Financing Tips

Erasmus Mundus Postgraduate opportunities

Erasmus Mundus is a European mobility programme for higher education. If you are looking to do postgraduate studies in either another EU member state or a selected third country, the following will provide you with a brief overview of some of the options you have to fund such an endeavour.
Postgraduate Erasmus opportunities
Postgraduate Erasmus opportunities

Erasmus+ Masters Loans

Studying abroad can be expensive. In order to support you financially, the Erasmus+ programme offers students wanting to take full Masters level degrees abroad Erasmus-backed loans on more affordable conditions.
If you fulfil the necessary requirements you can apply for a loan up to 12,000 Euro for a 1-year and 18,000 Euro for a 2-year Master programme.

The necessary requirements are:

  1. The Master programme has to be in a different country from your country of residence
  2. You must not have obtained your Bachelor degree in the same country
  3. You have to be a resident of one of the Erasmus+ programme countries
  4. The successful completion of your undergraduate degree (Bachelor or equivalent)
  5. Acceptance for a full-time Master programme or equivalent at an Erasmus chartered Higher Education Institution

Other Erasmus Mundus funding opportunities

The Erasmus Mundus Joint Master’s Degree (EMJMD) offers EU-funded scholarships for designated programmes. A list of the programmes currently on offer for 2015/2016 can be found here
You will be able to apply to a maximum of three programmes and if successful you can expect to be covered for your participation costs such as your tuition fees, full insurance coverage and any other mandatory costs of the course, a contribution to your travel and installation costs as well as a subsistence allowance for the duration of the programme.

Similarly, the Erasmus Mundus Joint Doctorates (EMJD) offer EU funded fellowships for doctoral programmes, which offer fellowships covering up to three years of doctoral activities. Here the focus is generally on a research theme. You can find a list of currently offered programmes here

Another option to look into is Erasmus Mundus Partnerships. These intend to bring together higher education institutions from Europe and other selected regions of the world by managing mobility flows between two particular regions. These partnerships target members of all academic levels ranging from undergraduates to post-doctorates and even academic staff. The scholarships you can apply for here usually cover your costs for participation, subsistence and insurance as well as a contribution to your travel expenses.
The best way to find suitable partnerships is to browse the current list of offers for nationals of your country.

Marie Sklodowska-Curie Actions

Since last year you also have the opportunity to apply for new Doctoral Programmes and additional doctoral fellowships under the Marie Sklodowska-Curie Actions. These actions aim to support researchers from any country, at all stages of their careers, across all disciplines. If successful, you can not only expect generous research funding, but also additional possibilities to gain experience abroad and/or in the private sector, providing you with more versatile training which could aid your future career.
If you think that this option could be something for you, you can find more information here