Eligible costs: fixed funding rates for living costs
LBS is an Austrian higher education institution. Therefore funding will be calculated based on the eligible amount for Austrian students.
Group 1: higher living costs
DEN, IRE, FRA, ITA, AUT, FIN, SWE, UK, LIE, NOW, (SUI)
Group 2: medium living costs
BEL, CZE, GER, GRE, SPA, CRO, CYP, LUX, NED, POR, SLO, ICE, TUR
Group 3: lower living costs
BUL, EST, LAT, LTU, HUN, MLT, POL, ROM, SVK, FYROM
High range grant (EUR 250-500 per month)
Group 2 to Group 1
Group 3 to Group 1 and Group 2
Medium range grant (EUR 200-450 per month)
Group 1 to Group 1
Group 2 to Group 2
Group 3 to Group 3
Lower range grant (EUR 150-400 per month)
Group 1 to Group 2 and Group 3
Group 2 to Group 3
Funding will be calculated based on an actual day-count calculation. 80% of the grant will be paid at the beginning of the mobility period, 20% after its successful conclusion and reporting.
Additional expenses cannot be reimbursed.
Students with special needs (i.e. physical or mental illness or disability and/or mobility with children) can apply for additional financial assistance. No special needs assistance will be granted based on socio-economic needs.
Double funding is clearly not permitted. Recipients of Austrian Studienbeihilfe or Selbsterhalterstipendium can transfer their benefits to the destination country during the Erasmus+ mobility period. However, they will only receive a top-up amount from Erasmus+.
LBS students are not exempt from tuition fees at LBS during Erasmus+ mobility.
Any attempt of fraud entails serious legal consequences and the full funding has to be paid back.