Erasmus+ Master Loans allow students to apply for financial support for their Master's studies abroad. Loans will be offered by participating banks and student loan agencies on favorable conditions to mobile students, including better than market interest rates and up to two years to allow graduates to get into a job before beginning repayment
The loan scheme is being established in cooperation with the European Investment Fund (Part of the EIB Group) and will be gradually rolled out across the Erasmus+ programme countries over the first few years of the programme.
Who can apply?
Higher education students who have been accepted for a full Master's study programme in another Erasmus+ Programme Country can apply for a loan to contribute to their costs.
Your destination country must be different from your country of residence and from the country where you obtained your Bachelor's degree.
How much can be borrowed?
Up to €12,000 for a one-year Master's course or up to €18,000 for a two-year Master's course.
Which banks are taking part in the scheme?
As of this moment, there are three banks taking part in the scheme;
The banks will support incoming and outgoing students to and from the three countries listed.
For more information on the scheme please click here.