There are several institutions which can offer economic grants in order to facilitate students’ mobility:
- Erasmus National Agency. Before leaving, the student signs a financial agreement with UCJC, and the latter delivers it to the organisation responsible for the grants award. This grant is guaranteed and is based on the estimated living costs in the destination country:
- High cost of living countries – Denmark, Ireland, France, Italy, Austria, Finland, Sweden, United Kingdom, Liechtenstein, Norway, Switzerland
- Medium cost of living countries –Belgium, Czech Republic, Germany, Greece, Spain, Croatia, Cyprus, Luxembourg, the Netherlands, Portugal, Slovenia, Iceland, Turkey
- Lower cost of living countries –Bulgaria, Estonia, Latvia, Lithuania, Hungary, Malta, Poland, Romania, Slovakia, former Yugoslav Republic of Macedonia.
- The Spanish Ministry for Education (Ministerio de Educación y Ciencia) grants additional aids to cover the mobility of Erasmus students. In order to apply for them, students are required to present an official B2 level diploma in the language in which the lectures will be given. These grants and the aforementioned (managed by the Erasmus National Agency) are not compatible.
- The Autonomous Community of Madrid (Comunidad de Madrid) through its Department of Education (Consejería de Educación).