Erasmus+ grants are awarded to cover “mobility expenses”, namely travel expenses and those resulting from the difference in the cost of living in the host country. These grants are similar to a support subsidy, not intended to cover expenses in full.
Mobility grants are administered by the Erasmus+ National Agency and the University of Lisbon.
The number of scholarships available is limited to the amount granted to ISEG each year. Being an Erasmus mobility student does not necessarily imply entitlement to a mobility grant.
If the student does not apply within the stipulated deadlines or is not awarded an Erasmus mobility grant, he or she can attend the study period with “Zero grant", that is, as a student who, despite not receiving a grant, meets all the requirements to participate in a mobility period, having the same rights and obligations as any other Erasmus student.
The mobile student with “Zero grant" you may also receive an Erasmus mobility grant from the Rectory of the University of Lisbon through a possible redistribution due to surplus funds from other Faculties of the University of Lisbon.
Methodology used
1) Use of the existing ranking when allocating places for the 2026/2027 Student Mobility Applications (1st and 2nd study cycles):
The average ranking of the students at the time of application and allocation of places to the respective universities was used.
2) Allocation of the monthly grant recommended by Country
In the first distribution, the monthly scholarship per country was allocated to all students as stipulated in the **Table of Mobility Scholarships SMS and SMP** (individual support). For the 2025 projects, there was a new grouping of countries, and in addition to the Erasmus scholarship amount and applicable Top-Ups (if recipients are SAS scholarship students, they receive a “top-up” to their Erasmus+ scholarship of €250.00/month), there will also be the mandatory payment of travel bands (Normal or Greenas the distance in Km’s travelled between the origin and destination.
SMS scholarships (study mobility) have been fully covered by grants funded up to a maximum of EUR 1 million. maximum of 150 days (5 months), the remaining days of the Host University's school calendar, if applicable, are "zero grant" days.
For the academic year 2026/2027, all selected students who applied for funding will be awarded an Erasmus Scholarship..
Payment
The student should wait to be contacted via email by the Mobility Office of the Department of External and International Relations of the Rectory of the University of Lisbon.
For the bank transfer to be carried out, the Financial Convention (Financial Contract) will need to be digitally signed by the student, or if digital signing is not possible, an appointment can be scheduled for signing. on-site, at the aforementioned nucleus, at Alameda da Cidade Universitária 1649-004 Lisbon).
The Financial Agreement can only be signed when the student's file includes all the documents:
Before Mobility:
a) "Ficha de Estudante";
b) Student identification document (optional);
c) The student's tax identification number (if they don't have a national identity card);
d) Proof of Bank Identification Number (IBAN);
e) Power of attorney (if applicable / optional);
f) Identity Card/Citizen Card of the appointed Attorney (optional);
g) Learning Agreement initial signed by the student, ISEG and the destination university and any amendments (if applicable);
h) Copy of the European Health Insurance Card (EHIC);
i) Completion of the OLS Language Course tests - Online Linguistic Support* (if applicable).
*Online Linguistic Support - OLS is a language support service provided by the EC (European Commission) to higher education institutions participating in the Erasmus+ Programme, Key Action 1 and consists of Competence Assessment tests. It is compulsory for students to take language competency assessment tests at the beginning and end of their mobility programme. If the initial test confirms level C2, it will no longer be necessary to take the final test.
At the end of mobility:
j) Declaration of Stay/Certificate of Residence completed and signed by the Host Institution at the end of the mobility.
k) Final Erasmus Report (REL) – Students will receive by email to their institutional ISEG address, and after the end of their mobility, a username It is password, to access and complete the national agency's student report online. Completing this report is mandatory.
If any of the mandatory documents are missing from the student's file, the International Mobility Office (IMO) will always contact the student to regularise the situation as soon as possible.
Grant Reimbursement
If the student does not obtain any results during his/her mobility period, must be reimbursed in full, the value of the mobility grant received.
Minimum mandatory use:
3 ECTS for Erasmus mobilities lasting 3 months (90 days);
6 ECTS for 1 semester Erasmus mobilities (between 4 and 6 months);
If the student stays at the host institution for fewer days than those for which the erasmus grant has been provisionally calculated and signed in the respective Financial Contract, the total amount of the grant may be reduced in proportion to the number of days actually spent and the remaining amount to be received in the second instalment adjusted.
Withdrawals after Allocation of Erasmus Mobility Grants
Whenever a withdrawal is not communicated in time, on the FENIX portal and/or in writing by the student to the International Mobility Office (IMO), it will have a negative impact on the reallocation of grants to other students in the current academic year and in future academic years.
note: For detailed information about the Erasmus+ Program, please consult the Erasmus+ National Agency (Education and training).