Construction costs are currently skyrocketing

Yes...18k are still outstanding. The interest rate is always fixed for six months. If they have raised it that drastically now, I have to assume it will go even higher.

I am sincerely sorry. It is so absurd that educators have to pay for their training and in the end don’t receive a pilot’s salary. Then such an interest rate increase given the shortage of educators... just one big shake of the head. :confused:

Thanks. I’m just so angry right now because I can’t think of a solution (at least not an adequate one). Just the thought that they might go up again in half a year. Then I’d be better off if I took out a consumer loan at 4.5% now and paid off the damn thing. If I had known, I would have done that back in June (I was expecting around 2 to 2.5%). Since 2020, by the way, the loan no longer has to be repaid.

.. I don't know much about the topic itself, but wouldn't there be places where you could possibly get a discount on the loan in terms of "comparability" etc.? Also considering that newer training probably doesn't require loans? Maybe it's worth doing a bit of googling.

I have already tried Google, but didn’t really find anything. I’m not sure if the Verbraucherzentrale could help. This would now be a case for Eap, but that hasn’t started with us yet.

Stupid situation, but the KfW is a normal bank, I wouldn’t expect goodwill there.
Especially since the argument is strange, I don’t get a discount from the general contractor just because interest rates are so high now, nor does my bank generously give me 10% off the amount for the follow-up financing.
I had to pay tuition fees back then, and when I was done they were abolished. That’s just how life sometimes is.

That the KfW adjusts the interest rates on such loans according to the market is stated somewhere in the contract or is known. In return, the interest rate is fairly favorable and you don’t pay any prepayment penalty.

No offense, but you can’t always just take advantages and when the tide turns everyone is mean and you hope someone will give you something for free or waive something.

I am truly sorry. It is so absurd that educators have to pay for their training and in the end do not receive a pilot's salary. Then another interest rate hike in view of the shortage of educators… one big head shake. :confused:

Oh yes, the irony. A wonderful stylistic device of the German language.