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Pan-European Student Loans? Too Complicated
We often talk about loans
for international students coming to the US, which
are readily available if you have a US co-signer. US
students going abroad can also access loans. However, in
many parts of the world, student loans are not available
at all. Even in Europe, efforts to create a pan-European
student loan have been thwarted by complex regulations,
as this story from the New York Times illustrates:
When Ivailo Vasilev of Bulgaria was
accepted at the London School of Economics two years
ago, he calculated that he would need tens of thousands
of British pounds that he did not have as a recent
university graduate to pay tuition and other costs.
So he decided, like countless
others, to take out a student loan. It would be more
complicated than he expected. He was not eligible for a
student loan in Britain because he did not fulfill a
three-year residency requirement, but there were few
options in his home country.
Read the rest of the story in the New York Times
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