Europe's most successful student exchange programme is being relaunched in an improved and expanded version. Under the new name Erasmus+, the programme now covers education, training, youth and for the first time ever also sport.
More than three million students have already benefited from the Erasmus programme, since it was launched in 1987. Last year a record number of 250,000 students took part in the programme to either do part of their studies or an internship abroad.
With the new Erasmus+ programme, sport initiatives such as those against doping, violence, discrimination and intolerance are also funded. In addition students who want to embark on a Masters degree in another EU country can apply for a loan with favourable terms.
Following an agreement with the Council in June, Parliament's culture and education committee backed the proposal on 5 November. MEPs voted in favour of the new Erasmus+ programme on 19 November.