Study abroad: This is how much funding there is in 2024/25!

Study abroad: This is how much funding there is in 2024/25!

Studying abroad is a dream for many students, and with the Erasmus+ program, this dream is now more tangible. The exchange program offers interesting financial support for students at European universities and ensures that their stay abroad is not only unforgettable but also affordable. Haw Kiel reports that the amount of funding depends on the target country. The offer is particularly attractive for countries in the first funding group, such as Belgium, Denmark and France, where students can receive 600 euros per month. For students traveling to Estonia, Greece or Spain there is 540 euros per month.

Financial support is not limited to the amount of the scholarship. The total amount of funding is based on the length of the stay, with arrival and departure days also being taken into account. For an internship abroad there is even an additional subsidy of 150 euros per month.

How does the financing work?

The Erasmus+ scholarship is paid out in two parts: 80% after signing the contract and the remaining 20% ​​after returning from abroad. In addition, travel expenses can be claimed based on the distance to the host university, and environmentally friendly means of transport such as buses, trains or bicycles are additionally supported. A special grant for students with special needs, the so-called “Fewer Opportunities-Top Up”, can also be applied for and amounts to 250 euros per month.

An illustrative example to illustrate this: A stay in Finland of 131 days could be funded with a total of 2969 euros, whereby the amount depends on the travel allowance and additional travel days. In the case of the “Fewer Opportunities-Top Up”, the total amount would even rise to 4,077 euros.

Who can apply?

The program is aimed at a broad audience: students in short courses, bachelor's and master's students, as well as doctoral students can submit their applications. It is important that you enroll at a university institution that takes part in the Erasmus+ program. Studying abroad must be relevant to the study goal and personal development and should be part of the study program. Loud Erasmus+ There are long-term mobility options for study stays of 2 to 12 months as well as short-term mobility of 5 to 30 days.

Another exciting aspect is the support for students who complete internships abroad or come from peripheral regions. Here they receive additional financial support to promote mobility. In addition, the online language support from Erasmus+ ensures that the language challenges of a stay abroad can be mastered more easily.

Requirements and planning

Students must make a learning agreement in advance between the sending and receiving universities in order to ensure that their academic achievements are recognized. Not only are the rights and obligations determined, but also the proof of performance after the stay is regulated. The German Student Union also points out that you should provide money before your stay in order to cover additional costs abroad. It is also worth finding out about BAföG options, as BAföG abroad can sometimes be higher than at home.

If you have any questions about Erasmus+ or financing, you should contact the International Office of your university in good time. Because a good plan is the be-all and end-all for a successful stay abroad!