The acquisition of a doctorate is considered a doctorate. In most cases, this is followed by a degree, some universities also continue to offer undergraduate doctoral studies for selected courses.
Are student loans also valid for a doctorate?
Whether a student loan is also suitable as a loan for a doctorate depends on the award criteria of the respective credit institution. Many banks require a first degree to grant their loans to students, so that they only promote a doctorate if it is an undergraduate degree. Cream Bank, as a nationwide promotional bank, also gives its student loan for a doctorate, provided the applicant has not already received a loan for fourteen semesters. The maximum amount for Cream Bank credit for doctoral studies is 650 dollars per month, so most doctoral students need another source of income.
The advantage of a promotional loan for a doctorate is that repayment only begins after you have earned your doctorate. In addition, like most other banks that pay student loans, KfW does not require any special loan collateral for a doctoral loan, but evaluates the income to be achieved later as a sufficient guarantee for loan repayment. The extent to which Credit Bureau negative entries affect the lending for the promotion depends on the award criteria of the chosen bank. Cream Bank makes a Credit Bureau request, but only evaluates an applied personal bankruptcy and no other negative features as an obstacle to the granting of the loan.
Most universities offer the possibility to apply for a doctorate loan at least during the last phase. At almost every university, the limited funding available for lending means that a commission consisting of professors and students deals with the individual applications and often makes decisions based on the interest in the topic of the doctoral thesis rather than on scientific aspects. At some universities, a guarantor is also required when applying for a doctorate loan.