Erasmus Programme of 3 million by 2012. The Lifelong Learning Programme 2007–2013 replaced the Socrates programme as the overall umbrella under which the Erasmus (and other) programmes operate from 2007. The Erasmus Mundus programme is another, parallel programme that is oriented towards globalising European education. Whereas the Erasmus Programme is open to Europeans, Erasmus Mundus is open to non-Europeans with Europeans being exceptional cases. On 9 May 2012, Fraternité 2020 was registered as Europe's first European Citizens' Initiative. Its goal was to increase the budget for EU exchange programmes like Erasmus or the European Voluntary Service from 2014. To be successful it
Student exchange program means that a partner institution accepts a student, but does not necessarily mean that the students have to find a counterpart from the other institution with whom to exchange. Exchange students live with a host family or in a designated place such as a hostel, an apartment, or a student lodging. Costs for the program vary by the country and institution. Participants fund their participation via scholarships, loans, or self-funding. Student exchanges became popular after World War II, and are intended to increase the participants' understanding and tolerance of other cultures, as well as improving their language skills and broadening