Funding
Within the Erasmus+ International Credit Mobility programme, the total grant for student mobility for studies includes both travel costs support as well as individual financial support to cover costs of stay. The travel support is calculated based on the travel distances by using the distance calculator supported by the European Commission. The following unit costs apply depending on the travel distances identified through the calculator:
| Financing mechanism | Amount | Rule of allocation |
| Unit costs |
Based on the travel distance per participant. Travel distances must be calculated using the distance calculator supported by the European Commission. The applicant must indicate the distance of a one-way travel to calculate the amount of the EU grant that will support the round trip |
|
| For travel distances between 100 and 499 km: 180 EUR per participant | ||
| For travel distances between 500 and 1999 km: 275 EUR per participant | ||
| For travel distances between 2000 and 2999 km: 360 EUR per participant | ||
| For travel distances between 3000 and 3999 km: 530 EUR per participant | ||
| For travel distances between 4000 and 7999 km: 820 EUR per participant | ||
| For travel distances of 8000 km or more: 1500 EUR per participant |
The student mobility minimum duration is 2 months and the incoming students to VUM are expected to study at VUM for at least 63 days. The students are expected to cover their visa costs from the mobility grant transferred following their arrival to Bulgaria. The final grant amount is calculated based on the actual number of stays at VUM after the mobility start date by applying the Erasmus+ distance calculator available here. The mobility starts on the day following the Grant Agreement signing between VUM and incoming student and the advanced funding bank transfer to a student’s bank account in Bulgaria. The bank account opening, Grant Agreement signing, and advanced payment transfer usually take place during the first working day after the student’s arrival in Bulgaria.