The  Eropean Master’s in Transnational Trade Law and Finance (EMTTLF) has been selected by the European Commission among the Erasmus Mundus masters courses for five years.

This implies that the European Commission will grant scholarships to highly qualified third-country graduate students to follow the EMTTLF Masters Course.

The EMTTLF Consortium will award around 17 Erasmus Mundus Scholarships to highly qualified third-country graduate students.

Third-country graduate student means:

• A national of a third country other than those from EEA-EFTA States (Iceland, Liechtenstein and Norway) and candidate countries for accession to the European Union (presently Croatia, Former Yugoslav Republic of Macedonia and Turkey);
• Who has already obtained a first higher education degree;
• Who is not a resident of any of theMemberStatesor the participating countries (EEA-EFTAStatesand EU candidate countries for accession);
• Who has not carried out his or her main activity (studies, work, etc.) for more than a total of 12 months over the last five years in any of the Member States or the participating countries.

Amount

Each grantee will receive 1,600 € each month for living costs during the months of duration of the program (1 academic year = 10 months) plus a fixed amount of 10,000 € to be paid in two installments of 5,000 € each per year.

In order to facilitate the management of the transfer of the lump sum and the registration fee and to reduce costs for money transfer students can authorize the EMTTLF Consortium to deduct the registration fee from the lump sum.