Advocates of international education are ringing alarm bells about a €90 million shortfall in the Erasmus budget. Erasmus, a European Union program, provides grants for students to study or work outside their home countries in one of 33 participating nations (the 27 member states of the European Union, plus Croatia, Iceland, Liechtenstein, Norway, Switzerland and Turkey). More than 231,000 students received grants in 2010-11, with the average award being a modest €250.The most popular destinations were Spain, France and Germany.

Source: Inside Higher Ed.