Most EU countries do have some type of scheme that provides loans and financial aid to students, but these are not usually open to students from other member states. The EU rules state that students from other member states are entitled to access universities for the same tuition fees as domestic students, but countries are not obliged to provide financial assistance on the same basis unless individuals have been living in the country for at least five years prior to beginning study.
In some European countries however, you can get support for example The Netherland have student loans that will cover the full cost of tuition and non-repayable grants are also available for those in part-time employment, and in Italy student loans are available to EU students on the same basis as they are to home students, although these are based on both merit and means-testing and don’t cover as broad a range of people as the loans system in the UK.
Students are usually allowed to work while studying, although finding jobs can be difficult. Some students choose instead to work during breaks in the UK to save up the funds necessary for their living costs while abroad. It’s difficult to know how to help as a parent or grandparent but if you want to talk through some saving for future studies Enable IFA’s in Bishop’s Stortford can help you think it through.
Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE
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