Erasmus for All: 5 million in line for EU funding

Up to 5 million people, almost twice as many as now, could get the chance to study or train abroad with a grant from Erasmus for All, the new EU programme for education, training, youth and sport proposed by the European Commission today. Among them would be nearly 3 million higher education and vocational students. Master’s degree students would also benefit from a new loan guarantee scheme set up with the European Investment Bank Group. The seven-year Erasmus for All programme, which would have a total budget of €19 billion, is due to start in 2014.

The Commission’s Erasmus for All proposal would allow:
– 2.2 million higher education students to receive grants to spend part of their education and training abroad (compared to 1.5 million under current programmes);
– This figure includes 135 000 students getting support to study in a non-EU country, as well as non-EU students coming to study in the Union;
– 735 000 vocational students would be able to spend part of their education and training abroad (compared to 350 000 under the current programme);
– 1 million teachers, trainers and youth workers would receive funding to teach or train abroad (compared to 600 000 under current programmes);
– 700 000 young people would go on traineeships in companies abroad (compared to 600 000 under the current programme);
– 330 000 Master’s degree students would benefit from loan guarantees to help finance studies abroad under a brand-new scheme;
– 540 000 young people would be able to volunteer abroad or participate in youth exchanges (compared to 374 000 under the current programme);
– 34 000 students would receive grants for a ‘joint degree’, which involves studying in at least two higher education institutions abroad (this compares to 17 600 supported under the current programme);
– 115 000 institutions/organisations involved in education, training and/or youth activities or other bodies would get funding to set up more than 20 000 ‘strategic partnerships’ to implement joint initiatives and promote exchange of experience and know-how;
– 4 000 education institutions and enterprises would form 400 ‘knowledge alliances’ and ‘sector skills alliances’ to boost employability, innovation and entrepreneurship.

This proposal is now under discussion by the Council (27 Member States) and the European Parliament who will take the final decision on the budgetary framework for 2014-2020.

The Communication, the legal basis and leaflet are available here.