Germany requires you to provide proof of financial resources (known as “Finanzierungsnachweis”) to make sure you can cover the costs of studying and living in Germany, so you can get a German student visa or residence permit.

Many students are confused about this as the requirements are different depending on where they come from and how they plan to fund their studies. As of 2018, you need a minimum of €8,640 (or €720 per month) to be able to study in Germany. This amount is updated every year, so make sure you bookmark this page for future reference.