To finance stays abroad within the context of the Erasmus+ programme, the European Union assigns winners a grant; although this grant does not cover the entire cost of the stay, it helps cover extra costs such as travel expenses or higher living costs in the destination country.
The monthly contribution of the EU grant is set each year by the National Erasmus+ Agency, which may also allocate special funds for disabled students: the amount of the special grant may be higher than that of a standard grant.
The amount of the EU grant for academic year 2019-2020 is:
300 euros/month for group 1 countries (high cost of living): Denmark, Finland, Iceland, Ireland, Luxembourg, Lichtenstein, Norway, Sweden, United Kingdom;
250 euros/ month for groups 2 and 3 (mid/low cost of living ): Austria, Belgium, Croatia, Czech Republic, Cyprus, France, Germany, Greece, Holland, Portugal, Slovenia, Spain, Turkey, Bulgaria, Estonia, Hungary, Lithuania, Latvia, Malta, Poland, Romania, Slovakia, former Yugoslav Republic of Macedonia, Serbia.
If the actual duration of the Erasmus stay abroad (as indicated in the Certificate of stay) is shorter than the one agreed upon in the mobility agreement, the student will have to reimburse an amount corresponding to the period not spent abroad.
We suggest you consult the guide Studenti e fisco (Students and tax administration) created by the Agenzia delle Entrate (the Inland Revenue) - Emilia-Romagna regional branch. The guide is valid throughout Italy.
The University of Milan allocates additional funds to enable lower income students to take part in the Erasmus+ programme. The criteria for awarding these funds and their size are determined each year by the University Administration Board, depending on available internal resources.
They are assigned on the basis of student income - as certified by the ISEE submitted- for the year of the stay abroad and are proportional to the actual number of months declared in the end-of-stay certificate (Certificate of stay), except for any extension periods.
To obtain additional funding from the University, Erasmus+ students are not required to submit any specific requests, because funds are automatically awarded on the basis of personal economic situation, as determined by the Registrar.
How payments are made
The Erasmus + grant is disbursed in a single instalment, in accordance with the fiscal rules of the new mobility programme that the National Erasmus Agency has transmitted to universities.
The payment is made by bank transfer, or transfer to a prepaid card.