The European Community Action Scheme for the Mobility of University Students, commonly known as Erasmus, is the European Commission's educational programme for Higher Education students, teachers and institutions. It began in 1987 to increase student mobility within the European Community, subsequently the European Economic Area countries, and the Candidate Country of Turkey.
Erasmus allows students to study between one semester and one academic year in an EU country as part of their degree course. The student follows a programme of study deemed equivalent to that of their home university and marks obtained count towards their degree. Eligible students receive an Erasmus grant which contributes towards extra living costs arising from studying abroad and Erasmus students do not pay the university they are visiting any Tuition Fees or receive an award from them (e.g. Bachelors degree).
Being part of an Erasmus exchange has many benefits. It can enhance many things including your academic experience, personal development, language skills, job opportunities, self confidence and university life. When you return home you'll be able to demonstrate that you've studied in another country using your language skills, which can be a major benefit in the EU job market.