HOW TO FINANCE YOUR STUDIES IN SPAIN?
As you may already know, it's not easy to get into a public university in Spain, especially for the most popular courses. The number of places is limited, and selection is based on the nota de corte. This system ranks applications on the basis of academic results and offers available places to the highest-ranked candidates, so you'll often have to turn to private universities, with fees ranging from 7,000 euros to over 22,000 euros a year.
At FEEduc, we know that this is a key issue for many students. That's why we're here to help you prepare your project and identify suitable solutions.
It's important to think carefully about how you're going to finance your studies. You should know that, unlike in other countries, there is no really significant financial aid available for studying in Spain.
Why plan ahead?
Public and private study: Even in public universities, there can be significant tuition fees. Private universities, on the other hand, require a more substantial budget.
Additional costs: Accommodation, transport, teaching materials... These costs must be taken into account from the outset.
Essential planning: In the absence of major financial aid, it's essential to organize your budget before you leave.
SCHOLARSHIPS AND FINANCIAL AID TO STUDY IN SPAIN
- SOME FINANCIAL ASSISTANCE AVAILABLE IN FRANCE :
If you're looking for funding for your study project in Spain, here are a few ways to get help that may be available in France:
- The Regional Council: Depending on where you live, some Regional Councils offer financial support programs to help you study abroad. These grants may or may not be means-tested.
- The Conseil Général: Here too, financial aid programs are available for study abroad projects, with or without a means test.
- The Avenir scholarship: This scholarship is reserved for students who have obtained a bachibac or come from a Spanish international section. For more information, click here.
- Some foundations also offer scholarships: AFFDU, FIFDU, IFUW, Fondation Rotary International, Fondation Cetelem, Fondation Marcel Bleustein-Blanchet, Fondation Kenza...
- FINANCIAL AID IN SPAIN FOR THE FIRST YEAR OF STUDY :
In Spain, scholarships for new students are rare, but some universities offer limited grants. Applications are made after a place has been reserved.
What are the eligibility criteria?
- Your academic record: Academic results play an essential role.
- Your parents' income: These may be taken into account.
We have drawn up a table detailing the assistance available by university. You can download it below to find the precise information.
You will need to manage these scholarship applications directly with the university after your registration.
- FINANCIAL AID FROM THE SECOND YEAR OF STUDY ONWARDS
From your second year in Spain, your academic results become the main criterion for obtaining grants. As in your first year, you'll have to deal with these requests directly with the university.
ONE LAST PIECE OF ADVICE BEFORE YOU TAKE THE PLUNGE
Don't leave to study in Spain unless you've cleared all your financing. If you have to interrupt your studies for lack of funds, you risk losing both money and time. The part of your course that has already been financed will not allow you to continue your studies either at a Spanish public university or in France.
FINANCING YOUR STUDIES IN SPAIN: BANKING SOLUTIONS
DOESN'T RELY SOLELY ON UNIVERSITY SUPPORT
It's risky to plan your studies in Spain on the basis of university grants or scholarships alone. These funds are often insufficient to cover all expenses.
HOW TO FINANCE YOUR STUDIES?
- Rely on your own funds: Early budgeting is essential.
- Taking out a student bank loan: The most common and flexible solution.
Our advice is to turn to your bank for a student loan.
Compete with at least two other banks. A student, a potential future client when he/she will be a liberal practitioner in the medical or paramedical sector for example, is very interesting for a bank in the medium and long term and the best way for them is to capture him/her during his/her studies.
Our advice: approach your bank in France to take out a student loan. Compare offers from at least three banks to get the best terms. Banks see you as a potential future customer, especially if you're considering a career in the medical or paramedical field, which works in your favor when it comes to negotiating a loan.
IMPORTANT POINTS TO KNOW BEFORE TAKING OUT A LOAN :
- The amount of the loan depends on the repayment capacity of the person vouching for you, not on your future job or financial needs.
- Use the competition to find the best offer.
RECOMMENDED BANKING SOLUTIONS: CIC IBERBANCO
If you're looking for specific banking support to finance your studies in Spain, CIC Iberbanco is an excellent option.
Why choose CIC Iberbanco?
- Iberian origins and dynamism of the Crédit Mutuel-CM11 group.
- Competitive products tailored to your specific needs as a student.
- Privileged partnerships with :
- Targobank: for your banking equipment in Spain.
- Atlantis Seguros: for insurance solutions in Spain.
In addition to a network of branches throughout France, you'll benefit from privileged partnerships with Targobank (for your banking equipment in Spain) and Atlantis Seguros (for insurance in Spain).
From their website: https: //www.cic-iberbanco.com/fr, you can ask to be called back by an advisor for personalized support.