EIF and Quotanda launch pan-European initiative to boost student access to education financing for digital and managerial skills

• EIF capped guarantee of €10.2 million to Quotanda, which will contribute to mobilising more than €51 million in student financing.
• The guarantee is part of initiative to ease access to financing for more than 6,500 students in Spain, Portugal, and Germany.
• This will be accomplished through partnerships with six educational providers: IESE Business School, Esade Business & Law School, Code For All, Hack a Boss, Adalab, and Le Wagon.
• The EIF guarantee is backed by InvestEU

The European Investment Fund (EIF), part of the EIB Group, and Quotanda, a leading pan-European loan servicer for education financing, launched a significant partnership to boost student access to education financing for digital and managerial skills in Spain, Portugal and Germany.  The initiative was announced today at an event in Madrid by representatives from the EIF, the European Commission, Quotanda, and the educational providers.

To this end, the EIF is providing, through Quotanda, a capped guarantee totalling €10.2 million unlocking more than €51m in student financing. This is backed by the InvestEU Skills and Education Portfolio Guarantee Product. The initiative is expected to support over 6,500 students, including those experiencing increased difficulties to secure financing.

“We are committed to promoting reskilling and upskilling as a way to strengthen Europe’s competitiveness,” said EIF Deputy Chief Investment Officer Marco Marrone. “This initiative aims to provide students with opportunities to invest in their future, creating a lasting impact on the educational landscape in Spain, Portugal, and Germany.”

This will be accomplished through partnerships with six educational providers: two of Europe´s leading business schools, IESE Business School and Esade Business & Law School, both headquartered in Spain, , and four European coding bootcamp providers, Code For All (Portugal), Hack a Boss (Spain), Adalab (Spain), and Le Wagon (Spain, Portugal, and Germany). The education providers will significantly increase their volume of tuition fee deferrals and income sharing agreements offered to students.

As part of the initiative, EIF is contributing toward equal opportunities, ensuring that all students, regardless of their financial situation, attain the opportunity to access quality education and reskilling. This is a crucial step in promoting socio-economic diversity and inclusion within the education sector, equipping students with the skills needed to thrive in a rapidly evolving job market.

Quotanda’s Co-Founder Lino Pujol-Soliano explains; “This partnership with the EIF and six educational institutions, with proven student outcomes, aligns perfectly with our mission to democratize access to education. By expanding financing options for over 6,500 students, we are breaking down barriers and fostering opportunities for learners across Europe.

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