I received an admit on March 17, 2021, for the Specializing Master in Industrial Design for Architecture (cost of the course €12,000/-). It's a 12-month long course with 3 months of internship (total 15 months). 

So, they've asked me to pay a downpayment of €4,000/- by 23 March 2021. However, it'll take up to 20 days for the education loan to get sanctioned from the bank. I have asked for an additional time frame for the down payment but haven't received any response from the university.

My questions are as follows:

1- What should I do in this case? Should I let the admit go?

2- Is this course worth €12,000/-? 

3- Are there any scholarships that I can apply to?

I would be extremely grateful if anyone could answer these questions for me. Any information/suggestion would be appreciated.

Thankyou!