Financial planning for experiences abroad
WU offers a broad portfolio of opportunities to gain international experience. Depending on the exchange program, there are various financial aspects that you should consider when planning and deciding on an exchange. On this page you will find information and tips on what costs to expect and what financial support is available.
Each person nominated for a stay abroad by WU's International Office receives financial support in the form of a grant. The type of grant varies depending on the target region:
WU mobility grant (overseas)*
Erasmus+ grant (Europe)
CEEPUS grant (Central and Eastern Europe)
To receive a grant, ECTS credits must be earned abroad and recognized at WU upon return. More details will be provided at the grant and credit transfer session in the semester before your stay abroad. You will be invited to this event by email.
* Within the scope of the WU mobility grant, WU offers a special support for students with verifiable needs. More info can be found in the drop-down menu "Additional financial support".
Choice of destination
Your chosen region and destination has an impact on the total cost of a stay abroad.
Generally speaking, a stay abroad is more cost-intensive in overseas regions than in Europe. However, there are also regional differences (e.g., between Northern and Southern Europe, North and South America, etc.).
It is also useful to consider the location of the partner university. If the host institution is located in a larger metropolis or metropolitan region, this is usually associated with higher costs of living.
Cost factors of a semester abroad
The list below shows cost factors that usually arise during a stay abroad (without claim to completeness):
Accommodation (dormitory, shared apartment, private accommodation, etc.)
If applicable: health insurance and additional insurances (if applicable)
If applicable: costs for visas and office visits
Study supplies (books, course materials, etc.)
Cultural and social activities
General living expenses
Note: For some host countries, a certain bank balance must be presented when applying for a visa. This is necessary to prove that the stay abroad is financially feasible for you. You will receive more information from the partner university and from our exchange coordinators after you have been nominated for an exchange spot.
If you have any questions about a partner university and the associated costs, our exchange coordinators will be happy to help you.
Additional financial support
If you receive an Erasmus+ grant for your semester abroad, you can apply for additional Erasmus+ Top Ups depending on your needs and status. Currently, Top Ups are available for sustainable travel (Top Up Green Travel) and for individuals with fewer opportunities (Top Up Individual Support).
Individuals with significant additional costs and given status can apply for Inclusion Support.
WU mobility grant special support
The WU mobility grant special support is intended for anyone for whom a stay abroad in overseas represents a major financial challenge. The application for the special grant takes place in February and September and before the application periods for a semester abroad. Therefore, applicants know that they will receive the special support before they are nominated for a semester abroad. The intention is to facilitate the decision for a stay abroad.
Federal study grant
Students who receive federal study grants can receive them in addition to the Erasmus+ or WU mobility grant. However, this must be stated in the grant application.
International Short Programs (ISPs)
International Short Programs (ISPs) usually last between 3 to 5 weeks and can be a supplement or alternative to longer stays abroad. Since ISPs abroad come with a program fee and other calculable costs, the financial feasibility can be estimated well.
Choice of program
The variety of academic topics offers something for every interest (e.g. Sustainable Business, Marketing, Innovation Management, etc.).
Travel costs may vary depending on the distance to the study location. Compared to a program in Europe, an ISP abroad overseas may involve higher air travel costs.
Tip: For selected ISPs abroad there is a WU mobility grant, which covers most of the costs incurred (see point below).
Cost factors of an ISP
The cost factors below usually arise in the context of an ISP abroad:
If applicable: Costs for visa and administrative procedures
If applicable: Health insurance and additional insurance if applicable
Note: Depending on the program, the program fee may include accommodation and other costs. Usually, the program fee includes a cultural and social program.
WU mobility grant for International Short Programs (ISPs)
WU mobility grant for International Short Programs (ISPs)
If you have a special and verifiable need, you can apply for a WU mobility grant for International Short Programs (ISPs).
The grants is only available for ISPs abroad that are organized by WU. Currently, this applies to the Short Programs in Bangkok, Buenos Aires and Porto.
There are 5 WU mobility grants available per ISP abroad.
The program fee is waived for mobility grant holders. Travel and accommodation costs can be subsidized.
The application for the grant takes place during the regular application phase for ISPs. More details can be found on this website.
If you have any questions about costs involved or financial support, you can contact our International Short Programs team.
Internships abroad allow you to put knowledge from your studies into practice and gain international experience at the same time. Financial support is possible under certain conditions.
Erasmus+ support for internships abroad
You can apply for Erasmus+ funding for self-organized internships abroad and receive the grant in addition to your internship salary.
Depending on the host country, the monthly grant ranges between €540 and €640. View the exact and current grant amount for your host country here.
Just as for a semester abroad, you can also apply for Erasmus+ Top Ups or Inclusion Support when pursuing an internship abroad.
Funding is available for internships abroad with a minimum duration of 2 months full-time. In addition, the internship must take place in one of the 27 EU member states or in Iceland, Liechtenstein, Norway, Northern Macedonia, Serbia or Türkiye.
Tip: If you would like to apply for Erasmus+ funding for internships abroad, you can do so via an online form. Please note that all documents must be submitted at least 4 weeks before the start of the internship. If possible, we recommend submitting documents earlier.
Further details can be found on this website.
If you have any questions about the Erasmus+ grant for internships abroad, you can contact our grant coordinator Ms. Moragues Costa.
Workshop internship abroad
Good to know
You can use Numbeo's website to research the cost of living abroad. To do so, click on the search bar and enter the name of your destination.
Know your budget: It is advisable to find out about possible cost factors before going abroad. To ensure that nothing stands in the way of a successful stay abroad, we recommend calculating more generously.
Lifestyle and travel plans: The better you know your priorities, the easier it is to estimate costs.