The amount of money granted depends on the country of destination and on the length of the study period abroad.
Also depending on the needs and the amount of money granted, the institution settles its own rates, which lie in the range established by the Erasmus+ National Agency. There are 2 different rates: one for the first group of countries and one for groups 2 & 3 (see below).
The institution reserves the right to take the decision that some students will not be granted an Erasmus+ financial support or only a part of it (in that case, the total amount of the grant does not correspond to the total amount of months spent abroad).
Group 1: Austria, Denmark, Finland, France, Ireland, Italy, Liechtenstein, Norway, United Kingdom, Sweden.
>> In 2016/2017, the following rates apply for an Erasmus+ exchange to countries belonging to group 1: €250/month
Group 2: Belgium, Cyprus, Croatia, Czech Republic, Germany, Greece, Iceland, Luxembourg, Netherlands, Portugal, Slovenia, Spain, Turkey.
Group 3: Bulgaria, Estonia, Former Yugoslav Republic of Macedonia (FYROM), Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia.
>> In 2016/2017, the following rates apply for an Erasmus+ exchange to countries belonging to groups 2 or 3: €200/month
The payments will only be made if the student provides the required documents: attendance certificate, student report linguistic assessments and confirmed learning agreement. In the case of failure to do so, the student will have to reimburse the entire grant to the Lyon CNSMD.
Explo’RA Sup grants are allocated by the Auvergne/Rhône-Alpes Regional Authority to support student mobility. They can be granted in addition to European Union assistance for Erasmus+ exchanges. For non-Erasmus+ exchanges, they can be the main source of financial assistance and can also be granted in addition to other forms of financial support.
Only a fixed number of applications (around 20) can be handed in to the commission established by the Regional Authority selecting the mobility projects, which will be financially supported. This commission gathers twice a year (April and October).
The grant is calculated on a fixed basis of €95 a week over 17 weeks in average. For holders of French state bursaries, a fixed travel bursary of €530 is also available for beneficiaries of Crous scholarships.
Please note that the average of 17 weeks means it is possible that the Explo’RA Sup grant does not cover the entire length of the study period abroad.
Students going on mobility in Germany can obtain a grant from the Office Franco-Allemand pour la Jeunesse (OFAJ). Please note that this grant cannot be combined with an Erasmus+ grant.
If you have completed a Bachelor-level (or equivalent) qualification and already been accepted onto a full Master programme in another Programme country, you may be able to benefit from a loan. To be eligible you must live in a Programme country and your study destination cannot be in your country of residence or the country where you received your first qualification. You can only receive a loan to study at a university holding the Erasmus+ Charter for Higher Education. The loan is not available if you are only studying abroad for part of your Master qualification, though you may still qualify for an Erasmus+ grant (see above).
The rate of interest charged on the loan will vary depending on which country the bank lending the money is based. Nevertheless, the rate of interest will be lower than standard commercial rates.
You can receive a loan of up to €12,000 for a 1-year Master or up to €18,000 for a 2-year Master (or equivalent amounts in foreign currency for banks in non-Euro countries subject to currency fluctuations).
The scheme is designed to support postgraduate students and protect them from student hardship with social safeguards including:
Currently the scheme is available through banks in Spain, France and UK, for outgoing students from these countries pursuing postgraduate study abroad and students from other Programme countries going to Spain, France or UK for a Master course. As more banks from around Europe join the scheme, more destinations for postgraduate study will become available. Some 20 to 25 banks are expected to join the scheme by 2020
It is however not possible to say when exactly any particular country might be covered because the agreements with banks and student loan agencies will be done gradually on a country by country basis.
All the banks target both outgoing and incoming Master students, and applications must be made directly to them. In France, the scheme is available through two banks:
You have to apply through a branch of the banks or online, submitting the following documentation:
More information on the Erasmus+ Master Degree Loan.
Background information on Erasmus+ Degree Master Loans is available from the European Investment Fund.
GRANTS FOR INTERNATIONAL MOBILITY
A new scheme was launched to implement grants for the mobility of students wishing to undertake a study period abroad in a non-EU member state.
The number of grants allocated is very low and they are more likely to support the hosting of the student more than his departure.
You will be informed when applications will be opened at the Lyon CNSMD. In all cases, they will only be used for the mobility of students in some specific institutions (Montreal and possibly some other institutions on the American soil). For the moment, the Lyon CNSMD uses the Explo’RA Sup grants allocated by the Regional Authority to support international mobility.
The administration of the following bursaries is not handled by the Lyon CNSMD:
The Mécénat Musical Société Générale (MMSG) grant (for music students only): only students finishing their curriculum (from the end of the DNSPM3 onwards) at the Lyon CNSMD can apply for this grant. This financial help can only apply for projects between September and August. This grant can support mobility projects, but does not include Erasmus+ exchanges or exchanges after the study period at the Lyon CNSMD.
The online-platform www.european-funding-guide.eu supports pupils, students and PhD candidates finding financial aid for their academic studies. For the first time in France a special matching-method searches our database with more than 1 000 scholarships specifically targeted at French students and shows each user the matching scholarships for his curriculum.
The database contains a great variety of scholarships that support students e.g. paying their cost of living, financing their semester abroad or supporting them during their dissertation. In addition, the platform provides numerous templates for applications and articles about how to apply for a scholarship.