Since 1 January 2014, the four following programmes have been united under the umbrella of Erasmus+:
With ERASMUS students can
only receive a student loan (interest) in another EU country for a complete Master's programme (lasting one or two years). A Master's programme that lasts only one year is also funded exclusively with a student loan, as the criterion "complete study" is fulfilled. For a two-year Master's programme completed entirely abroad, a split into a one-year scholarship and a one-year study loan is not possible.