Financial Hardship Loans

Short time loans in the corona crisis (socialloan)

The Studierendenwerk Thüringen provides uncomplicated and quick help to students who are in financial distress through no fault of their own as a result of the Corona crisis. They can apply for an interest-free short-term loan up to a maximum of 800 euros, which will be granted as a social loan with the support of the universities during the pandemic.
Please note:
According to a decision of the Thuringian State Parliament, the Free State of Thuringia supports all borrowers with Corona financial aid by converting 50 percent of the loan amount into a grant. The students concerned will therefore only have to repay 50 percent of the amount borrowed. This also applies to students who have already signed a contract for a social loan for the full amount after April 1, 2020, and they will be informed accordingly by the Studierendenwerk Thüringen.

Applications should be made exclusively to asb@stw-thueringen.de. Please use the application form and sign it personally (no computer signature).

For the application are required (please submit as scan):

  • Copy of identity card, passport or residence permit
  • A current enrolment certificate
  • Proof of income and proof of assets (e.g. account statements of the last 60 days)
  • Direct debit authorization via SEPA direct debit. Please sign it personally (no computer signature)
  • Copy ID of the person guaranteeing/confirming the adress (no common address) and who has a residential address in Germany (please provide name, address, telephone number, e-mail address and a copy of the ID of this person)

Middle and Long Term Hardship Loans

The Studierendenwerk Thueringen can give out interest free loans for a maximum of 12 months out of their own resources and out of the resources of the German Studentenwerk. This possibility is intended for students in need, who without having any debt, have landed in a financial hardship which endangers their ability to continue their studies.

When filing the application of an upcoming hardship loan, the student needs to provide proof of their financial need in addition to the prospect of the long-term financing of their studies as well as the prospect of finishing their studies. Hardship loans are made to be a financial aid in temporary financial emergencies. They cannot be used as a replacement for a scholarship or another form of long-term financial support.

To apply for these loans you need to submit:

  • A current certificate of matriculation
  • Proof of income and proof of assets
  • A written declaration of one’s personal situation
  • A directly enforceable guarantee or banker’s guarantee
  • A bank account in the name of the applicant
  • A direct debit mandate

Further information can be found in the guidelines. You can also turn to our co-workers at the General Social Counseling, where you can file the application.

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