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CBID in Milan for 2nd Transnational Project Meeting of SHIFT, an Erasmus+ Project

CBID researchers participated in the 2nd Transnational Project Meeting of SHIFT (Strengthen Higher-education through Innovative Financial Tools) in Milan, Italy on April 27th. The Project is funded by the Erasmus Plus Programme of the European Commission, Key Action 2, Strategic Partnerships for Higher Education.

SHIFT brings together a consortium of 7 partners from 4 European countries (the United Kingdom, Belgium, Italy and Poland) to understand the current higher education financing systems in the various EU countries and to develop an innovative financial model to support higher education students in Europe.

During the meeting, partners presented the key findings from Intellectual Output 1, which was led by Durham. The research identified the dynamics of higher education students’ access to finance and financial literacy across the EU. It provided a detailed picture of the higher education systems and government initiatives within the EU countries to increase the level of financial literacy among students. It highlighted the key goals and policies pursued by Member States, placing a special focus on the rigidities in availability of the direct (loans and grants) and indirect (tax allowances, family benefits) support for students. Durham alumni participated in the primary research that underpinned some of the findings of the first intellectual output.

The results will feed into Intellectual Output 2, which will develop and validate a financial model for both higher education students who receive grants/loans and the higher education Institutions who manage public resources.

An important issue discussed during the meeting was dissemination and exploitation activities, which will provide greater visibility to the findings of the project.

For further information on SHIFT, please visit http://www.project-shift.eu/