Money Matters - Study Exchanges
All students participating in the Erasmus programme are entitled to apply for Erasmus funding to support the additional costs of studying abroad. Please note that the Erasmus grant is not a full scholarship, and therefore students will need to have their own financial resources in addition to the grant in order to meet their expenses during the Erasmus period.
The Erasmus Study Exchange funding allocations 2014-2015:
|Country||Study Exchange (per month)*|
Belgium, Bulgaria, Czech Republic, Germany, Greece, Croatia, Cyprus, Luxembourg, Netherlands, Portugal, Slovenia, Iceland, Turkey, Estonia, Latvia, Lithuania, Hungary, Malta, Poland, Romania, Spain, Slovakia, Former Yugoslav Republic of Macedonia
*Grants are calculated according to number of days of study exchange (i.e., from first day of attending receiving institution or host company to the final day).
The grant will be paid in two instalments.
1st instalment: when the student has completed the first month of the Erasmus exchange period.
2nd instalment: when the student has completed the agreed exchange period, and submitted a student report.
There will be three grant payments for two-semester exchanges.
1st Instalment: when the student has completed the first month of the Erasmus period.
2nd Instalment: at the start of the second semester.
3rd instalment: when the student has completed the agreed exchange period, and submitted a student report.
Students will be required to sign a receipt for each grant payment.
SUSI/Local Authority Grant Entitlement during Erasmus Period
Students who receive a SUSI or other educational grant to attend MTU, or who have a MTU registration fee waiver, are entitled to retain these entitlements whilst on Erasmus. One grant does not cancel out the other. Students must be registered for their MTU course before they are entitled to do an Erasmus study exchange. The host Erasmus institutions are not allowed to charge registration or tuition fees to Erasmus students. However, students going to Germany are required to pay “social fees” for each semester. These cover a local transport season ticket and Students’ Union fees.