�� Recent Wall Street report affects home buyers mindset. (Moodys Analytics)

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Yahoo Finance’s Emily McCormick breaks down the stat of the day.
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Link: https://www.eacea.ec.europa.eu/scholarships/erasmus-mundus-catalogue_en
Studying abroad is a grand opportunity that not many get to experience. Those who do often stay in one country for the duration of their programme — Erasmus Mundus scholarship 2023-24 recipients, however, have the privilege of completing their studies in two or more countries.

No matter which part of the world you are from, you are eligible to take part in Erasmus — a fully-funded scholarship programme by the European government. Receiving an Erasmus Mundus scholarship entitles you to pursue a master’s degree at a reputed European university. The scholarship covers your two years of master’s level studies.

So, you might ask yourself — what else is in it for me if I do apply for the Erasmus Mundus scholarship? Here’s a definitive guide on what you should know about the coveted scholarship programme.

Erasmus Mundus scholarship 2023-24: Important details
Eligibility and application requirements
If you’re applying for a master’s level programme, you must have obtained a bachelor’s degree (first degree) or be in the last year of your bachelor’s degree and graduate before the master’s programme starts.

If you have not obtained a bachelor’s degree but can demonstrate that your acquired certification is equivalent to that of a bachelor’s level of learning — you may apply. However, ensure that your programme is accredited in the country where you studied it, according to national legislation and practices.

The Erasmus Mundus Scholarship 2023-24 application form may vary from programme to programme. For the Master’s programme in Human Rights Policy and Practice, its application form requires applicants to provide the following:

Two letters of recommendation
Letter of motivation
Official academic transcripts (bachelor’s degree and high school or equivalent)
Completed application form
CV
Scanned copy of your passport or ID
Proof of residence
English proficiency test results
To make sure you’ve got all the documents and are not missing out on any, it is always good practice to contact an advisor of the programme or university.

On top of that, you’ll need to show you’ve achieved a minimum band of 6.5 on the IELTS test. As an alternative, you may opt to submit an English proficiency language certificate or the Duolingo English Test proficiency test results too.

Exemptions
The Erasmus Mundus scholarship programme is lenient, in such a way that:

You may still apply despite waiting for your final semester results.
You are not required to submit a GRE test score.
You are not required to contact a professor or anyone equivalent.
You are not required to have any work experience.
You can start applying once you turn 16 and there are no age restrictions beyond that.
You may still apply despite accumulating a below-average CGPA (previously, there were scholarship recipients with a 2.5 to 3.0 CGPA).
Scholarship Benefits:
– Monthly grant (1100-1200 euros per month)
– Free tuition fee
– Travel allowance
– Travel allowance from country to country when your semester is over
– No bond restriction to return to the country
– Job visa issued to work in Europe after graduation

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