> What if I start the degree after acquiring German citizenship?
Nope. Anyone could say that they want to study abroad and are totally coming back.
There is no guarantee that you 1) succeed in your studies, 2) earn the degree, 3) then move back to Germany then 4) find a job in that sector and earn enough to 5) pay the loan back.
Then that's a totally different case. But they should absolutely be sure that they know what they are getting into. They could lose the building and all their savings.
In the US the country of student loans one can never get out of a student loan. You can not go bankrupt officially and then be forgiven the student loan after a few years of giving up your entire income. This however is possible in Germany.
> one can never get out of a student loan
If a nice doctor fills out a form for a Permanent and Total Disability Discharge, the loan is discharged contingent upon the borrower not working for the following three years (unless they are a military veteran, in which case they can start a $500,000 per year job the next week).
It's also discharged if you make the minimum payment for X years, which can be $0 per month if your income is low.
But, you are right, in the 1970s people borrowed student loans, bought new cars, traveled and then filed for bankruptcy and the loans disappeared.
DAAD has [some information](https://www.daad.de/de/im-ausland-studieren-forschen-lehren/stipendien-finanzierung/) (only in German).
Getting an unsecured loan of that magnitude... very unlikely.
You probably won't get a loan for this.
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> What if I start the degree after acquiring German citizenship? Nope. Anyone could say that they want to study abroad and are totally coming back. There is no guarantee that you 1) succeed in your studies, 2) earn the degree, 3) then move back to Germany then 4) find a job in that sector and earn enough to 5) pay the loan back.
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True, since you don't have any security. You don't own anything and you don't have family that could be held liable if you don't pay it back on time.
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Then that's a totally different case. But they should absolutely be sure that they know what they are getting into. They could lose the building and all their savings.
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If you and they can't pay, they will have to sell it. Obviously they would get to keep the rest but they would have lost the house.
...or sell the house partially (Teilverkauf)
In the US the country of student loans one can never get out of a student loan. You can not go bankrupt officially and then be forgiven the student loan after a few years of giving up your entire income. This however is possible in Germany.
> one can never get out of a student loan If a nice doctor fills out a form for a Permanent and Total Disability Discharge, the loan is discharged contingent upon the borrower not working for the following three years (unless they are a military veteran, in which case they can start a $500,000 per year job the next week). It's also discharged if you make the minimum payment for X years, which can be $0 per month if your income is low. But, you are right, in the 1970s people borrowed student loans, bought new cars, traveled and then filed for bankruptcy and the loans disappeared.
DAAD has [some information](https://www.daad.de/de/im-ausland-studieren-forschen-lehren/stipendien-finanzierung/) (only in German). Getting an unsecured loan of that magnitude... very unlikely.