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Study Abroad Year Student Loans: Erasmus+ and Exchange Funding

Year abroad funding, reduced tuition fees, travel grants, and living cost coverage for international study

Many degrees include a year studying abroad. Your student finance continues, but tuition fees are typically reduced to 15% of the standard £9,250 (about £1,388) during your year abroad. Maintenance loans remain available, and you may receive additional Erasmus+ grants for European study.

Year Abroad Funding Rules

UK universities charge reduced fees (15% of standard rate) for year abroad. You still receive full maintenance loan based on parental income. Erasmus+ grants (if studying in Europe) provide £300-£400/month additional funding. These don't need repaying.

Erasmus+ and Study Abroad Costs

Living costs vary dramatically by country. Scandinavia expensive (£1,200+/month), Southern/Eastern Europe cheaper (£600-£800/month). Your UK maintenance loan may not cover full costs—budget for £2,000-£5,000 additional funding from savings or parental contribution depending on destination.

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Dr. Lila Sharma

UK Education Policy Specialist

With over 15 years of experience in UK education policy and student finance, Dr. Sharma founded Student Loan Calculator UK to help students navigate the complex world of student loans.