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Erasmus+ backs €30 million in Master’s study loans in France

Institutional news -

After Spain, now its France’s turn to open up to the higher education market. The Erasmus+ Master loan scheme will make available € 30 million in new study loans in France. This is thanks to a guarantee agreement signed today by the European Investment Fund (EIF) and the French BPCE bank, with the backing of the EU’s Erasmus+ programme. The loans will be open to graduates from France taking their Master’s degree in one of the 33 countries participating in Erasmus+, as well as to students from these countries moving to France for a Master’s degree. If the idea is to broaden the opportunity for students to study in another EU Member State, such as guaranteed by their free movement rights, which supposedly increases their employability, it is not without raising a number of questions. Organisations such as ESU, the European Student Unions, have raised their voice to defend the right to free education (#freeeducation campaign), as tuiton fees are increasing all over Europe.

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