Finance globed
Each year, 25 students join our programme, either receiving the Erasmus+ scholarship or as self-funding students.
GLOBED CONSORTIUM
Erasmus+ Scholarships
The Globed Consortium will grant 15* Erasmus+ Scholarships for each edition (2019/2021, 2020/2022, 2021/2023 and 2022/2024). Plus, 3 more scholarships for ENI South country students will be allocated along this period.
SUBSISTANCE EXPENSES
PARTICIPATION COSTS
INSTALLATION COSTS
MEDICAL INSURANCE
ERASMUS+ SCHOLARSHIP ELIGIBILITY RULES
-For Editions IV, V, VI and VII (2019-2024), a total of three (3) scholarships will be given to students coming from ENI South countries: Algeria, Egypt, Israel, Jordan, Lebanon, Libya, Morocco, Palestine, Syria and Tunisia.
-A minimum of 75% of the Grants must be allocated to Partner Country students.
-Partner Country Students who have lived or carried out their main activities (studies, work…) in a Programme Country for more than 12 months in the past 5 years will be considered as a Programme Country student.
-A maximum of 3 Grants will be allocated to students from the same country.
-Students with more than one nationality must state with its applications under which one are willing to apply.
*Grant will be temporarily stopped for those students willing to do their internship or fieldwork at their home country.
**Grant will be temporarily stopped for those Partner Country students willing to stay for more than 3 months (internship + fieldwork) in a Partner Country.
GLOBED CONSORTIUM
Self-funded students
The Globed Consortium will grant 10 seats to self-funding students for each edition.
PARTICIPATION COSTS
It includes complete insurance covering all requirements set by Educational and Culture European Agency, including worldwide coverage during 24 months.
TERMS OF PAYMENT
Erasmus+ Master Loan
Now, with the Erasmus+ Master’s Degree Loan, it’s easier than ever to study for a Master’s Degree in a European University.
Whatever your age and income, you can apply to the loan without security of any kind. And best of all: you will start repaying it a year after you finish your studies.
Frequently Asked Questions
Which is the maximum amount I can ask for it?
18.000€
Can I ask for a smaller amount if I don’t need the maximum amount of 18.000€?
Yes.
Do I need any security?
No.
When I have to repay the loan?
The maximum grace period is 42 months for master’s degrees longer than 1 year.
Who can apply?
Residents in any of the EU State Members (28) + its Associate State Members (Iceland, Turkey, Norway and the FYR of Macedonia).
Can I finance a master’s degree in the Erasmus Mundus programme?
Yes, as long as you live in Spain.
Are there interest rates?
Yes, 5.50% annual, fixed throughout the term of the loan.
For more information, please visit Microbank website.
Other scholarship
We encourage self-funding students to check all the available scholarships in their origin countries before their departure. Below you can find some possibilities that may be of your interest.
| ORGANIZATION | COUNTRY | SCHOLARSHIP | REQUIREMENT | |
|---|---|---|---|---|
| CONICYT (National Council of Science and Technology, Chile) | Chile | 40.000 € | Chilean citizens | + |
| MoE Scholarship | Taiwan | 12.000 € | Taiwanese citizens | + |
| Asociación Universitaria Iberoamericana de Postgrado | Latin America | 1.200 € | Latin American | + |
| AGAUR | Spain | - | EU citizens | + |
| European Traineeships | EU | Internship related | Everybody | + |
| Fundació Autònoma Voluntària | Spain | Fieldwork related | Everybody | + |
| Santander | Spain | - | Everybody | + |
Health insurance
The GLOBED M.A. students are provided with worldwide travel insurance by the insurance broker Dr-Walter. The validity of this insurance plan begins 2 months prior to the official start date of the program and until the end of it.
For more information about the General Conditions of Dr-Walter, click here. If you have questions about the insurance you can contact Dr-Walter by email to international@dr-walter.com. In case of emergency situations when assistance is needed immediately, please contact +49 (0) 89 55 987 -641.
The insurance payment is included in the Scholarship for those students granted with an Erasmus+ Scholarship; and included in the participation fees for self-funding students, so no extra payment is required for any student.