Erasmus+ Master Degree Loans are EU-guaranteed loans with favourable pay-back terms that can help you finance a Master course in an Erasmus+ Programme country.

The scheme is designed to support postgraduate students and protect them from student hardship with social safeguards including:

• No need for collateral from students or parents, ensuring equality of access
• Favourable, better than market interest rates
• Pay-back terms that allow graduates up to two years to find work before beginning repayment.

Currently the scheme is available through banks in Spain and France, for outgoing students from both countries pursuing postgraduate study abroad and students from other Programme countries going to Spain or France for a Master course.

As more banks from around Europe join the scheme, more destinations for postgraduate study will become available. Some 20 to 25 banks are expected to join the scheme by 2020

It is however not possible to say when exactly any particular country might be covered because the agreements with banks and student loan agencies will be done gradually on a country by country basis.

To learn more click here.