Studies aborted: tips for financing a livelihood

Sometimes the termination of a study is inevitable, for example because the field of study does not fit or the career aspiration changes. In addition to questions about how students envisage their further careers and which universities are eligible for a change of course, the financial situation has to be clarified:

 

  • What about Bank and other cash benefits?
  • Which repayments are required?
  • Can a second study be re-sponsored after graduation?
  • What about the justification of the change of subject and from when does the Bank office have to be informed?

 

Questions about questions that even the most experienced student usually can not answer immediately. This guide is used to clarify the financial issues of a change of study. It shows the most important steps and explains which benefits are granted during the second degree program and which are not.

Bank and student loan after dropout

Bank and student loan after dropout

Graduation canceled: How long does the student Bank receive after leaving the university?

The Bank 53 sentence 1 no. 2 stipulates that Bank’s claim ends from the month in which the decision to drop out of studies is made. Even if the discipline changes, but the new course is not started immediately, the law will apply.

If you do not want to leave at the end of the month because you want to keep your student status, then the Bank Office must continue the period of approval. Depending on your earnings, this can lead to a repayment obligation until the time of the termination notice .

Does the Bank office have to be notified of the demolition?

As soon as it is certain that the university will be vacated or the degree program changed, the report will be displayed at the Bank office . A late notification may result in a repayment obligation. The following steps must be followed if a student wants to end his studies unscheduled.

  • Decision for discontinuation of study
  • De-registration at the university
  • Notification to the Bank office with proof of de-registration

What effects does the discontinuation of the study have on the repayment of the student loan and the Bank?

What effects does the discontinuation of the study have on the repayment of the student loan and the Bank?

Many students are afraid that they will have to repay immediately the full subsidy amount if they drop out of university. Those who have to pay tuition fees have to pay a considerable amount over a longer study period. Regardless of whether the study is terminated or canceled, only the loan share is repayable. The repayment of the Bank is due five years after completion of the study period. The Federal Office of Administration informs ex-students half a year before the repayment due date. It is possible to apply for a provision if the income is insufficient at this time. The Federal Office of Administration must be informed about changes of address, otherwise the address has to be determined.

Note A student loan granted by a bank is subject to stricter rules. If the study is terminated, the repayment usually has to be done quickly . Banks are not accommodating and demand reimbursement without taking into account the ex-student’s financial situation.

Can Bank or a student loan be applied for repeatedly when starting a new study?

Can Bank or a student loan be applied for repeatedly when starting a new study?

It is possible for a new study, after a drop out, to receive Bank. Even if the field of study has been changed, services can be requested. But there are some conditions to fulfill.

The change of discipline must have taken place after the third semester. There must also be an important reason. If the change takes place after the second semester in the bachelor’s degree program, there is an important reason for a good reason and no written explanation is required.

The new study program will be funded, but the already used semester will be credited. Part of the standard period of study is then supported by an interest-bearing loan. If the change of course is carried out for an unavoidable reason , this rule does not apply and Bank will be granted until the end. Undeniable reasons are mental and physical illnesses or new disabilities.

The change in the master’s program is much more difficult . Only if there is an unavoidable reason, there is a chance for further funding. Otherwise, all benefits will be credited to the new Master.

Note A student loan can be re-applied if a second degree course is planned. An incomplete degree is considered unfinished. Thus, the new study is considered as a first degree. Student loans are intended, among other things, to support students who, for various reasons, no longer receive Bank or need financial help.

Can the scholarship be kept?

Can the scholarship be kept?

There is no flat-rate regulation on the repayment of scholarships. The scholarship is awarded by a foundation and is linked to benefits . Some foundations have contracted that payments made need not be reimbursed. If there is a clause in the contract stating that a reimbursement is required if the service has not been provided, the money will be reclaimed.

Financing options and government grants

Is it possible to continue working as a student assistant?

Is it possible to continue working as a student assistant?

Many students go along with studying for a second job. These include the popular activities as a student assistant, who have to pay attention to a wage limit as a student. These jobs are reserved exclusively for students who can present a valid enrollment certificate . The submission at the beginning of the activity is not sufficient, each semester a new certificate must be submitted.

If the study is terminated, the activity as a student assistant can not be continued because no enrollment certificate is available. The exception is the change of degree program : The change of degree programs does not matter, because a new enrollment takes place.

Continuing to work student jobs depends on the goodwill of the employer. It is necessary to inform them immediately about the exmatriculation , as the amount of the social security contributions changes. There are contracts that bind the execution of the job to a valid enrollment. However, there are also employees who want to keep a working student and continue to employ him as an employee.

Is it possible to do the previous part-time job without studying?

Is it possible to do the previous part-time job without studying?

If you’re a student doing a 450-euro job or a part-time job, you do not need to worry about being dismissed after you’ve been de-registered . These jobs are not tied to the studies and can be continued after the demolition. In order to avoid any problems, the employer should nevertheless be informed about the dropout.

Who breaks off his studies, should know the rights and obligations regarding the Banks.

Is there a right to maintenance from the parents if you drop out?

Is there a right to maintenance from the parents if you drop out?

As a matter of principle, parents are obliged to provide maintenance to their children . This is valid until the 18th birthday and is extended by taking up an apprenticeship or a degree course. The basic requirement is the capacity of the parents . If the study is terminated, the student loses the maintenance claim. He is therefore responsible for his own livelihood.

It is possible that the parents are obliged to finance another study. This means that the parents have to pay again as soon as a new study is started . The possibly free period between two studies can only be subsidized by the parents on a case-by-case basis. Whether this is the case is decided individually according to the situation. As a general rule, dropouts are required to take care of their own livelihood. They are required to accept jobs, even if they do not match the level of education.

As a maintenance debtor, parents can decide for themselves how their livelihood will be subsidized. Cash payments are possible as well as the offer of free food and lodging. Despite possible friction, the respectful interaction between parents and children is of great importance to prevent quarrels about maintenance issues. Under what circumstances a claim to the parent-independent student loan depends on various criteria.

Married students do not have a maintenance claim against their parents because the spouse is under maintenance obligation.

Is there a right to ALG II after termination of studies?

Students who still have a job after dropping out can apply for housing allowance as a supplement if their livelihood is not assured. Students without a job or with a job who do not have enough salary despite housing allowance are entitled to ALG II . The application must be submitted to the responsible job center.

Whether and to what extent benefits are granted by the Employment Agency depends on the living situation . The income of persons living with the dropouts in a household community can be counted. This does not apply to roommates in a student flat, because it is assumed that a special purpose community.

tip If a new course of study or vocational training is started, the entitlement to ALG II has expired. The reason for this is that study and training can be supported with Bank or BAB. Thus, trainees have the opportunity to receive financial support during the training. For the decision, it does not matter if the actual claim to Bank was forfeited. In hardship cases, ALG II can be granted as a loan to secure a livelihood.

Which other grants can be applied for?

Which other grants can be applied for?

If the study is terminated, it is possible to receive housing benefit . This is granted if there is no proven entitlement to Bank . This is the case, for example, if the subject was changed too late or for no good reason. Before the application for housing benefit is made, an application must be filed for Bank. The application for housing allowance must be accompanied by proof that no Bank subsidy is possible.

Does the student have a claim to child benefit after leaving university?

Does the student have a claim to child benefit after leaving university?

Young people under the age of 25 are entitled to child benefits if they are in education, studying or demonstrably seeking education. The right to child benefit during the study exists in principle. After the termination of studies, child benefit can continue to be paid if the transitional period lasts no longer than four months until the next study. This period may exceptionally be extended if a place already exists, but this can only be started later. This is the case, for example, if the beginning of the semester is later. If no further studies are planned, the child benefit will end in the month in which the exmatriculation was carried out.

tip The parents are entitled to child allowance, but a declaration of assignment can be made so that the child receives his own child benefit. Whether the child allowance is granted after dropping out depends on various factors.

Which credit options are available?

Until potential applications have been made or a job has been found, time passes which can be financially scarce for the ex-student. In this emergency situation, our credit can help for 30 days. The payment can take place within 60 minutes on request and reliably bridges a bottleneck . New customers can apply for up to € 500 for a period of 30 days. Depending on the situation, it is possible to extend the term. This increases flexibility and eliminates the financial pressure of bridging an incomeless period.

What other funding options exist after dropping out?

What other funding options exist after dropping out?

Even if further studies are planned, a period of unemployment must be bridged. If it is no longer desirable to study, many students apply for a job full time. The advantage is a regular salary and social security . If you are looking for a job for a short period of time, short-term part-time jobs or jobs that can be completed during your further studies are suitable.

Training courses are a great way to bridge a gap between the end of one and the beginning of your next degree. If you want to learn a profession, you can try to find a training place after graduation.

Special cases and insurance in case of drop-out

Special cases and insurance in case of drop-out

How is financing designed after discontinuation due to illness or pregnancy?

If study at the university has to be stopped due to illness or pregnancy, Bank can continue to be obtained for a period of three months. The subscription ends at the end of the 3rd month. The month in which the change occurred is fully funded . The student is required to provide evidence of his reasons for prevention.

If the study has to be interrupted for more than three months, a leave of absence is necessary . This leave of absence is considered an official interruption of studies and terminates the claim to Bank. A repayment of the above three months is not required, even if the sick leave is issued retroactively for this period. The student on leave has the possibility to apply for ALG II. It should be noted that the right to ALG II applies from the month the application was made.

How are the health insurance contributions organized?

How are the health insurance contributions organized?

How it goes with the health insurance after the de-registration depends on the type of insurance. Private insured students usually have no impact. An exception is when half of the insurance comes from the parents’ official allowance. This half falls away after graduation, the student has to pay for the difference.

With the discontinuation of the study , the statutory compulsory insurance is omitted . Students who have been insured through their parents or as a student until their exmatriculation automatically receive the status of voluntary, statutory health insurance. With the status change, the costs change. The lowest health insurance contribution was € 135.57 in 2016 and is calculated on the basis of a notional income. This is set at 1,000 euros and applies if the student does not have his own income. In addition, fees for long-term care insurance must be paid.

The study termination must be communicated to the health insurance company immediately. From this period, the student has the option to withdraw from his health insurance for 14 days. This is possible if proof of another insurance option is provided.

If a new study is accepted, the student remains in his old insurance. When taking a job subject to social insurance, the insurance is provided by the health insurance company. The purchase of ALG II includes health insurance through the Jobcenter . Young people under the age of 23 can stay in family insurance, even if they are unemployed.

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