Kenyans studying in Germany to get loans amid Covid-19 hardships - News Summed Up

Kenyans studying in Germany to get loans amid Covid-19 hardships


According to a survey conducted by Studying-in-Germany.org, 90 per cent of international students in Germany are financially affected because of the Covid-19 pandemic. WORK-STUDYAround two-thirds of students in Germany work while studying, while the number is even higher for international students, where three-quarters of them are financially dependent on their part-time jobs. INTEREST-FREE LOANAccording to the Federal Education Ministry, these students will have the chance to apply for an initially interest-free loan from KfW, German state-owned development bank. The Federal Education Ministry will also be providing the German National Association for Student Affairs (DSW) with a total of Sh12 billion (€100 million) for emergency funds in local student services. Dr Günther Bräunig, CEO of the KfW group, said that he is positive that the new measures will help all students who are financially affected by the coronavirus pandemic.


Source: Daily Nation June 16, 2020 09:45 UTC



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