Stay in the loop! Subscribe to our mailing list
The aim of the Erasmus+ Master Loan Guarantee Facility is to incentive international degree mobility within the Erasmus+ area by increasing access to finance. The new Loan facility will enable students, regardless of their social background, to take a Master's Degree in another Erasmus+ programme country, namely: EU Member States, candidate countries (Iceland, the former Yugoslav Republic of Macedonia, Turkey), Liechtenstein and Norway. Loans will have an amount up to EUR 12 000 for a one-year Master’s Degree course or EUR 18 000 for a 2 year Master's programme and condition for eligibility is that the Master’s is taken in a EU/Erasmus+ country different from where the student obtained his/her Bachelor's degree and different from the residence country. The Erasmus+ Master Loan Guarantee Scheme builds up on the successful experience of the portable state loans, that have significantly supported international mobility in Europe- as a previous ACA study pointed out (see ACA Newsletter ‘Education Europe’, Edition February 2014).