The DAAD Scholarship provides €934 per month for Master’s students and €1,300 per month for Ph.D. students. In addition to the monthly stipend, it also includes travel allowance, health insurance coverage, and study or research support. This financial assistance helps students cover expenses such as rent, food, transportation, and academic materials. The exact benefits may vary depending on the program. Since it offers strong financial support, the DAAD Scholarship is highly competitive.