International Funding Opportunity: Financing for Your Overseas Sojourn Through Erasmus+ Scholarship Program
The Erasmus+ Scholarship, a financial aid offered by the Austrian Exchange Service (OeAD) for students studying or interning abroad through the Erasmus+ Mobility Program of the European Union, provides financial support to cover additional travel and living costs. Here's a comprehensive guide on how to apply for this grant.
**Application Process**
To apply for the Erasmus+ Mobility Grant, students typically need to follow these steps:
1. Submit your application through your institution's Erasmus+ office or National Agency, which includes completing all required content sections of the application form and attaching necessary annexes. 2. Once all sections are complete, submit the form online via a dedicated portal. 3. For higher education mobility consortia (KA130-HED), follow specific guidance as the sections required can vary depending on the form type. 4. You may also need to submit a Grant Agreement (GA), signed and returned before your mobility starts, typically at least 10 days before the beginning of your stay. 5. The Erasmus+ grant requires fulfillment of certain study requirements during your exchange/study period.
**Eligibility Requirements**
To be eligible for the Erasmus+ Scholarship, you must:
1. Be registered in a study program at a participating higher education institution. 2. Be selected by your home institution or Erasmus+ National Agency. 3. Meet the academic criteria set by your institution and Erasmus+ programs. 4. The mobility is usually linked to academic activities (study abroad or traineeships) and the grant depends on the duration of your stay. 5. Students usually need to have completed a minimum number of ECTS credits in their ongoing studies and fulfill credit requirements during mobility.
**Scholarship Amounts**
The Erasmus+ grant amounts vary by country group according to costs of living:
- Group 1 (High living costs): Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Norway, Sweden - €390 per month - Group 2 (Medium living costs): Cyprus, Czechia, Estonia, Greece, Latvia, Malta, Portugal, Slovakia, Slovenia, Spain - €330 per month - Group 3 (Low living costs): Bulgaria, Croatia, Hungary, Lithuania, North Macedonia, Poland, Romania, Serbia, Turkey - €330 per month
The grant is calculated per full month abroad, with partial months prorated accordingly. Maximum grant durations may vary, and some institutions set a cap like 2 months + 17 days (77 days) maximum funded period.
**Summary**
To be eligible for the Erasmus+ Scholarship, you need the "Erasms+ Student" status, which is granted upon signing the grant agreement on Mobility Online. The study period abroad must be between two and twelve months, and you may not exceed the twelve months per study cycle.
All students at an Austrian university are eligible for the Erasmus scholarship under certain conditions. If you still need a student bank account for the scholarship, you can find an overview of Austrian providers online. If you do not meet the requirements or withdraw from the stay, you will have to repay the grant.
For specific deadlines, detailed instructions, and supporting documents, always consult your institution's Erasmus+ coordinator or National Agency website. Students with disabilities, children in need of care, chronic illnesses, or students receiving study grants can apply for the Top-Up for Students with Fewer Opportunities.
For internships abroad, the intended internship must be relevant to your studies. For eco-friendly travel, students can apply for the Green Travel Top-Up, a subsidy for travel by bus or train. You must submit your university's recognition certificate for the second installment. The amount of the Erasmus Scholarship mainly depends on the destination country.
- Adept individuals seeking to enhance their personal-finance know-how and understanding of education-and-self-development subjects might find valuable resources in the online scholarship application process for Erasmus+, as scholarships awarded offer support for additional travel and living costs during participation in the Erasmus+ Mobility Program.
- If you're considering pursuing a personal-finance education pathway and are planning to study or intern abroad, consultation with learning materials about Erasmus+ Scholarship eligibility, requirements, and amounts may provide crucial information to enable you to apply effectively.
