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Financial Reality

Living Costs:
The €1,400 Stipend vs. Reality

The Erasmus Mundus scholarship pays €1,400 per month. In some cities, that's plenty. In others, it doesn't even cover rent. Here's the honest, city-by-city breakdown.

The Funding Gap Reality

The €1,400/month stipend covers everything in theory. In practice, it depends entirely on where the consortium sends you.

City Cost Calculator

Select a city and lifestyle to see your monthly budget.

Stipend€1,400
Living costs

Budget Survival Tips

Restaurant meals in Western Europe: €10–20. Home cooking: €3–5. Learn to cook before you leave. Batch cooking saves time during exam periods.

Get your student ID immediately. Transport passes, museum entries, gym memberships, software — all discounted 30–70%. ISIC card works across countries.

A room in a shared flat costs 40–60% of a studio. In Amsterdam: €600–900 vs €1,400+. In Paris: €500–700 vs €1,000+. Connect with other Erasmus Mundus students for flatshares.

Understand the Full Financial Picture

Living costs are just one piece. Explore housing strategies, visa fees, and what the scholarship actually covers.