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Erasmus+ Scholarships

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 doesn't necessarily mean you're entitled to a mobility grant.

If the student is not awarded an Erasmus mobility grant, he/she can attend the study period with  “0 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 “0 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 ranking existing when allocating places for the 2023/2024 Student Mobility Applications (1st and 2nd cycles of study):

The averages of ranking of students when applying and assigning vacancies to the respective universities. 

2) Allocation of the monthly scholarship recommended by Country

In a first distribution to all students, the monthly grant per country was allocated, as provided for in the SMS and SMP Mobility Grant Table (individual support).

SMS scholarships (study mobility) and SMP scholarships (traineeship mobility) were fully covered by a funded scholarship up to a maximum of 150 days (5 months), the remaining days of the Host University's academic calendar, if applicable, being "zero scholarship".

For the 2023/2024 academic year, all selected students who have applied for the Programme will receive an Erasmus Scholarship.


The student should wait to be contacted via email by the Mobility Centre of the Department of External and International Relations of the Rectory of ULisboa.

In order for the bank transfer to go through, the Financial Agreement (Contrato Financeiro) must be signed by the student digitally or, if it cannot be signed digitally, the signature can be arranged at the above-mentioned centre (Alameda da Cidade Universitária 1649-004 Lisboa).

The Financial Agreement can only be signed when the student's file includes all the documents:

Before Mobility:

a) Student file;

b) Student identification document (optional);

c) The student's Tax Identification Number (if they don't have a citizen's card);

d) Proof of Bank Identification Number (NIB);

e) Power of attorney (if applicable / optional);

f) Identity Card/Citizen Card of the 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).

At the end of mobility:

j) Declaration of Stay/Letter of Confirmation signed by the host university at the end of the mobility;

k) Erasmus Final Report (REL) - Students will receive this by e-mail to their ISEG institutional address, and after the end of their mobility, username It is passwordThey can also access and fill in the national agency's student report online. Filling in this report is compulsory.

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.

Scholarship Return

If the student does not achieve any success during their period of mobility, should return 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 calculated and the respective Financial Contract has been signed, the total amount of their 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 student does not notify the International Mobility Office (IMO) in writing of a withdrawal in good time, it will have a negative impact on the reallocation of scholarships 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).