The Parliament approves ERASMUS + !November 19, 2013
Funding Scheme: 2013-11-19
Pgm2014 2020: Yes
The new EU programme for education, training, youth and sport has been approved today.
The EU’s new Erasmust+ programme, which will fund grants for students, teachers, trainers and apprentices to study abroad in the EU, was approved by the European Parliament on Tuesday. Youth leaders, volunteers and young sportsmen and women will also be eligible. A new guarantee mechanism will also enable master’s degree students to get cheaper loans to study abroad.
Erasmus+ will bring together the EU education, training and youth programmes Comenius, Erasmus, Erasmus Mundus, Leonardo da Vinci (professional training) and Grundtvig under a single umbrella, and include sport for the first time. These sub-programmes keep their labels, which are well known to the public.
With a total budget of about €14.7 billion, Erasmus+ will help young people aged 13 to 30 to study abroad and offer master’s degree students a loan guarantee mechanism enabling them to get soft loans ranging from €12,000 (for a one-year master’s degree) to €18,000 (two years), to study in another EU country. Parliament stresses that this mechanism must not replace any existing national grant system or prevent the creation of lending mechanisms at national level.
Erasmus+ will also support new partnerships between teaching institutions and firms. « Knowledge alliances » and « sector skills alliances » should permit training in a real working environment, new teaching approaches and new courses tailored to the world of work.
Url description: Press Unit - European Parliament