Erasmus Mundus Scholarship Amount 2027: The Full Financial Picture
What the Erasmus Mundus scholarship actually pays for the 2027 intake, where it falls short, and how much personal savings you really need. No marketing — just numbers.
ScholarshipUnion Editorial
2 min read
Updated Oct 5, 2026
Scholarship Breakdown
Under the current Erasmus+ rules, an Erasmus Mundus Joint Masters scholarship is €1,400 per month for the whole programme — 12, 18 or 24 months depending on the master. On top of that, the consortium may not charge you tuition or any other mandatory participation costs, and it must give you full insurance cover.
The monthly amount is a single contribution that has to cover travel, visa, installation and subsistence. There is no longer a separate travel allowance or installation grant, so flights between countries, visa fees and housing deposits all come out of the €1,400.
| Programme length | Stipend paid | Plus |
|---|---|---|
| 12 months (60 ECTS) | €16,800 | Tuition waived, insurance |
| 18 months (90 ECTS) | €25,200 | Tuition waived, insurance |
| 24 months (120 ECTS) | €33,600 | Tuition waived, insurance |
Counting the tuition you don't pay, we estimate the total value of a two-year scholarship at around €50,000. The €1,400 monthly rate is set in the Erasmus+ Programme Guide, EMJM section.
Funding Gap by City
Living costs →The €1,400 stipend looks very different in every city. Here is how it compares with typical monthly living costs.
| City | Living costs / month | vs €1,400 stipend |
|---|---|---|
| Amsterdam | €2,152 | −€752 gap |
| Reykjavik | €1,940 | −€540 gap |
| Paris | €1,883 | −€483 gap |
| Helsinki | €1,700 | −€300 gap |
| Barcelona | €1,600 | −€200 gap |
| Ghent | €1,350 | +€50 surplus |
| Lisbon | €1,300 | +€100 surplus |
| Warsaw | €1,000 | +€400 surplus |
Budget €2,000–5,000 in savings. Because travel and installation now come out of the same monthly amount, the gap in expensive cities is real. Full breakdown in Living Costs.
Category A vs B Funding: What Changed
Older guides describe two funding packages. Under the pre-2021 rules, Category A (non-EU) scholars held about 75% of spots, and the scholarship paid participation costs of up to €9,000 a year plus the stipend, travel and insurance — non-EU tuition was higher, so each scholarship was worth more. Category B (EU/EEA) scholars held only about 25% of spots, with the same monthly stipend but a lower tuition contribution (about €4,500 a year at most).
For masters selected from 2021 onward — every programme recruiting for September 2027 — that distinction is gone. All scholarship holders receive the same package: €1,400 a month, no tuition or participation fees, and full insurance. The only quota is that no more than 10% of a programme's scholarships can go to one nationality.
If you are admitted without a scholarship, fees are set by each consortium and vary by programme. EU self-funded tuition is often lower (around €2,000–4,500 a year) than non-EU tuition (€9,000+). See Self-Funded Option.
Related Guides
A realistic monthly budget, city by city.
Admitted without the scholarship.