DAKA Loan

The Studierendenwerke in North-Rhine Westphalia run their own loan society (Darlehenskasse). DAKA is a non-profit organization. Students of RWTH Aachen, FH Aachen, Hochschule für Musik und Tanz Köln, location Aachen and Katholische Hochschule NRW, location Aachen apply for DAKA via Studierendenwerk Aachen.

Which amount is granted?

The loan is intended to help cover living and study expenses. During these phases an interest-free DAKA loan of 12 000 euros maximum can be granted. Only an administration fee (5 percent of the loan amount) has to be paid.

Who is eligible for the DAKA loan?

The following requirements must be met:

  • Enrolled at RWTH Aachen, FH Aachen, Hochschule für Musik und Tanz, location Aachen or Katholische Hochschule NRW, location Aachen
  • Exclusion of all other ways of financial help for students
  • Proof of financial hardship must be provided
  • Drawing up of an absolute guaranty, the guarantor must
    • have regular income
    • be of age
    • be a permanent resident of Germany.

In exceptional cases also a bank guarantee is possible.

There is no legal right to Daka loans. If funds are available and all requirements are met, the loan will be disbursed without bureaucratic procedures.

When does repayment start?

Repayment starts twelve months after imbursement of the whole loan amount. The monthly rate is at least 150 euros. The loan is interest-free if the loan holder repays according to the rules.

Advice and guidance in the Financial Department

Studierendenwerk Aachen
Amt für Ausbildungsförderung
Pontwall 3
52062 Aachen
bafoeg@stw.rwth-aachen.de

Contact us

Frau Pütz
Tel.: +49 241 80-93196
Fax: +49 241 80-93151
gabriele.puetz@stw.rwth-aachen.de

Visitor address:
Amt für Ausbildungsförderung
Turmstraße 3 / 52072 Aachen
Room A2.02

Postal address:
Studierendenwerk Aachen
Amt für Ausbildungsförderung
Pontwall 3 / 52062 Aachen

Consultation hours in the office (no telephone hours):

Tue. and Thur.    10 a.m.—1 p.m.
Wed.  1:30 p.m.—4 p.m.
as well as by appointment

Telephone hours:

Mon. 2 p.m.—4 p.m.
Wed. 9 a.m.—12:30 p.m.
Fri. 9 a.m.—1 p.m.