They developed a reversed generational contract. Students who are working and repaying their loans are financing their successors loans. 1 - Pay as you go. Students pay between DM 495 and DM 550 a month each Semester up to a ceiling of DM 29 7000. Scheme 2 - Repayment according to income.
Tuition is paid after completing the course of studies and once the students start having an income.
The repayment period lasts a maximum of 8 years or until a ceiling of DM 45000 has been reached. Scheme 3 - Mixed method. Half of the fixed amount is paid in monthly installments over a period of 9 semesters, the rest is paid as in Scheme 2. Yet there are 25 students who are being sponsored by the Studienstiftung des Deutschen Volkes, the most prestigious German scholarship-granting organization, a total number which is not reached at many big state universities. Economics and Management take first place.