Education fund

Education funds are a type of student financing that differ from other types of financing such as BAföG and student loans based on the repayment modalities . A repayment is made depending on your income and only after you have successfully started your career.

Within an individually specified period of time, a pre-regulated percentage of the gross salary is paid back to the education fund. Education funds therefore offer a significantly lower risk of over-indebtedness and are limited by a maximum limit in repayment. In the case of persistent unemployment, no repayment has to be made.

In terms of providers, one can differentiate between institutional and private providers (companies or universities). In addition, various education funds offer additional services such as soft skill development, company contacts, or other training courses.

After they were developed in America in the 1990s, the principle of the education fund also came to Germany from the 2000s. There are two different forms of expression. Commercial, nationwide providers work with the intention of making a profit. On the other hand, there are university-owned (e.g. TU Munich) or interdisciplinary education funds (in the MINT area) that are offered out of social responsibility.

literature

• Peter Mertens, Dieter Ehrenberg, Peter Chamoni, Joachim Griese, Lutz Heinrich, Karl Kurb : S tudienführer Wirtschaftsinformatik: The subject, the course, the universities, the perspectives. Springer-Verlag 2009, ISBN 3-834-98057-9