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Financial Provisions

Financial Provisions

A student may participate in the Erasmus program only if they have sufficient financial resources to cover their expenses in the host country. The Erasmus+ program provides supplementary funding for this purpose. The amount of the grant is determined by the sending institution in accordance with applicable European Union regulations.

Prior to departure, the sending institution and the student enter into a Grant Agreement, which specifies the amount of the Erasmus+ grant and the details of its disbursement.

In accordance with the terms of the Grant Agreement, the sending institution awards the grant in euros and transfers the funds to the student.

If the institution rejects the student’s application due to a lack of funds, but the submitted application meets all other formal and substantive requirements, the student has the option, upon receipt of the rejection notice, to declare that they have the necessary funds for their mobility available from their own resources.

In this case, the student may participate in the program as a so-called zero grant student, with the same legal status as Erasmus+ students but without an Erasmus+ grant.

Zero-grant student: a student who is entitled to all rights afforded to Erasmus students—except for the grant—both at home and abroad.

A student is eligible for the Erasmus mobility grant only if, during this period, they do not receive any other funding from a European Union program for the same purpose and expenses.

The institution’s funding policy

The monthly amount of the scholarship depends on two factors:

  • the amount of funding provided to the institution, and
  • the cost of living in the host country.

Students can find information about the amount of the study mobility/professional internship scholarship on the Tempus Public Foundation’s website.

Before departure, the student must sign two copies of the “Grant Agreement” and provide the account number to which they request the scholarship be transferred. If the student has a foreign currency account, the transfer requires not only the account number, the bank’s name, and address, but also the IBAN and SWIFT codes; without these, the KJE Financial Office cannot fulfill its obligation to make the transfer.

The scholarship is disbursed in two installments.

  • In the case of study mobility, the first installment (50%) is paid after the contract is signed but before departure, and the second installment (50%) is paid after arrival, provided the student submits to KJE a certificate signed by the host institution confirming this.
  • For professional internship mobility, the university transfers the first installment (70%) after the contract is signed, and the second installment (30%) after the student’s return, upon presentation of the mobility certificates.
What additional support is available to students receiving an Erasmus grant?

One of the key priorities of the 2021–2027 Erasmus+ program is inclusion and diversity.

The purpose of the equal opportunity grant is to provide additional financial support to outgoing students facing health, educational, cultural, social, economic, or geographic barriers, thereby increasing their chances of participating in Erasmus+ mobility.

Students can find additional information on the Equal Opportunities Supplementary Grant page of the Erasmus+ website.

Further information can be requested from the university’s international program coordinators at erasmus@kodolanyi.hu.

Support for Participants with Disabilities or Chronic Illnesses (SN)

Supplementary support provided to students and staff with physical, mental, or health-related disabilities, or those living with a chronic illness, which covers documented additional costs incurred beyond the standard flat rates.

Application Process: Since SN support is based on actual costs, itemized reimbursement requires the submission of official forms and medical/professional certificates, which are reviewed by the Tempus Public Foundation’s medical expert.

Further information is available on the Erasmus+ website HERE.