Lending options mobility Degree does not work

Only some weeks in the past, the highest authority for decisions of the American Students Union (ESU) - The Board, made up of forty seven national student unions from 39 countries - implemented a resolution calling for scrapping the idea of introducing an European Owners Guarantee Scheme Stage the loan. Earlier on ESU had voiced serious concerns concerning this new tool included in the new Erasmus for All proposal within the multiannual financial framework (MFF) 2014-20. ESU detailed position on the scheme are available here.

The ESU has a clear policy choosing grants as a means of helping students over loans. This is related to our firm opinion that higher education is a social responsibility that should receive public financial support.At the end of the day, the benefits associated with a highly qualified population exceeds normal economical rationale for the training of skilled labor as the most generally more educated society is more equal society.

Mobility goal of 20%. But apart ideological battle for a moment and return to the proposal today we have on the table. First, discussing speak about the numbers. Presently there is a continuing struggle for each and every euro that ought to be spent on the new Erasmus for All program. We of course welcome the increased budget in the new MFF, but we also would like to explain that we find it as tracking what education ministers of the European Unification (EU) have agreed on before - creating a base for comparison with that by 2020 at least 20% of students had not experienced a period of study overseas.

Therefore, we discover that it is correctly fair that higher education is relatively longer within prior years. It is also crucial if we are to engage with the objectives of the cultural dimension of EU programs, such as by connecting subsidies to the vacation spot of study. Loan assurance is set to get approximately 5% of the total budget for Erasmus for All. But if we start a simple math exercise trying to see how much it would mean proportionally education part of the budget, higher loan scheme will sign-up about 10% of the total. The scheme can be optional for students to work with, but in conditions of additional cost is simply too high.