Will my savings and parental sponsorship be sufficient along with the education loan in Germany for a Master's?
31 Jul 2026 · Answered by Neelam B · 1 min read
Yes, combining your personal savings, parental sponsorship, and an education loan is typically sufficient to cover the main costs of studying in Germany for your master's program.
- Blocked account: For 2026, you'll need to deposit €11,904 in a blocked account, as required by the German government.
- Health insurance: Mandatory for all students, usually €140 - €160/month.
- Living expenses: The blocked account covers most living costs, but you should budget for any extras beyond this amount.
Using savings and parental support for the blocked account and insurance, and the loan for remaining or unexpected expenses, is a sound approach.
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