The take-up of much-anticipated loans for postgraduate students is likely to be limited because of an aversion to student debt in many countries, an expert on European education has warned.

From 2014-15, students in 33 European countries will be able to access bank loans of up to €12,000 (?10,133) a year to cover the cost of studying a one-year master¡¯s in a foreign country, with favourable rates available thanks to a guarantee from the European Investment Fund.

Over the next seven years, some 200,000 students are expected to access the loans, using 5?per cent of the €14.7 billion Erasmus+ budget for 2014 to 2020, agreed by the European Parliament last month.

But Barbara Kehm, professor of leadership and international strategic development in higher education at the University of Glasgow, has questioned whether students in some countries will take out the loans.

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¡°The idea of taking on a lot of debt to study is totally alien to German students,¡± said Professor Kehm, a former director of the International Centre for Higher Education Research at Kassel University, in central Germany.

¡°They tend to study closer to home and do not want to incur additional costs,¡± she added.

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Students from Scandinavian countries shared the same antipathy towards tuition fee loans, while those from the Netherlands, France and Spain generally expected the state to pay for a large part of their studies.

Professor Kehm also questioned whether many more students would use the loan scheme to study in the UK ¨C which is the most expensive place to study in Europe, according to a report released earlier this year.

The analysis by StudyPortals, master¡¯s courses at European universities, showed that average tuition fees for such courses in the UK (?5,880) are three times higher than those charged in Switzerland (?1,890) and almost four times those in the Netherlands (?1,541).

The average fee is ?1,260 in Italy, ?1,134 in Spain and only ?218 in France, StudyPortals says.

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Under the postgraduate loan scheme, which is opposed by the European Students¡¯ Union, students from any discipline will be able to access loans of up to €18,000 to cover the total cost of a two-year master¡¯s in any country apart from their own.

Banks have been invited to submit proposals to the European Investment Fund, with successful bidders likely to be announced in late spring or early summer 2014.

Dennis Abbott, spokesman for education at the European Commission, said the scheme allowed banks to share the risk of loan default with the Commission, making them more likely to lend to students with limited means.

¡°The aim of this scheme is to ensure that it is not just a narrow group of students who benefit from master¡¯s study,¡± he said.

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jack.grove@tsleducation.com