Erasmus+ Master Degree Loans are EU-guaranteed loans with favorable pay-back terms. The scheme is designed to provide postgraduate students with the means to pay their tuition and living expenses – thereby allowing individuals to focus on their degree instead of managing their bank balance.
The programme aims to be as inclusive as possible, working under the following guidelines:
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.
Prospective Master students can receive a loan of up to €12,000 for a 1-year Master or up to €18,000 for a 2-year Master.