Investment & Fund Management

The European Investment Fund (EIF) collaborated with the University of Cyprus to launch a pioneering pilot scheme aimed at addressing the financial barriers faced by students pursuing Master's degrees abroad. This initiative, backed by a EUR 4 million fund, is designed to support over 240 students from the 32 Erasmus+ Programme Countries, allowing them to defer tuition fees and accommodation payments during their studies.

The tailored solution provided by the EIF includes favorable loan conditions, such as a two-year grace period post-study and a minimum four-year repayment plan, without requiring collateral or third-party guarantees. This innovative approach is the first of its kind in Cyprus and leverages the Erasmus+ loan guarantee scheme, which is funded by the European Union and managed by the EIF.

The expected outcome of this initiative is to enhance student mobility and bridge the financing gap that often deters high-potential students from pursuing international education. By facilitating access to affordable education, the program aims to attract more international postgraduate students to the University of Cyprus, thereby enriching its research activities and elevating its global profile. The initiative not only supports individual students but also contributes to the broader goal of fostering growth and innovation across Europe.