The first Erasmus+ loans for graduates taking their Master’s degree abroad are now available from MicroBank of Spain. Today the bank signed up to the Erasmus+ Master Loan Guarantee Scheme, funded by the European Commission and managed by the European Investment Fund. Under this first agreement MicroBank will provide up to €30 million worth of loans for students from Spain taking their Master degree in one of the 33 Erasmus+ Programme Countries, or students from other Erasmus+ countries going to Spain for a Master’s course.
The Erasmus+ Master Loan scheme is a new and ambitious initiative that represents a major step forwards for student mobility in Europe, with the aim of supporting the EU’s objective of 20% of its students being mobile by 2020.
Complementing the well-known credit mobility scheme for higher education students, Erasmus+ aims to help students in obtaining a Master’s degree in Erasmus+ participating countries spend time studying in an institution abroad.
More information is available on:
www.microbanklacaixa.com
