ScholarshipUnion | Guides
2026 Edition Financial Guide

Scholarship Amount
The Full Financial Picture

What the Erasmus Mundus scholarship actually pays, where it falls short, and how much personal savings you really need. No marketing — just numbers.

Last updated: March 20, 2026

Scholarship Breakdown

€1,400
Monthly stipend
Full
Tuition covered
€3,000
Travel/year
€500
Installation (once)
24mo
Health insurance
~€50k
Total value (2yr)

Funding Gap by City

The €1,400 stipend looks different in every city.

Budget €2,000–5,000 in savings. Full breakdown in Living Costs.

Category A vs B Funding

75% of spots reserved. Full tuition (up to €9,000/yr for participating costs), €1,400/mo, travel, insurance. Non-EU tuition is higher, so the scholarship value per student is greater.

Only 25% of spots. Same monthly stipend and benefits, but tuition contribution is lower (~€4,500/yr max). If not funded, EU self-funded tuition is much lower (€2,000–4,500/yr vs €9,000+). See Self-Funded.

Ready to Start Your Erasmus Mundus Application?

Now that you know the financial picture, learn how to build a strong application. We'll walk you through every step — from choosing programmes to writing a winning motivation letter.