A loan of up to €12,000 for a 1-year Master or up to €18,000 for a 2-year Master.
UPDATE October 2018:
We understand that the Future Finance and EIF Loan Scheme in the UK has been temporarily suspended. We advise any UK domiciled students to contact Future Finance for further information. The scheme is still available through universities and banks in Spain, France and Turkey, for outgoing students from these countries pursing postgraduate study abroad.
Erasmus+ Master Degree Loans are EU-guaranteed loans with favourable pay-back terms that can help you finance a Master course in an Erasmus+ Programme country.
The scheme is designed to support postgraduate students and protect them from student hardship with social safeguards including:
Currently the scheme is available through banks in Spain, Italy (Emilia Romagna region) and Turkey, for outgoing students from these countries pursuing postgraduate study abroad and students from other Programme countries going to Spain for a Master course.
As more banks from around Europe join the scheme, more destinations for postgraduate study will become available. Some 20 to 25 banks are expected to join the scheme by 2020
It is however not possible to say when exactly any particular country might be covered because the agreements with banks and student loan agencies will be done gradually on a country by country basis.
Full details on how to apply can be found at: http://ec.europa.eu/programmes/erasmus-plus/node/11_en.
For the terms and conditions of their Erasmus+ Masters Loans, please visit: