Financing | HSBA

Financing

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Course Fees and Funding

The course fees at the beginning of the 2019 academic year amount to EUR 630 per month. The companies generally pay most of the course fees, at least if the student remains with the company after finishing his/her degree. It is not unusual for the agreement to contain a clause that specifies that the student must stay on in the company for a certain period. In addition, students generally receive traineeship remuneration, the amount of which depends on the industry and company in question.

Duty to pay Social Security

The Bundestag (Lower House of the German Parliament) has made preparations to reintroduce a duty to pay social security for dual bachelor's degrees from January 2012. For HSBA students, this means that they may have to be insured through their companies again after January 2012. You can get more information from your health insurance provider.

Student Loans and BAFÖG

Students can also apply for student loans or BAföG funding. In principle, HSBA students are entitled to BAföG funding. However, it is necessary to check whether the permissible income limits are already exceeded by the remuneration paid by the partner companies. All important information needed to apply for BAföG funding can be found at: das-neue-bafoeg.de or BAföG Aktuell. You can also apply online. For any queries, contact the office for financial support responsible (Studierendenwerk Hamburg student services). 

To ensure that every prospective student who meets HSBA's acceptance criteria can pay for living expenses and his/her share of the course fees, even in exceptional situations, the following banks offer savings loans at particularly favourable rates: 

  • Commerzbank, contact person: Ms. Prause, Tel. ­+49 (0)40 - 36 83 - 27 50 
  • Deutsche Bank, contact person: Ms. Dill, Tel. ­+49 (0)40 - 450 13 523 
  • Hamburger Sparkasse, contact person: see branch directory, Tel. +49 (0)40 - 3579 - 0 

Further information you can find at www.studienkredit.de and the CHE student loan test 2012 (in German)

Germany Scholarships

HSBA awards Germany Scholarships. The scholarships are awarded based on performance and amount to EUR 300 monthly. 50% stems from public funding from the German government and 50% from the university's own private funding. 

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