To study in Germany, international students from non-European Union (EU) countries need to demonstrate they have sufficient financial resources to cover their living expenses. According to the latest requirements, effective from September 1st, 2024, students need to deposit EUR11,904 annually or EUR992 monthly into a blocked account. This special type of bank account restricts the amount of money that can be withdrawn each month, ensuring that students maintain a consistent budget throughout the year. This measure is intended to help students manage their finances effectively during their stay.
The blocked account is a commonly accepted method by German authorities to confirm that international students have the necessary funds to support themselves. This financial proof is a critical component of the student visa application process. The funds in the blocked account ensure that students can cover their essential expenses, including accommodation, food, transportation, health insurance, and other day-to-day costs.
For students who are planning to undertake training or apprenticeships, the financial requirements are slightly higher. These students must show they have ten percent more than the standard amount, totaling EUR13,094.40 annually. This higher amount reflects additional costs associated with training programs and apprenticeships, which often require more resources.
In addition to proving financial resources through the blocked account, international students in Germany are allowed to work to supplement their income. They can work up to 280 half days or 140 full days per year. This flexibility allows students to earn some extra money to cover additional expenses or save for unforeseen costs. However, balancing work and study commitments requires careful time management to ensure academic performance is not adversely impacted.
It’s crucial for students planning to study in Germany to start the financial planning process well in advance. Opening a blocked account and ensuring it is adequately funded can be a time-consuming process. Students should also explore scholarship opportunities and financial aid options available to international students in Germany, which can provide additional financial support.
Completing the financial requirements is a vital step in the student visa application process. By demonstrating they have sufficient funds to sustain themselves, students can focus on their academic and personal development without constant financial stress. This financial security contributes to making Germany a favorable and welcoming destination for international students, known for its high-quality education system and vibrant cultural experiences.
For more details on the current financial requirements and the process of setting up a blocked account, you can refer to the suggested reading: How much money do international students need to study in Germany
