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Germany goes even further. They also waive part of the loan if you graduate within the regular number of semesters, with a high enough grade or if you repay ear
by the8472 8y ago
Germany goes even further. They also waive part of the loan if you graduate within the regular number of semesters, with a high enough grade or if you repay early. Additionally it is interest-free unless you're late with payments.
- Mirioron 8y agoEstonia goes even further than that. University is free as long as you don't fall behind (too much) in the curriculum.
- the8472 8y agoUniversity is mostly free in germany too (there's an administrative fee of ~200€ per semester). Those loans are just to cover living expenses so that everyone has a chance to study even when parents can't provide support.
- lb1lf 8y agoOops - forgot about that part. We do that as well - I believe up to 40% is waived (on a per-term basis) if you pass all your finals that term.
- wink 8y agoInteresting, that's something I didn't know. Wouldn't have helped or motivated me to do this even if it had been possible :P But I'm not sure which student loans you're talking about, but back when I was studying BAföG was a different beast. You usually don't get much and it all depends on your parents' income and in general I found the bureaucracy very... annoying, because my case worker was extremely incompetent, had to hand in stuff twice all the time, had to point out errors in all the calculations and every time I was there I only heard complaints how my case was so complicated.. That said, it's a good thing and if you find any decent job you shouldn't have too many problems paying it off very soon without a lot of interest payments. (But I also had to pay fees for a few semesters back then, I think they're mostly gone again now...)