Every student who desires to learn should have the opportunity to study at top European universities; however, funding can sometimes be a challenge. EIT InnoEnergy Master School wants to ensure that talented minds can access the education they will need to become an integral part of the energy transition.
Therefore, we are proud to announce a new cooperation with Brain Capital to help ensure that every European student has a new tuition funding option!
Study first, pay later
With the introduction of this new income sharing agreement, students can attend the EIT InnoEnergy programme of their choice without the fear of financial burden.
They receive funding up to 30,000 EUR, complete their studies, and then pay back later based on their salary. The repayment is a fixed percentage of your salary when a minimum income threshold is reached, and if you earn less than that minimum – repayment is postponed (i.e. parental leave, gap year).
And this mixed calculation model means that higher earners pay more than lower-income participants since the earning curve changes the payment curve. As Prof. dr. Frank Gielen, EIT InnoEnergy Education Director, explains: “We strongly believe this is a fair, solidary model that will open doors for EU/EEA and UK students who need financial support to study with us.”
Brain Capital’s offering
Dr Elisabeth Rudolf-Sipötz, Managing Director of Brain Capital, shares the philosophy behind their offering: “As the largest provider of education funds in Europe, our goal is to offer students fair and flexible study financing. The income-related payments after successful completion of their studies offer students absolute security. Furthermore, we believe that education is an investment in their future and should be accessible to talented young people from all walks of life without risk. So, what we offer them is not a loan or debt; instead, the students will share their future income.”
Fair access for all
Brain Capital’s offering to prospective EIT InnoEnergy Master School students not only benefits these students but also ensures that the energy transition has all the best talent available focused on finding solutions. As Dr Gielen says, “It will take a lot of great minds to achieve Europe’s energy transition goals in the next few years, and we don’t want financial barriers to be a hindrance.”
Ensuring that talent has fair access to education, regardless of their financial situation, is also an important step in continuing the diversification of EIT InnoEnergy Master School programmes – so they can mirror the diversity of Europe itself. Dr Rudolf-Sipötz adds, “We select our partner universities carefully. We are now extending this opportunity to EIT InnoEnergy students because studies relating to energy and sustainability are the future – giving our sponsored students excellent career prospects.”
Find out more about the funding opportunities Brain Capital here – and join EIT InnoEnergy in shaping the future of sustainable energy!