Quotanda and EIF launch €55 million initiative under InvestEU to enhance access to education across Europe
Luxembourg, May 8 -- The European Investment Fund (EIF), part of the European Investment Bank Group (EIB Group), has signed a new InvestEU-backed guarantee agreement with Quotanda and eight leading European universities, education providers and non-profit organisations to unlock up to €55 million in student financing.The initiative allows students at participating institutions to start their studies without paying tuition fees upfront and to repay their tuition only after they have completed their studies and found a job, easing financial pressure at the start of their careers.The initiative was announced yesterday at an event in Luxembourg, attended by representatives of the EIF, the European Commission, Quotanda and participating ed...
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