Many students are able to find scholarships from their home government.
You may also wish to investigate the following information on alternative sources of funding in case you are eligible for any of these awards from the GLOCAL Consortium partner universities:
Erasmus+ Master Degree Loans are EU-guaranteed loans with favourable pay-back terms. They’re designed to help prospective students finance their Masters courses in an Erasmus+ Programme country while leaving as little of a lasting economic footprint as possible.
The first Erasmus+ Master Loans are available in Spain, France, UK, Turkey and Luxembourg.
The agreement in Spain will provide financial support for students from Spain taking their Masters degree in one of the 33 Erasmus+ Programme countries or for students from these countries moving to Spain to study for their Masters. Students can apply for the loans directly with Microbank (the social branch of La Caixa) in Spain.
The agreement in France will provide financial support for students from France taking their Masters degree in one of the 33 Erasmus+ Programme countries or for students from these countries moving to France to study for their Masters. Students can apply for the loans directly with BPCE in France.
The agreement in the UK will help Masters students with their living and tuition costs when studying in a country other than where they live or where they took their first degree. The terms of the loan include:
- no need to provide collateral when applying for the loan;
- an interest rate lower than the market rate;
- a grace period of up to one year before repayments begin;
- a further payment holiday of up to one year.
The scheme is managed by the European Investment Fund (EIF), which publishes details of participating banks, student loan agencies, and other organisations. More information on the management of the Master Loan is on the European Commission’s Erasmus+ Master Degree Loan webpage.
We will continue to provide updates on this webpage when more information becomes available. Please see the Erasmus + website for further information.
The GLOCAL programme is eligible for funding from SAAS. Scottish students are eligible for fee and maintenance loans. Other EU students are eligible for fee loans only. Please check their website or contact them directly for further information. Please see the SAAS Full-time postgraduate student website for more information.