Student loans in Luxembourg

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How to finance high education with Aidefi ?

The Luxembourg government offers financial aid for your university studies in the form of:

1. Four grants that can be awarded individually and according to certain criteria:

The basic grant;
The social grant;
The mobility grant;
The family grant.

2. Help with the cost of your studies in the form of a tuition fee supplement.

3. The tuition fee supplement (up to EUR 3,800) may be granted as follows:

50% in the form of a grant;
50% in the form of a loan (if applied for).

Access to a special-rate student loan from an approved Luxembourg bank.

Scan the QR code in your mobile Web Banking Open an online account

Why take out an AideFi student loan online?

The State guarantees this student loan at a maximum interest rate of 2%;

The student loan comprises a basic loan of EUR 3,250 per semester and, depending on your situation, an additional amount for enrolment fees and a means-tested bonus;

Student loan repayments must begin within two years of your studies ending.

The repayment period can be spread over a maximum of 10 years;

You can take out the loan entirely online.

If you aren’t a client yet, open an account online today!

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How to apply for the student loan

State financial aid – AideFi

Apply online

at MyGuichet.lu

Receive the approval

with a QR code issued by the Financial Aid Department

Take out the loan

by scanning the QR code with your Web Banking app

Not yet a client? Open an account online

Find out more :

Simulate my financial aid

Submit my application for government financial aid for higher education

icone finance Finance your projects

You’ve received the approval notification issued by the Financial Aid Department?

BGL BNP Paribas client: Scan the QR code in Web Banking – AideFi student loan section – and take out the student loan online
Not yet a client? Open your student bank account online, activate Web Banking and scan your QR code

Our advisors are available on (+352) 42 42-2000, Monday to Friday from 8.00 am to 6.00 pm.

Scan the QR code in your mobile Web Banking Open an online account

What are the conditions for obtaining a student loan?

The loan is available to:

Luxembourg nationals and members of their family.
EU nationals who work in Luxembourg and members of their family.
Third country nationals who have lived in Luxembourg for at least five years, and who hold a Luxembourg school leaving certificate or equivalent qualification.

Other students and pupils may also be concerned.

See the prerequisites for any AideFI application

Check that my target course is eligible

Why choose BGL BNP Paribas?

In addition to the whole student loan process being entirely online, there are a number of other bonuses:

the Young People Pack for free;

unlimited current accounts in 11 currencies;

a VISA Debit card and an optional VISA Classic;

no foreign exchange fees for your card payments;

free cash withdrawals and electronic payments⁽⁴⁾;

a range of useful apps including Payconiq, Apple Pay, FitBit Pay and Garmin Pay;

access to the Web Banking app and all its features;

a rental guarantee of up to €5,000⁽¹⁾, meaning you won’t have to pay a security deposit up front to rent in Luxembourg;

a EUR 5,000 interest-free advance⁽¹⁾⁽²⁾;

OptiStudent insurance with Europ Assistance, which includes 24/7 assistance in the event of illness, accident or hospitalisation, over five years;

preferential rates on your savings account;

Rental guarantee without a deposit!

If you’re renting, your landlord will probably require a rental guarantee (generally equal to three months’ rent). We can provide you with a rental guarantee without a security deposit⁽¹⁾!

This way, if the owner claims compensation from you, you’ll only be required to pay for the actual cost of the repairs. Valid throughout the European Union!

Find out more about rental guarantees

A EUR 5,000 interest-free advance? I’ll take it!

Mary has decided to go to university in Luxembourg. She’s received the state-guaranteed student loan (AideFi) letter of acceptance.

She also gets an interest-free advance of EUR 5,000 from BGL BNP Paribas⁽¹⁾⁽²⁾to help with the cost of settling in while she waits for the first disbursement of her state-funded student loan.

She’ll pay back the advance with no extra fees once her state-guaranteed student loan (AideFi) becomes available.

Student insurance to cover any unforeseen circumstances

OptiStudent is insurance coverage⁽⁴⁾ available with all state-guaranteed student loans (AideFi), with our partner Europ Assistance. Exclusive to BGL BNP Paribas! It guarantees you:

free insurance for five years,
24/7 assistance in the event of illness, accident or hospitalisation,
coverage of basic necessities⁽⁵⁾ if your luggage has been delayed for eight hours or more.

You’ve received the approval notification issued by the Financial Aid Department?

Summary

BGL BNP Paribas client

Scan the QR code in Web Banking – AideFi student loan section – and take out the student loan online

Not yet a client?

Open your student bank account online, activate Web Banking and scan your QR code

Opening a bank account

Don’t miss the deadlines

An application must be submitted for each semester!

Deadlines for the 2024-2025 academic year:

Winter semester: 1 August 2024 to 30 November 2024
Summer semester: 2 January 2025 to 30 April 2025
Plus enrolment fees: 2 May 2025 to 31 July 2025

Non-resident students who would like to apply for AideFi must also submit a request for financial aid in their country of residence (Crous, student grant, BAFöG, etc.). Please submit this request as early as possible.

The official response (positive or negative) from the competent authorities in your country of residence is needed to obtain AideFi. Make sure you don’t miss the deadlines in your country of residence or Luxembourg; you may add to your application after sending it to the Financial Aid Department, provided the deadline has not passed.

You’re not eligible for a government loan, or you want a student loan on top of your government student loan?

BGL BNP Paribas offers loans for higher or postgraduate education⁽¹⁾.

Whatever your plans are, we offer a customised fixed-rate loan, with regular monthly payments and a flexible repayment plan:

higher education loan for undergraduate and graduate studies (including at the University of Luxembourg) and non-university tertiary studies,
postgraduate loan: for postgraduate studies, MBA, PhD, etc...

Frequently asked questions

How can I find out how much I can borrow under a state-guaranteed student loan (AideFi)?

You’ll need to apply for financial assistance for each semester and attach the requested documents. Once your application has been assessed by the Luxembourg Ministry of Higher Education and Research (MESR), you’ll be informed of the amount you may claim.
Can I postpone my repayment period if I need a loan for postgraduate studies?

Your advisor will assess your situation and find the best way of financing your studies. Together, you’ll draw up a new repayment plan. Please feel free to discuss these matters with your advisor. They’ll help you pursue your studies with total peace of mind.
Can I secure a rental guarantee for a property in France?

Yes, you can set up a rental guarantee for a property in France. You can use the rental guarantee anywhere in the European Union. To unblock it, your landlords will need to send a letter to the bank confirming that there has been no damage to the property. The guarantee can then be released.

⁽¹⁾ Offer subject to terms and conditions and approval of your application by the bank.
⁽²⁾ This advance must be paid back as soon as you receive the state-guaranteed student loan (AideFi).
⁽³⁾ Excluding foreign exchange fees..
⁽⁴⁾Terms and conditions are available at your local branch.
⁽⁵⁾ Up to EUR 250 maximum