Higher studies France / Europe
Students going to study in France, Spain, Italy, Germany, Belgium — Budget: 100K-800K MAD · Average rate: 5%
Studying in Europe costs 100K to 800K MAD per country and school. Public France (CROUS, low fees): ~100-150K MAD/year with housing. Private France (ESCP, HEC): 200-350K MAD/year. Public Germany: 80-120K MAD/year. Moroccan banks finance via international student loan with parental surety guarantee.
Eligibility
Foreign university enrollment certificate, acceptance letter, detailed financing plan (fees + living), solvent parental surety (stable income), obtained or pending student visa. Mandatory foreign currency account. Exchange Office transfers authorized up to 220,000 MAD/year for student.
Covered schools / trainings
All European public universities. Recognized private schools (French grandes écoles Conference, AACSB/EQUIS-accredited business schools). Erasmus programs. International masters. Attention: unrecognized schools financed but at higher rate.
Repayment options
Deferral during studies duration (2-5 years) + amortization over 7-12 years. Payment by annual tranches progressively with academic years. Student death insurance included (20-30 EUR/year). Possibility of early repayment without penalty upon return to Morocco.
Numeric example
HEC Paris Master 2 years: 60K EUR total (650K MAD) + living 120K MAD = 770K MAD. Study loan 600K MAD (+ 170K family contribution) at 5% over 12 years (2-year deferral): monthly 5,600 MAD over 10 years = 672K total. Return Morocco with executive job 35K/month: 16% debt ratio.
Practical tips
- Anticipate 6 months before departure (banking delays + visa)
- Negotiate bonus rate if prestigious school (frequent convention)
- Open euro account in Morocco to avoid conversion fees
- Plan additional fees: housing (700-1,200 EUR/month), health insurance, transport
- ROI: European degrees +30-50% salary on Morocco return
Recommended banks
Ready to take action?
Our official partner Attijariwafa Bank supports you. Free comparison in 2 minutes.
Also available