The participation costs/tuition fees do not cover travel costs from country of origin, travel costs required for the mobility (to Genk for the 1st semester, to Helsinki for the 2nd semester, to Lisbon for the 3rd semester and to one of the consortium schools for the 4th semester and for the graduation ceremony) travel documents (passport, visas), accommodation and living expenses, or other costs (e.g. Study books, stationery, photocopies, etc.). It is estimated that students will need between 600-1000€ per month living expenses for the 24-month duration of their studies.
Erasmus+ Master Loans allow students to apply for support for their Master’s studies abroad. Loans will be offered by participating banks and student loan agencies on favorable conditions to mobile students, including better than market interest rates and up to two years to allow graduates to get into a job before beginning repayment.
The loan scheme will be established in cooperation with the European Investment Bank Group and will be gradually rolled out across the Erasmus+ programme countries over the first few years of the programme.
Please get more information at ec.europa.eu/programmes/erasmus-plus/opportunities/individuals/students/erasmus-plus-master-degree-loans_en