Erasmus+ is the new EU program for education, training, youth and sports for the 2014-2020 period. The program includes the seven current actions of the "Education and training throughout life" program, Erasmus Mundus, Tempus, Alfa, Edulink and the program "Youth in action".
The budget for the seven-years-period reaches 14.7 billion Euros. Requirements for participation and financing have been simplified, compared to previous programs. Over 2 million higher education students may benefit from a mobility scholarship until termination of the program.
Erasmus+ is part of the "Europe 2020" strategy and aims at strengthening skills of every citizen in regards of education and training.
The Erasmus+ program is oriented towards three key actions:
- Key action 1: Individual mobility to achieve learning
Key action 1 is for students and staff mobility, including from and to partner countries (outside the EU). This action key is composed multiple items: mobility to obtain credits, mobility to pass a degree, Joint Master Degrees and the loan guarantee scheme to finance mobility for a Master.
- Key action 2: Cooperation in innovation and exchange of good practices
Key action 2 aims at facilitating cooperation between various players (higher education institutions, professional training organisations, companies, local authorities, etc.) to support innovative practices and reinforce cooperation with partner countries. Key action 2 includes strategic partnerships, joint knowledge and international cooperation projects with partner countries (capacity building).
- Key action 3: Support to policy reforms
Support to policy reforms in EU member States aims at strengthening initiatives implemented to facilitate mobility and to support coordination of member States in education, training, youth and sports.
The Jean Monnet initiative, and cooperation in sports complement this new program.
The EU Commission defines the priorities, the objectives and the criteria of the program, which is managed by the Education, Audiovisual and Culture Executive Agency (EACEA) in Brussels and in France through Agence Erasmus +.