Guys, check out CROUS residences (In France, there is a rent subsidy called CAF, even on student residences so you should be able to rent a place in Toulouse for around €200 per month!). Indeed, Aude should have recommended them to you.
Use Google translate if you don't yet know French:
Logement | Le Crous Toulouse
JerseyGuy: it will be impossible to get a student loan in France without a French gaurantor. In fact, it will be impossible to find a place to rent other than CROUS without a gaurantor!
All of those diplomatic scholarships have dissapeared with the ongoing crisis! Bye Bye middle-class socialism....