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29th August 2023

Student loan: your checklist and other important information!

Wherever you choose to study, you're automatically entitled to financial aid! You're wondering how to go about it, or how interest rates work if you take out a state-guaranteed student loan! Find out all about financial aid, deadlines, rates and the 100% digital solution for obtaining your student loan.

To do

First things first:

  • choose a university and enrol
  • find yourself a place to live (apartment, host family, flat-share or on campus)
  • make a bank guarantee for your apartment
  • establish a monthly budget: how much do you need to cover uni, rent and personal expenses?

Once you have chosen a university, registered and received confirmation of your registration, you can apply for a financial aid (grant and loan) through the Financial Aid Department:

Your application is made entirely online via MyGuichet.lu, even if you do not have a LuxTrust product or an electronic identity card (eID).

Watch out: the deadlines are 30 November for the winter semester and 30 April for the summer semester!

Have you received your letter of approval (yellow letter) from the Financial Aid Department? Great, you can now connect to your S-Net Mobile to release your state-guaranteed student loan instalment through Spuerkeess.

How can I obtain my state-guaranteed student loan via S-Net Mobile?

Discover more

The student loan and the Spuerkeess advantages

The state-guaranteed student base loan amounts, at this moment, to 6.500 euros (3.250 euros per semester). As the interest rate often changes, the Luxembourg government guarantees  a maximum interest rate of 2%. Meaning, for example, even if the  interest rate would go up, the government will take care of the difference!

Interest is calculated based on the total loan amount and is due every semester. You only need to begin repaying your student loan two years after completing your studies, but you can also do it earlier if you want. You have a total of ten years to repay the full amount.

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