Erasmus for All is open to everybody, through any public or private body active in the areas of education, training, youth and sport. It will provide opportunities to learn and study abroad for up to 5 million people over the period 2014–2020. It will also help improve the quality of teaching and education in the EU and beyond. The Commission proposes to invest €19 billion for the 2014–2020 budget period - an increase of around 70% compared to the current period, reflecting the importance the Commission attaches to education, training and youth.
- Learning opportunities for individuals, both within the EU and beyond, including: study and training, traineeships, teaching and professional development and non-formal youth activities such as volunteering.Erasmus for All would provide opportunities for learning abroad for up to 5 million people across all education and training sectors. Europeans would have the option to study, train or teach at higher education institutions anywhere in the world, and non-European students and staff would have more opportunities to study, teach and learn in Europe. Extending the programme beyond the EU's borders will increase the attractiveness of European higher education and at the same time support the development of higher education elsewhere in the world.
- Institutional cooperation between educational institutions, youth organisations, businesses, local and regional authorities and NGOs, to encourage the development and implementation of innovative practices in education, training and youth activities, and to promote employability, creativity and entrepreneurship.
- Support for policy reform in Member States and cooperation with non-EU countries, with a focus on strengthening the evidence-base for policy making and exchange of good practices. Support will include the implementation of EU transparency tools, cross-country studies and support for specific policy agendas such as the Bologna (higher education) and Copenhagen (vocational education and training) processes.
Two completely new elements will be part of Erasmus for All:
- A loan guarantee scheme to help Master's degree students to finance their studies abroad and to acquire the skills needed for knowledge intensive jobs.
- The creation of 400 'knowledge alliances' and 'sector skills alliances'. Knowledge alliances are large-scale partnerships between higher education institutions and businesses to promote creativity, innovation and entrepreneurship by offering new learning opportunities and qualifications. Sector skills alliances are partnerships between education and training providers and businesses to promote employability by forming new sector-specific curricula and innovative forms of vocational teaching and training.