EIF and Quotanda Collaborate to Unlock €51 Million in Student Financing Across Europe

EIF-and-Quotanda-Collaborate-to-Unlock-E51-Million-in-Student-Financing-Across-Europe

(IN BRIEF) The European Investment Fund (EIF) and Quotanda have partnered to improve access to student financing in Spain, Portugal, and Germany, mobilizing over €51 million through a €10.2 million capped guarantee backed by the InvestEU Skills and Education Portfolio Guarantee. The initiative, in collaboration with six education providers, including IESE Business School, Esade, and coding bootcamps like Code For All and Le Wagon, will support over 6,500 students through tuition deferrals and income-sharing agreements. This effort aims to promote socio-economic inclusion and provide essential reskilling opportunities, empowering students with the skills needed to thrive in today’s evolving workforce.

(PRESS RELEASE) LUXEMBOURG, 21-Nov-2024 — /EuropaWire/ — The European Investment Fund (EIF) has joined forces with Quotanda, a leading education financing platform, to launch a transformative initiative aimed at increasing access to student financing in Spain, Portugal, and Germany. Backed by the InvestEU Skills and Education Portfolio Guarantee Product, this collaboration underscores a commitment to fostering equal opportunities in education while addressing Europe’s growing demand for digital and managerial skills.

The EIF is providing Quotanda with a capped guarantee of €10.2 million, enabling the mobilization of over €51 million in financing for more than 6,500 students. The initiative will allow students facing financial barriers to access education through tuition deferral plans and income-sharing agreements offered in partnership with six renowned educational institutions. These include IESE Business School and Esade Business & Law School in Spain, alongside European coding bootcamps Code For All (Portugal), Hack a Boss (Spain), Adalab (Spain), and Le Wagon, which operates in Spain, Portugal, and Germany.

“The partnership reflects our dedication to reskilling and upskilling as a foundation for Europe’s competitive edge,” remarked Marco Marrone, EIF Deputy Chief Investment Officer. “This initiative not only creates new opportunities for students to invest in their futures but also helps build a more inclusive and resilient educational framework.”

Quotanda’s Co-Founder, Lino Pujol-Soliano, emphasized the collaborative effort’s transformative potential. “Working alongside the EIF and these prestigious education providers, we aim to dismantle financial barriers and democratize access to quality education. This partnership is a powerful step toward empowering more than 6,500 learners with the skills and knowledge necessary to succeed in today’s evolving workforce.”

By championing socio-economic inclusion, this partnership ensures that students from diverse backgrounds can access high-quality education and essential reskilling opportunities. The program’s focus on providing financing options for in-demand skillsets aligns with Europe’s broader objectives to foster innovation and economic growth in a dynamic global landscape.

This partnership marks a significant milestone in shaping a future where access to education and career advancement opportunities is not determined by financial constraints.

Background information

EIF

The EIF is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized businesses by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments that specifically target this market segment. In this role, it contributes to the achievement of key EU policy goals such as competitiveness and growth, innovation and digitalisation, social impact, skills and human capital, climate action and environmental sustainability.

InvestEU

The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investment for EU policy priorities, such as the European Green Deal and the digital transition. The InvestEU programme brings together under one roof the multitude of EU financial instruments currently available to support investment in the Member States, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners that invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increasing their risk-bearing capacity and thus mobilising at least €372 billion in additional investment.

Quotanda

Quotanda is a leading European education finance technology and services firm specializing in student loan origination and servicing. It helps students overcome financial barriers by partnering with educational institutions and foundations to expand access to higher education through the management of deferred tuition programs and income-sharing agreements. By coordinating the EIF-backed guarantee for over 6,500 students across Europe, Quotanda continues to deliver impactful, inclusive solutions that address the skills gap and contribute to building a brighter future for all.

Media Contacts:

EIF

Maite Cordero – España | m.corderomunoz@eib.org | Tel.: +34 606 66 82 62

Sitio web: www.eif.org | X: @eif_eu

Quotanda

Lino Pujol-Soliano Regueiro
lino@quotanda.com

SOURCE: European Investment Fund