Erasmus funding FAQs
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Erasmus+ funding

Erasmus+ is the EU’s programme to support education, training, youth and sport. With a budget of €14.7 billion for 2014-2020 it provides opportunities for over 4 million participants to study, train, gain experience, and volunteer abroad. It also offers €1.68 billion for activities with partner countries.

In addition to offering grants, Erasmus+ also supports teaching, research, networking and policy debate on EU topics.

How is Erasmus funded?

Nearly 90% of the Erasmus budget is invested in student and staff mobility. … Erasmus students do not pay tuition fees at their host institution abroad. In each country, the national agencies allocate the funds at their disposal to higher education institutions.
Source: › commission › presscorner › detail › MEMO_12_785

How much is the Erasmus grant?
Eligible students receive an Erasmus+ grant provided by the European Commission – this is paid through your institution. This grant contributes towards the extra costs that you may encounter from studying abroad. For 2018/19 the grant can be up to €300 to €350 a month, depending on the country you visit.
Source: > study-abroad
Who funds the Erasmus Programme?
No. The European Commission has transferred 70% of Erasmus funding for the 2012-2013 academic year to national agencies in the participating countries, which distribute the money to universities and students.
Source: > rapid > press-release_MEMO-12-785_en
Do you have to pay back Erasmus grant?
Students should also remember that this is a grant rather than a loan therefore it does not need to be paid back so you’re missing a trick if you don’t apply for it!
Source: > blog

Who is eligible for Erasmus grant?
In order to participate in the Erasmus Programme, you must be registered at an institution of higher education. Your enrollment at this institution must lead to a recognized degree or other recognized tertiary-level qualification (including a master’s degree or doctorate).
Source: > articles

Who is eligible for Erasmus?
To be eligible for the Erasmus programme you must be in a higher education institution, and be in your second year of study. Students based in EU countries are eligible for all aspects of the programme, and some non-EU European countries are also eligible, such as Norway and Iceland.
Source: > article

How long does it take to get Erasmus grant?
Once we have sent a payment request for your grant, you should receive it in approximately two weeks. Whilst we endeavour to process all payments as soon as possible, during busy periods it may take a little longer for the grant to reach your account
Source: > global > exchanges > funding > erasmus-grant

How many times can you do Erasmus?
That depends on the country you are going to but most universities also offer courses in English. How often can I participate in an Erasmus exchange? With the new ERASMUS programme it is now possible to participate twice in an exchange but only once during your BA studies and once during your Master studies.
Source: > eth > studium > faqs_erasmus

Can you do Erasmus in final year?
Why don’t you do an Erasmus year abroad (as opposed to a semester) in between your penultimate and final year, that way the grades you receive wouldn’t impact your degree classification. Yes, speak your university’s Erasmus/study abroad office.

Origins of the name
The programme is named after the Dutch philosopher, theologian, Renaissance Humanist, monk, and devout Roman Catholic, Desiderius Erasmus of Rotterdam, called “the crowning glory of the Christian humanists”.
Source: > Wiki > Erasmus_Programme

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