Erasmus+ Master Degree Loans

Erasmus+ Master Degree Loans

Erasmus+ Master Degree Loans are EU-guaranteed loans with favourable pay-back terms. They’re designed to help prospective students finance their Master’s courses in an Erasmus+ Programme country while leaving as little of a lasting economic footprint as possible.

The scheme is designed to provide postgraduate students with the means to pay their tuition and living expenses – thereby allowing individuals to focus on their degree instead of managing their bank balance. The programme aims to be as inclusive as possible, working under the following guidelines:

  • No need for collateral from students or parents - ensuring equality of access
  • Favourable, better-than-market interest rates
  • Pay-back terms that allow graduates up to two years to find work before beginning repayment.

Please visit the Erasmus+ Master Degree Loans website for more information.

Prospective students must:

  • Live in a Programme country
  • Have completed a Bachelor-level (or equivalent) qualification before applying
  • Have been accepted (before applying) to a full Master degree at the University of Glasgow

Eligible countries/regions

  • Croatia
  • Italy
  • Romania
  • Spain

Eligible programmes


Up to €12,000 for a 1 year Master or up to €18,000 for a 2 year Master (equivalent in GBP, subject to exchange rates)

How to apply

Prospective students should apply through the financial institution, the universities or online, submitting the following documentation:

  • Certificate of completion of the last degree you have completed prior to the Master degree you are applying for
  • A receipt for the enrolment fee OR documentary proof of admission and of the cost of the Master course

Each lending institution will have different terms and conditions – but all institutions will provide interest rates that are significantly lower than commercial rates. Students will therefore need to visit the specific bank or lending institution’s webpage - where they will be able to review specific terms and conditions.  These are listed below:

For more information contact: