Beware of inflated repayment sums!
I sought advice because I was offered a semester abroad and therefore had the contract sent to me. However, I agree with all the critical voices here. For an offer that advertises noble goals such as "promoting education for all", the interest rate in addition to an 8% surcharge on future income seems very high to me and quickly exceeds the value of the actual loan many times over. This cannot be glossed over with the nice idea of the "intergenerational contract", as it is often put forward here as justification. The business model sounds more like a good marketing strategy in a combination of "social washing". That is why it is a mystery to me how one can offer something like this to students in good conscience. I find it absolutely shameful how young (and often financially dependent and inexperienced) students are deliberately exploited here under the guise of a good cause. This contract should indeed be examined by a lawyer. And the worst conclusion for me when I read all these negative comments is that quite obviously not enough is being done politically in Germany to offer students quick and proper alternatives so that they don't walk straight into heavy student debt. In a more socially oriented world, there would be no need for such a company! This offer is morally highly questionable.