Financing your studies

Students in Germany have an average budget of 800 euros per month at their disposal for financing their living expenses. The money comes from their parents, is earned through part-time jobs or is covered by the German state student grant or loan (BAföG). Only a small percentage of students receive a scholarship. Students are generally unable to save much money because they need nearly all of their 800 euros per month to cover their costs. The biggest expense is accommodation.

Average monthly expenses

Rent including additional costs298 Euro
Food165 Euro
Clothing52 Euro
Learning materials30 Euro
Car and/or public transport82 Euro
Health insurance, medical costs, medicines66 Euro
Telephone, internet, radio and TV license fees, postage33 Euro
Leisure, culture, sport68 Euro

Source: 20th Social Survey of the German National Association for Student Affairs