Whenever you start studying at a university, you have to keep an eye on monthly expenses. The costs for studying at the University of Potsdam are comprised of semester fees and the cost of living. Monthly financial expenses vary among students depending upon your personal circumstances and standards. This page presents a few guidelines that should make financial planning easier for prospective students.
The most important factor when making a financial plan is housing. The Potsdam Association for Student Affairs offers residential housing for Bachelor and Master students that is comparatively affordable for the Potsdam area. They are available as partially or fully furnished units. If you want to have your own apartment, you will have to anticipate higher costs. Furnishing a new apartment involves costs that are not included in this estimate. Apartment-sharing communities (WGs) are usually an affordable alternative that fall somewhere in the middle of the price spectrum. Such arrangements often involve the need for new purchases, though.
The following values are to be understood as guidelines. They are based on information from various sources published since 2018. The values reflect the average cost of living of students at the University of Potsdam who live in a shared apartment in Potsdam but still have statutory health insurance with their family (i.e., are under 25 years old). Values may vary depending on standard of living and personal needs. Please note that contributions for students taking out their own health insurance have increased (currently EUR76.85 + additional contribution required by the respective health insurance company). Health insurance contributions can therefore reach up to EUR112 per month.
|Rent including utilities (Potsdam area)||370|
|Public transportation||included in semester fees (the semester ticket is for the Berlin-Brandenburg transportation region, VBB)|
|Health insurance, medical expenses, medications||110|
|Communication (telephone, internet and more)||31|
|Leisure time, culture and sports||61|
|Semester fee at the University of Potsdam (currently a total of € 304)||51|
Source: Study in Germany
Prospective students who are planning on using German financial aid (BAföG) should note that € 325 is the maximum rental cost considered as necessary. This will not fully cover the average rental costs for the Potsdam area. This standard amount can vary depending on whether the applicant is eligible for independant BAföG (not parentally dependent).
You should also expect higher food costs; up to € 200 a month may be realistic. If you have a car, you must also plan for additional expenses for car taxes, insurance and fuel. Expenses for learning materials can vary greatly depending on the subjects you study. You ask about general rules of thumb at your Departmental Student Representative Committee (Fachschaft) or in your departmental advisory office.
The monthly expenses overall, per student, can vary between €600 and €1,100. Extraordinary expenses, such as buying a computer or paying for student excursions, are not included in the budget example.