Student loan guaranteed by the State
- Name of the instrument - Local language
- Prêt étudiant garanti par l'État
- Name of the instrument - English translation
- Student loan guaranteed by the State
- Scheme ID
- 90
- Country
- France
- Reporting year
- 2015
- Type of instrument
- Loan
- Type of entry
- Single instrument
- Short description
To facilitate students' access to loans, a system of bank loans guaranteed by the government was introduced for all students of higher education up to 27 years. The guarantee mechanism is based on a guarantee fund. This fund supports, under conditions defined by convention, part of the risk taken by banks.
- Short description of the related instruments
nap
- Level of operation
- National
- Name of a part of the country
- nap
- Name of the region (for regional instruments)
- nap
- Name of the sector (for sectoral instruments)
- nap
- Relevance
- Key scheme
- Legal basis
Convention de partenariat 23 juillet 2008 ministère de l’Enseignement supérieur et de la Recherche et Oséo
Code de la consommation : articles L311-11 à L311-17-1 et articles L311-21 à L311-26- Year of implementation
- 2008
- Operation/management
The guarantee mechanism is based on a guarantee fund whose management has been entrusted to Bpifrance (previously called Oséo), an organisation of business funding and development. This fund supports, under conditions defined by convention, part of the risk taken by banks. Partner banks provide the loan (la Société générale, le Crédit Mutuel, le C.I.C., les Banques populaires et les Caisses d'épargne du groupe B.P.C.E. ). They sign an annual convention that allows them to provide these student loans without a guarantee or a means test.
- Eligible group(s)
Enrolled in an institution to prepare a French degree of higher education; under the age of 28; French or citizen of another country of the European Economic Area (EEA) (under certain conditions of residence in France).
- Group(s) with preferential treatment
None
- Education and training eligible
Higher education
- Source of financing and collection mechanism
Partner banks (current financing - providing loans)
State (loan guarantee)
individual (repayment from future income)- Financing formula and allocation mechanisms
The repayment can be deferred in whole or in part, allowing the student to start repaying the loan after graduating.
- Volumes of funding
In 2015, EUR 414 900 000 was the amount for open loans with a loan average of EUR 8 200.
- Beneficiaries/take up
An average of 6 490 loans per year was opened which makes 46 129 loans from 2008 to 2014.
- Monitoring/evaluation reports available
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- Most relevant webpage - in English
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- Most relevant webpage - local language
- Sources
- Short description
- Short description of the related instruments
- Level of operation
- Name of a part of the country
- Name of the region (for regional instruments)
- Name of the sector (for sectoral instruments)
- Relevance
- Legal basis
- Year of implementation
- Operation/management
- Eligible group(s)
- Group(s) with preferential treatment
- Education and training eligible
- Source of financing and collection mechanism
- Financing formula and allocation mechanisms
- Volumes of funding
- Beneficiaries/take up
- Monitoring/evaluation reports available
- Most relevant webpage - in English
- Most relevant webpage - local language
- Sources