FINANCIAL SUPPORT

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  • FINANCIAL SUPPORT
  • The European Commission may offer financial support to selected students. The amount of the monthly grant is determined each year by the National Agency and announced in the Application Guide.
  • Students are required to sign “Erasmus Grant Agreement” to receive their Erasmus grant.
  • The students who benefit from the EU grant will provide the office with their Euro bank account (Deniz bank) details with an official document and following this, a Grant Agreement is formed and signed by both ABU and the student.
  • Upon the completion of signatures, 80% of the total grant is transferred to the student’s account. 20% is paid after the student fulfill all the requirements, if not, remaining amount will not be transferred. Payments will be made in Euros.
  • Paid financial support in not meant to be reimburse, it is for financial assistance for mobility.
  • The real amount is calculated according to documents that students submit to International Programs Office at the end of their program.
  • Actual Erasmus Study/Training Mobility period will be calculated according to “Letter of Confirmation” -  document supposed to be prepared by host institution and entry – exit stamps on the student passport.
  • Students who received their Erasmus grant but not able to attend or complete the program for any reason are required to refund grant within 15 days.


Grants:

COUNTRY TYPES

HOST COUNTRIES

MONTHLY GRANTS FOR STUDY

MONTHLY GRANTS FOR INTERNSHIP

1.and 2. group countries

Austria, Denmark, Finland, France, Ireland, Iceland, Italy, Liechtenstein, Norway, Sweeden, United Kingdom, Luxembourg, Germany, Belgium, Holland, Spain, Italy, Portugal, Malta, Greece.

500

600

3.group countries

Bulgaria, Czech Republic, Estonia, Croatia, Lithuania, Latvia, Hungary, Macedonia, Poland, Romania, Slovakia, Slovenia.

300

400