficient financial resources to support yourself during your studies. As of my last update, the minimum requirement is around €10,332 per year. This amount is intended to cover all living expenses, including accommodation, food, transportation, and other necessities. More often than not, this money must be shown in a blocked account (Sperrkonto) where it is not accessible to you until needed monthly.
It is important to note that while this figure is slightly over the €10,000 mark, it is still the prescribed amount needed to meet the visa requirements. This is not an excessive amount of financial freedom during the first year of your studies; it is meant to ensure that you can cover essential living costs until you can settle into a routine.
Evidence of Sufficient Financial Resources
After the first year, the requirements may be a bit more flexible. However, in most cases, you still need to secure an alternative source of substantial income, such as a part-time job or financial sponsorship, to show that you can cover the €800 monthly expenses. Germany is cautious about the risk of international students falling into poverty, so demonstrating a stable source of income is crucial.
Considerations Beyond Financial Requirements
Beyond the financial aspect, there are several practical considerations to keep in mind. The €830 per month allocated for rent in a university city is a significant amount. This is just one of many monthly expenses you will face, and it underscores the importance of thorough planning and budgeting.
Moreover, it's important to assess the broader context of studying in Germany. According to current immigration laws, Germany prioritizes asylum seekers and family reunification over highly skilled international students. Additionally, you cannot obtain citizenship as a student, unlike in countries such as Canada or Sweden. If you do not find employment in your field within 18 months of completing your studies, you will be required to return to your home country.
The period after your studies, without a job, can be particularly challenging. Unlike in other countries, where you may still retain some financial resources or find alternative employment opportunities, returning to your home country can be a daunting task.
For international students considering higher education in Germany, a thorough understanding of the financial and practical requirements is essential. Ensure that you have secured adequate funding and a viable plan to meet your living expenses throughout your studies. This not only ensures compliance with visa requirements but also helps you manage your financial situation effectively.
Furthermore, it is advisable to consult the latest requirements directly from the German consulate or embassy. Policies and amounts can change, and staying informed will help you prepare more effectively for your application process.