INCOME-RELATED REPAYMENT AFTER GRADUATION

In principle, no one has to pay while they are still at university. Students may make their financial contribution after they finish school, depending on their income and over a clearly defined period of time. The basis of the assessment is a person’s gross income less work-related deductions and a fixed pension plan rate as determined by the German Federal Training Assistance Act (BAföG). Payment will be made up to a contractually set maximum limit. An annual income of up to 21,000 Euros will not be called on for repayment. Even students who take more or less time than normal to complete their studies make their repayment contribution over the defined period of time, without exception.

 

FIXED DIRECT PAYMENT

It is also possible to pay tuition while you are enrolled at the Universität Witten/Herdecke. Students who elect this alternative make a set monthly payment for the duration of the normal time it takes to complete one’s studies. No further payment is required once the normal period of studies is finished, since the monthly installments figure out to the exact fixed amount. What counts is not the number of semesters, but rather the respective fixed amount, as it is described in the concept of making financing contributions.

 

LATER PAYMENT BY HALVES

This variant combines both the ‘Income-related repayment after graduation’ and the ‘Fixed direct payment’ by cutting immediate payment and repayment over time in half. While students are at the University, they pay half the fixed amount in monthly installments distributed over the time it normally takes to finish a course of study; after completion, they pay half the calculated income-based percentage over the period of time defined for the later repayment.