Economy

Going on an exchange, either as an internship or as a study abroad, there will be some financial aspects to take into consideration.

When you go on an exchange abroad, you will typically have to consider and expect the following expenses (the list is not complete and will vary from country to country):

  1. Valid passport (minimum 1 year validity from the date when the exchange begins)
  2. VISA (check visa requirements for the country you consider)
  3. Vaccinations ( www.vaccination.dk )
  4. Insurance (Firstly, check out your present coverage and existing options with your present insurance company. Secondly, check with your professional association if you have a student membership in such professional association. Otherwise check on www.europaeiske.dk)
  5. Tuition / tuition fees
  6. Travel Expenses
  7. Housing costs in the host country during the exchange
  8. Living expenses/costs during the exchange (food, phone, local transport etc.)

How to finance an exchange abroad
Generally speaking you can follow these guidelines (it is always your own responsibility to check with the relevant authorities for the most updated information and specific rules and regulations):

Danish SU and the student loan (SU-lån)
If you receive Danish SU then you can apply with the SU authorities to have your SU (and student loan) during an exchange or to receive Danish SU (and student loan) for attending and completing a full programme abroad

Especially, you should observe if you receive SU as a resident with your parents that you can apply for SU as a student living by yourself “udeboende” if you join for an exchange or internship abroad.

In general you can receive SU and student loan as “udeboende” when your exchange is part of your education programme here in Denmark, meaning that full credits are merited/transferred by your Danish institution and that the exchange don’t prolong your studies with the Danish Institution. And normally your SU (and student loan) will not be affected by other grants or possibilities of financial support.

Talk to your student counsellor on SU issues or read more on www.su.dk

Other scholarships
A scholarship is typically an extra possibility for support that you can add to your SU. The scholarship is normally granted to cover the extra costs associated with exchanges abroad.

In general it can be quite difficult to identify which scholarships are available, where can they be found and am I eligible to apply for such scholarship. A lot of rules apply for different types of scholarships. The following guidelines can be used:

Approved study abroad and internships within the EU under the Erasmus programme

Approved study abroad and internships outside the EU

Approved study abroad and internships outside the EU – the Danish “Udlandsstipendium”

Danish TAX and scholarships