Are the DAAD, Erasmus Mundus and OeAD scholarships fully funded, and will I still need a blocked account?
Not all three are fully funded. DAAD and Erasmus Mundus are often but not always fully funded, with blocked account exemption depending on funding proof, while most OeAD scholarships are partial. Austria does not make a blocked account mandatory, though you may need extra proof of funds.
No, not all three are fully funded. DAAD and Erasmus Mundus are often but not always fully funded, while most OeAD scholarships are only partial. Blocked account rules also differ by country and scholarship type.
Funding and Blocked Account by Scholarship
| Scholarship | Funding | Blocked account |
|---|---|---|
| DAAD (Germany) | Often fully funded | Depends on funding proof |
| Erasmus Mundus (Germany and Austria) | Often fully funded | Depends on funding proof in both countries |
| OeAD (Austria) | Most are partially funded | Not mandatory in Austria, but extra proof of funds may be needed |
What to Check Before You Plan
- If an OeAD award does not cover all your expenses, you may have to show additional funds.
- Coverage and visa rules can change, so confirm your scholarship terms and visa requirements.
- Look at your award letter to see exactly which costs are covered.
My Advice
Do not assume a scholarship removes every financial step. Read your award terms carefully and confirm the blocked account or proof of funds rule for your country and scholarship before you apply for your visa.
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