ERASMUS+ Master Loans

EIF and the European Commission launch new initiative for students.

The European Investment Fund (EIF) and the European Commission have launched a new initiative to provide a total of EUR3bn of loans to Erasmus+ Master students via financial institutions.

This new and first mandate from the Directorate General of Education and Culture (DG EAC) allows the EIF to provide capped guarantees and counter-guarantees to financial intermediaries extending loans to mobile students undertaking a master’s degree in another country taking part in the Erasmus+ programme [1]. It is expected that 200,000 students will benefit from this new scheme by 2020. The Erasmus+ programme is an EU success story, helping students who study abroad to improve their knowledge and skills, preparing many of them for international careers; this new initiative within Erasmus+ will maximise the impact of EU resources to help raise skills levels in Europe.

------------------------------------------------------------------------------------------------

via: The European Investment Fund (EIF)

Ir al sitio web