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Fees and finance

Tuition fees

As an exchange student from one of our Erasmus+ partner universities you will not have to pay any tuition fees at QMUL.

Erasmus+ ICM grant

One of the significant advantages of the Erasmus+ International Credit Mobility (ICM) Programme is the financial assistance it gives you to study abroad.

If your institution selects and nominates you for the programme, you are eligible to receive a support grant to help towards the additional costs of going on an exchange. It’s important to note that this is a grant towards your costs: it won’t cover them entirely. You will also get a grant to contribute towards travel.

The fixed grant amount varies from year to year and it depends on where you are studying. Your Erasmus+ Coordinator will be able to tell you how much your grant will be before you start your exchange.

Erasmus+ grant payments 

As an Erasmus+ ICM student, QMUL will administer your Erasmus+ ICM grant while you study with us. The grant is made up as follows (Please note: the grant rates below are for the 2017/18 academic year):

Individual support grantTravel grant Eligibility to maintain existing bursaries and loans from home country?

EUR 850/month of exchange1

Between EUR 360 and 1,1002

Yes

1 The individual support grant awarded is meant to contribute towards (not cover) your subsistence costs (accommodation, food, living expenses) while you are abroad.

2 The travel grant is fixed and calculated following the EU Distance Calculator tool on the European Commission’s website. The distance is to be calculated one-way– ie from QMUL to the destination city of the receiving organisation. This one-time travel grant is meant to contribute towards (not cover) the total cost of your outward and return journey.

Formal agreements

Before you go on your placement, you will have to submit two documents to secure your grant/s. You are also required to complete a BACS form for Finance and a Risk Assessment form for Insurance. 

Your grant agreement

Before you go on your exchange, you will have to sign a grant agreement with QMUL, formally accepting the grant and acknowledging the obligations you enter into when you accept it. This agreement will be issued by QMUL's Erasmus+ Institutional Coordinator. 

Your Learning Agreement

You also need to submit your Learning Agreement (which is linked to your grant agreement) before you begin your exchange. This agreement includes your forecasted study plan/ modules and must be approved and signed by all three parties prior to submission (yourself, the Erasmus+ Coordinator from your home institution’s academic department and QMUL). 

If you do not submit these documents before you start your placement, you won’t be eligible for funding.

These are the funding rules of the European Commission.

How the support grant is calculated

The support grant is calculated from the first day you have to attend your place of study or traineeship, including any induction days etc. The end date is the last date you need to be present at your placement. (This is your Erasmus+ period.)

Payment of the grant                                                                                                                   

The support grant will be converted into3 and paid in Sterling and only into partner country bank accounts in the respective country of residence.

You have to be the account holder: the grant cannot be paid into another person’s account.

The grant is paid in three instalments:

  • you will receive the first payment, representing your entire travel grant plus 30 per cent of your support grant, before the start of your Erasmus+ period.
  • you will receive the second payment, (representing 50 per cent of your support grant) upon arrival at QMUL.
  • you will receive the third and final payment (representing the remaining 20 per cent of your support grant) after the end of your Erasmus+ period and upon submission of the online EU survey.

3  QMUL uses the conversion rate from the day it receives the grants from the UK Erasmus+ National Agency. Any financial transaction fees charged to the participant by the participant’s bank to receive, withdraw or convert the payments into local currency will be paid by the participant and cannot be claimed for reimbursement.

Living costs

To find out about costs of living and for advice on how to plan a budget you can visit our Advice and Counselling site.

We have some tips on how to make the most of you time in London (and save money) here

Accommodation

For details of your accommodation options, please see the Accommodation page. For estimated accommodation costs, please visit the Residences website.

 

 

 

 

This project has been funded with support from the European Commission (EC). The content of these web pages is the sole responsibility of Queen Mary University of London. The EC cannot be held responsible for any use that may be made of the information contained in these pages.

 

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