Vocational training assistance (Berufsausbildungsbeihilfe, BAB) from the Federal Employment Agency may be available to help cover living costs during in-company initial vocational training. Eligibility depends, among other things, on whether the training takes place in a company or outside one, whether you need your own household, and the amount of your own income and, where applicable, your parents’ or partner’s income. For school-based vocational training, student BAföG may be available depending on the type of school and your circumstances; dual in-company training is generally not covered. An education loan is a separate form of financing and is not a general entitlement. Before signing, compare the interest rate, fees, repayment start date, and monthly instalment with your expected income after training. If you may be eligible for support, also check whether applying for a loan affects it and which assistance should be used first.
Interest-free financing before vocational training in Germany
An education loan is not a usual way to finance dual initial vocational training in Germany. It is typically intended for people at a later stage of training or in higher education and must be repaid.
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Take out an education loan only if it covers a remaining funding gap and the repayments fit your planned income. First check whether vocational training assistance or, for school-based training, student BAföG may be available so you do not overlook more suitable support.