French university students to get financing relief under new EIF agreement with Bpifrance
Luxembourg, Sept. 24 -- Tens of thousands of university students1 in France will gain financial relief under a new agreement between the European Investment Fund (EIF) and French national investment bank Bpifrance. The EIF - part of the European Investment Bank (EIB) Group - is providing up to €28 million in counter-guarantees for the French government-guaranteed student loan. The EIF-Bpifrance accord removes upfront financing of tuition as one of the most persistent barriers for university students in France. The deal also enables student loans to be provided without a personal guarantee, facilitating the entry into university of young people from socioeconomically disadvantaged backgrounds.The agreement will improve access to financ...
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