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. 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 currently up to 21,000 Euros will not be called on for repayment. Even students who take more or less time than average to complete their studies make their repayment contribution over the defined period, without exception.

 

FIXED DIRECT PAYMENT

It is also possible to pay tuition while you attend the University of Witten/Herdecke. Students who elect this alternative make a set monthly payment for the duration of the regular time it takes to complete one’s studies. No further payment is required once the standard period of studies is finished since the monthly instalments 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 overtime in half. While students are studying at the university, they pay half the fixed amount in monthly instalments distributed over the time it usually takes to finish a course of study; after completion, they pay half of the calculated income-based percentage over the period defined for the later repayment.