Finance globed

Scholarship holders

From September 2024, the GLOBED programme will start again offering Erasmus Mundus scholarships for the best ranked students during the selection process. In concrete, the Consortium will be able to offer up to 24 scholarships per edition, including regional scholarships and scholarships for students with special needs.

All scholarship holders, regardless of their residence or nationality, will receive 1.400 € per month along the two-years programme. The Erasmus+ scholarship includes subsistence, mobility and installation costs. It also covers the registration at the four universities of the consortium and a worldwide health insurance.

Self-funded students


The programme will also welcome 10 self-funded students per edition. Their participation costs include the registration costs in all the Universities of the Consortium, and a complete insurance covering all requirements set by Educational and Culture European Agency, including worldwide coverage during 24 months.




Student loans

Another option is to finance your studies through a student loan, with very low interest rates, designed to help students to pay the associated fees, such as tuition, mobility costs, and living expenses.

Funding opportunities

Students who are not selected during the Erasmus Mundus call can still apply as self-funded students. We encourage applicants to check all the available scholarships in their origin countries during the application and selection process. Below you can find some possibilities that may be of your interest.

Asociación Universitaria Iberoamericana de Postgrado Latin America 1.200 € Latin American +
Beca Presidente Peru Tuition fees, stipend Peruvian citizens +
Chevening UK Fully-funded Chevening-eligible country +
CONICYT (National Council of Science and Technology, Chile) Chile 40.000 € Chilean citizens +
Colfuturo Colombia - Colombian citizens +
Commonwealth Scholarship Commission UK - Commonwealth citizens +
European Traineeships EU Internship related Everybody +
Fullbright US United States - US citizens +
Fundació Autònoma Voluntària Spain Fieldwork related Everybody +
Learn Africa Program Africa 15.000 € African women +
Leverhulme Trust - - UK citizens +
Ministerio de Educación y Formación Profesional Spain - EU citizens +
MoE Scholarship Taiwan 12.000 € Taiwanese citizens +
Queen Elizabeth Commonwealth Scholarships Commonwealth countries Tuition fees, stipend, flights Citizens in a Commonwelth country +
Rotary Club Worldwide - Graduate students +
UABRefugi programme - Tuition fees Refugees and asylum seekers +

Health insurance

All GLOBED students will count with a worldwide insurance policy for 24 months. Currently, the GLOBED M.A. students are provided with the travel insurance by the insurance broker Dr-Walter. The validity of this insurance plan begins 2 months prior to the official start date of the program and until the end of it.

For more information about the General Conditions of Dr-Walter, click here. They can be contacted by email to In case of emergency situations when assistance is needed immediately, please contact +49 (0) 89 55 987 -641.

The insurance payment is included in the participation fees of students, thus no extra payment is required for any student.