The University of Luxembourg signed a guarantee agreement with the European Investment Fund (EIF) to launch an Erasmus+ pilot scheme to support incoming postgraduate students by deferring tuition fees and rent for 2 years!
Under the scheme, incoming Master students will not have to meet key costs upfront and will be able to start repayments for their learning and housing two years after graduation.
The University of Luxembourg expects to welcome 300 Master students through the €5 million initiative which is open to students from any of the 32 other Erasmus+ programme countries. Students will not need collateral or third-party guarantees to benefit from it.
The cost of education is one of the main barriers to studying abroad. This initiative aims to overcome that financial obstacle and make postgraduate study abroad accessible to students from all backgrounds.