Erasmus+, the new EU program

Last year, the famous EU Erasmus program seemed about to disappear, due to severe budget cuts. Since January 2014, the program has been replaced by Erasmus+, which will enhance international mobility opportunities until 2020. What exactly is the purpose of this new European program? The idea is to allow more than 4 million people, including 2 million students, to gain a valuable experience abroad in order to boost their employability. Overview of the benefits of the Erasmus+ program.

More budget

With a budget of 14.7 billion Euros over 7 years, which represents a 40% increase compared to the 2007-2013 spending, Erasmus+ is an ambitious program. Thus the number of program participants should be doubled and the grant amounts will be higher. During a study abroad experience, students will receive a €150 to €500 monthly grant, depending on the country. For an internship abroad, the allotted grant will vary between €250 and €700 per month. Also, Master’s level students will be able to benefit from a loan scheme to go study in another European country. Maximum loan amount is of €12,000 for one year and €18,000 for 2 years.

More simplicity

There used to be many different international mobility programs (Erasmus, Comenius, Leonardo da Vinci, Grundvig…), not all equally renowned and not always very user-friendly. With Erasmus+, simplicity is the watchword! The new program brings together 7 EU programs with 3 types of key action:

  • learning mobility of individuals,
  • cooperation for innovation and exchange of good practices,
  • support for policy reform.

Erasmus+ is designed for broader range of users:

UsersType of mobilityStay abroad period/length
StudentsMobility for studiesbetween 3 and 12 months
StudentsInternship mobilitybetween 2 weeks and 12 months
Trainees and apprenticesInternship mobilitybetween 2 weeks and 12 months
Recent graduatesInternship mobilityInternship to be completed less than a year after graduating
Young peopleVoluntary placementsbetween 2 weeks and 12 months
StaffTraining courses, seminars, job shadowingbetween 2 weeks and 12 months
Youth workersTraining courses, seminars, job shadowingbetween 2 weeks and 12 months

More opportunities

Erasmus+ is a more global program. Countries neighboring the EU are especially concerned by this opening of the program to a larger number of nations. Though there currently are 34 European program countries, almost all the other countries in the world have become Erasmus+ partner countries. Higher education students will be able to gain international experience outside the EU. Mobility opportunities will also be offered to students from third countries. Erasmus+ paves the way for mobility for all.

To find out more about Erasmus+:

Take a look at the European Commission website or read the Erasmus+ program guide.

Date of publication April 11, 2014

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