What?
More than 3,300 graduates have applied for one of Spain?s new student loans, less than a month after the scheme was launched. If successful, the applicants will receive more than half of 6,000 loans the Spanish government is making available for the first year of the scheme ? out of a total loans budget of ?50 million (US$70.72 million).
Students who have finished their first degree in the past two years will be able to apply for loans of a maximum of ?22,800 to study for a master?s degree at a Spanish or other European university. Echoing models adopted in Britain and Australia, recipients will only start repaying loans when their income exceeds ?22,000 a year.
As far as I know there is a possibility not to repay the money which were given to you, but I was half right. The goverment will give you a loan and you will start paying back when you have a job!
later edit: Nevermind, I was thinking of students