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Erasmus+ Master Degree Loans

Higher education students at master level who want to complete a full study programme in another Programme Country can apply for a loan to contribute to their costs.

Erasmus+ Master Degree Loans will enable potentiel master students to gain access to loans to support their studies abroad over the liftetime of the Erasmus+ Programme. The EU budget allocation will leverage a multiple amount in financing from the banking sector for loans to mobile master students.

 

Amounts and object of the loans

The loans are up to 12,000 EUR for a 1-year Master programme and up to 18,000 EUR for a 2-year Master programme and can cover both living and tuition costs in any of the 33 Erasmus+ Programme Countries.

Eligibility criteria

To be eligible students must:

  • Be a resident of one of the Erasmus+ Programme Countries
  • Have successfully completed first cycle higher education studies (Bachelor or equivalent) and been accepted for a 2nd cycle programme (Master or equivalent) at a higher education institution (HEI) which holds the Erasmus Charter for Higher Education (ECHE). 

The Master or equivalent  that they intend to study must:

  • Be delivered in a different country from their own country of residence and from where they obtained their Bachelor degree (or the equivalent degree giving them access to the Master programme)
  • Be a full programme that will lead to a degree.

Where to apply?

Directly to participating banks or student loan companies

 

More information is available on the website of the European Commission: http://ec.europa.eu/education/opportunities/higher-education/masters-loans_en.htm.