ESU’s input on the ERASMUS+ programme midterm review
The European Students’ Union (ESU) calls on the European Commission to increase accessibility and quality of the ERASMUS+ programme, providing more opportunities for students and staff members from underrepresented backgrounds to participate in mobility programmes.
In the next period (2021-2027) more resources should be allocated to ERASMUS+ programme or its successor. Currently, the ERASMUS+ programme receives only 1.36% of the EU budget.
On the other hand, 3.5% of the total budget allocated to the ERASMUS+ goes to the master loan scheme. This scheme should be ceased as it does not increase the accessibility of mobility. It has not proven to be fit for purpose to increase the accessibility of mobility, and banks from only four countries have signed the contract with the European Investment Fund, indicating that the system is not working. Until February 2017 only 130 students have used this financial instrument. The money should instead be re-invested in grants for the student mobility.
ESU thinks that funding should be invested in support mechanisms like grants, and not financial instruments that benefit the banks more than they benefit students.
For more information, please download the file below:
Summary of ESU’s input to the ERASMUS+ programme midterm review