Hochschule für nachhaltige Entwicklung Eberswalde
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Financing

Proof of financial resources

When applying for your visa, you must prove you are able to finance your studies in Germany. At least the living expenses for your first year in Germany must be fully covered.In most cases, applicants must prove that they have around 10,332 euros (since 01.01.2021) at their disposal for one year. This is the assumed annual standard requirement that must be paid into a blocked account when applying for a visa. The German embassy in your home country will provide further and BINDING information on the proof that need to be provided. Depending on your situation, following options of finance are possible:

  • proof of parents' income and assets
  • Personal savings secured on a blocked account (Sperrkonto) from which you will have a limited monthly withdrawal of 861 €
  • the Foreigners' Registration Offices receives confirmation that someone whose place of residence is in Germany commits to assume the costs for you
  • Scholarship from a recognised scholarship foundation
  • Sponsorship: a declaration from a company, an organization or private individual (resident in Germany), agreeing to cover all costs during your studies

How much money do I need?

The exact living expenses depend on your lifestyle and on where you decide to live, in Eberswalde or Berlin. Here you find a short list to orientate yourself:


 Monthly expenses

rent, food, health insurance, medical fees, clothing, books and entertainment

 approx. 600 – 800 €
 Semester feeincluding administration fees, semester ticket for public transport approx. 310 € per semester


Important notice: depending on your bank institute, you may not be able to access your money immediately after arriving in Germany. Please make sure to have about 600 € cash to be able to pay initial costs, such as rent, food and enrolment.


Financing options

If you want to supplement your studies you can take a side job. There are legal regulations which stipulate how long international students are allowed to work. The rules vary depending on your country of origin. A side job can increase your budget, but it's very hard to fund your entire living costs this way. It is therefore a good idea to apply for a scholarship .

The extensive DAAD scholarship database for foreign students, graduates and academics offers a range of scholarships and additional information to help them with their application.