Erasmus grants

European Union Grants

In order to finance the period of stay abroad within the framework of the Erasmus+ programme, the European Union assigns a study grant to each selected candidate. Although it does not cover all expenses, it can help cover additional costs such as travel expenses or greater living expenses in the host country.

The amount of the monthly installment of the EU grant is established yearly by the Erasmus+ National Agency, which may also offer special contributions for disabled persons that are ad hoc funds higher than the study grants assigned at national level.

For example, the EU study grant for the academic year 2015-2016 is:

  • 280€/month for group 1 countries (high living costs): Austria, Denmark, Finland, France, Ireland, Lichtenstein, Norway, Sweden, UK
  • 230€/month for group 2 and 3 countries (medium and low living costs): Belgium, Croatia, Czech Republic, Cyprus, Germany, Greece, Iceland, Luxemburg, Holland, Portugal, Slovenia, Spain, Turkey, Bulgaria, Estonia, Hungary, Lithuania, Latvia, Malta, Poland, Romania, Slovakia, Former Republic of Macedonia

If the actual duration of the stay (as indicated in the Certificate of stay) is shorter than that foreseen by the bilateral agreement, the student will have to reimburse the sum corresponding to the period not spent abroad.

Should the stay abroad be shortened, the contribution will be decreased proportionally. Should the stay be extended, subject to the availability of funds, the grant may be increased. 
 
Tax deductions
For all issues related to tax deductions for Erasmus grants, see the guide Studenti e fisco of the Fiscal Office - Emilia-Romagna Regional Office . The guide is valid on a national level.

 

 



University contributions

Considering that the amount of the Erasmus+ grant is low, the University of Milan may provide additional funding to allow low-income students to take part in the Erasmus+ programme. The amount and allocation criteria are established each year by the University Board of Directors on the basis of available internal resources.

Additional funds are awarded on the basis of the student’s income related to the year spent abroad and of the actual number of months spent abroad, as indicated in the Certificate of Stay, except for the extension months. In order to apply for supplementary grants, students are required to present their ISEE certification.

Erasmus+ selected students are not required to submit a specific request for these University additional funds, as they are automatically awarded on the basis of the student’s income status declared to the Students’ Office.

The mobility student will first receive the Erasmus+ grant and later, upon return to Italy, the additional University contribution.



Payment of the grant

The Erasmus+ grant is paid out in one installment in accordance with the financial regulations of the new mobility programme, as laid out by the Erasmus+ National Agency.?
The form Payment Method of the Erasmus grant allows the students to indicate the preferred payment method: bank cheque or bank transfer (as an alternative transfer to a prepaid card). 
The bank transfer is the preferred payment method, as cheques must be collected personally or by a proxy on the student’s behalf at appointed office only.