Financing your Study Abroad

During your semester abroad, you will have the opportunity to study at our European Erasmus+ partner universities with an Erasmus+ grant. The monthly Erasmus+ grant can range from €490 - €600 per month, depending on the country category. You do not have to apply separately for an Erasmus+ scholarship - the organization is handled by the International Office.

You have the possibility to apply for an Erasmus+ scholarship at the International Office if you are going to do an internship in one of the Erasmus+ program countries. The scholarship can be between 640-750 € per month, depending on the country category.

ISM places special emphasis on internationality in the area of teaching. Every semester, ISM welcomes international guest lecturers and sends selected lecturers to an Erasmus partner university for a guest lectureship. In this way, the teaching offer is enriched and the exchange of knowledge and experience about pedagogical methods is promoted. The Erasmus+ lecturer mobility is organized by the International Office.

More information about the Erasmus+ program can be found on the websites of the EU Commission and the DAAD.

ISM staff (administration) can also participate in stays abroad supported by Erasmus+ funds. All administrative staff can apply for this staff development measure and contact the International Office if they are interested. These measures must be coordinated in advance with the respective supervisor (head of department) and the management. Staff from the Erasmus partner universities can also come to ISM for a staff development measure.

Students receive the regular monthly stipend for three months of their study abroad or for two months of their internship abroad.

Group 1 (600 Euro/month*): Dennmark, Finland, Irland, Island, Liechtenstein, Luxemburg, Norway, Sweden.

Group 2 (540 Euro/month*): Austria, Belgium, France, Greece, Italy, Malta, the Netherlands, Portugal, Spain, Cyprus.

Group 3 (490 Euro/month*): Bulgaria, Estland, Croatia, Letonia, Lithuania, Poland, North Macedonia, Romania, Serbia, Slovakia, Slovenia, Czech Republic, Turkey, Hungary.

(* current scholarship amounts, top-ups of up to 150 Euro for internships)

For more information on your rights and obligations as an Erasmus student, see the ERASMUS+ Charta (PDF) for students.

New are the Top-ups for students with fewer opportunities and the Top Up "Green Travel".

Top-up for students with fewer opportunities

• Students with disabilities (GdB of 20 or more)
• Students with chronic illness (who have a higher financial burden during their study abroad)
• Students who start their study abroad with child(ren)
• First-time students
• Working students

These students will receive a Top Up of 250 Euro/month in addition to the regular monthly Erasmus grant for the entire period of their study or internship abroad.

Top Up: Green Travel

Refers to the outward & return journey to the target destination of the study or internship abroad, using low-emission means of transport such as bus, train or carpooling for the majority of the journey.

If at least 50% of the outward and return journey is covered by Green Travel, you will benefit from the Green Travel Top Up in the amount of 50 Euro. If you need more time to travel to and/or from your destination due to Green Travel, you can receive up to 4 additional days of funding.