If the student is eligible for the Finnish study grant provided by Kela, the grant applies also for the exchange periods. Housing supplement may be higher or lower depending on the cost of living in the host country. You need to contact Kela to find out more about Kela grant whilst an exchange.
Practical matters relating to the exchange and the grant
The minimum duration of an exchange period is 3 months. Usually exchanges last either spring or fall term and in some cases the semester is pre-determined. Double degree exchanges last one academic year. The minimum amount of ECTS credit points to be earned at the host institution during the exchange is 20 ECTS, but it is highly recommended to earn more. If you doubt that you will earn the required amount, inform home university of this and ask the host university if it is possible to do exams from Vaasa or do some extra work to compensate for the missing credits.
Students participating in the student exchange must first discuss with the School study councelor about the courses to be done at the exchange. Together with the School study councelos make a Learning Agreement and provide Mobility Services with a copy of this agreement.
Students need to submit the following documents to Mobility Services at University of Vaasa within 1 month after their exchange has ended:
- Learning Agreements (one drafted before exchange and other one during exchange. Erasmus-students must ensure that one of the agreements has signatures/stamps of both University of Vaasa and host unviersity)
- Transcript of Records from host university / copies of the course certificates
- Report of their study period (Erasmus-students must also submit Commision's own EU-survey)
- Erasmus-students must take OLS language test before and after the exchange
Failing to deliver the required documents and other requirements of the exchange will result in reclaiming of received study grant (possibly with interest)!
Student must inform Mobility Services immediately if they cancel or terminate their exchange!
Grant will not be paid for virtual exchange completed from home country. Virtual exchange may as a rule be possible only in force majeure cases, for example in autumn 2021 for reasons related to the COVID-19 pandemic. Student should contact Mobility Services who will evaluate the prerequisites for virtual exchange.
Erasmus is funded by the European Commission, which gives money to Finnish national agency that then distributes the money to individual universities. Grants given to students vary every year depending on the amount of grant given to the University and how many students are eligible for it.
Academic year 2020/21 the monthly grant to the more expensive countries defined by Commision (Denmark, Iceland, Ireland, Lichtenstein, Luxembourg, Norway, Sweden, United Kingdom) was 470 EUR / month.
The monthly grant to the cheaper countries defined by Commision (Austria, Belgium, Bulgaria Croatia, Czech Republic, Cyprus, Estonia, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Turkey, Former Yugoslav Republic of Macedonia) 420 EUR /month.
The grant is based on the total amount of months and indivual days over/under a month, for which the student will receive extra/have to pay back daily grants (5 day flexibility). More detailed information on this to the selected Erasmus-students in June and December.
In addition Erasmus-programme offers extra suppot for students with disabilites and/or with children. More information from the coordinator and in the emails in June/December.
Erasmus+ Global Mobility grant
Erasmus+- global mobility grant is paid to bilateral destinations. The destinations and grants change every year depending on the funding received from the Commission.
The travel grant consists of travel grant and individual support, which is 700 EUR for each full month. The travel grant is dependent on the distance of the destination ie:
- Russia, St. Petersburg 275€
- Ukraine: 275€
- Jordan: 560€
Nordplus-programme is financed by the Nordic Ministry Council, which gives money to individual Nordplus-networks (Nordlys, Norek, Nordtek, Statskunskap). Grants to students are paid via the University or by the indivual network.
Nordlys-travel grants are paid via the University and the grant is approximately 500-800 EUR / exchange. The grant is based on the financial situation of the network and number of students eligible for the grant.
Norek-travel grants are paid via the University and the grant is approximately 800-1000 EUR / exchange. The grant is based on the financial situation of the network and number of students eligible for the grant.
Nordtek and Statskunskap-travel grant is paid by the network directly to student. The University notifies the network on the eligible students and network informs the student on the grant and paymend details. The amount of grant depends on the financial situation of the network.
FIRST+ programme supports students mobility between Finnish and Russian higher education institutions. The programme is funded by Ministry of Education and Culture and the Finnish National Agency for Education.
Students traveling for regular one semester exchange will receive automatically the grant. The monthly grant is 560 EUR .
If youre a student of University of Vaasa and youre an Russian citizen you may be eligible for the funding if you have completed primary school and or high school in Finland.
In addition FIRST+ -programme offers extra suppot for students with disabilites and/or with children. More information from the contact person and in the emails in June/December.
The University pays the travel grant to the bilateral exchange destinations of the University. The grant depends on the exchange destination and the financial situation of the University, the amount is usually 800 - 2000 EUR for an exchange.
Scholarships of the host university and/or host country
In some cases the host university or host country provides scholarships for incoming exchange students. In these cases the university is often asked to rank the students in order of preference and this is done by looking at the study success of the student (GPA and number of credits). If the student gets a scholarship this way, he/she is not entitled to the university's own travel grant (if the scholarship is higher thant the grant, if the scholarship is lower than the grant the difference between the two will be paid to the student).