Corona-crisis: thousands of students stand in front of a mountain of debt

In the Corona-crisis debt of thousands of students and state aid apply for loans. According to a Letter from the German Federal Ministry of education to the edu

Corona-crisis: thousands of students stand in front of a mountain of debt

In the Corona-crisis debt of thousands of students and state aid apply for loans. According to a Letter from the German Federal Ministry of education to the education Committee of the Bundestag.

Thus, were made in may, June and July, more than 22,000 applications for a study loan from the Kreditanstalt für Wiederaufbau (KfW) with a total volume of 641,6 million euros. Since may have to be paid for the KfW student loan, the there were even before the crisis, no interest. The Corona-aid measure and will apply until March 2021. Compared to April, there had been a significant increase in when applying for a loan, writes the Ministry.

"These worrying debt load many up to the end of your studies –and beyond –don't go," warned the higher education policy spokesperson for the Greens group in the Bundestag, Kai Gehring. Minister of education, Anja Karliczek (CDU) will send tens of thousands of students-seeing eye in the Bust or termination of the trial.

Updated Date: 31 July 2020, 06:20

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