The UK announced it would disengage from the programme from the start of this year after it reached the post-Brexit trade deal with the EU on Christmas Eve.
The British government has announced that a replacement initiative called the Turing scheme will be launched with the aim of placing students in universities across the world and not just Europe.
A Government of Jersey spokesperson said work was being carried out to assess if Jersey students could use other exchange programmes, including the British scheme, which is named after scientist and mathematician Alan Turing.
‘Following the withdrawal of the UK from the European Union, it will no longer participate in the Erasmus exchange scheme,’ they said.
‘Instead, the UK government has launched a new initiative to replace the Erasmus scheme, called the Turing scheme.
‘Discussion is ongoing on the opportunities for Jersey students to study abroad through exchange schemes, and consultation with the UK Government is ongoing.
‘Further details will be released in due course.’
In 2017, more than 16,000 British students participated in Erasmus and were placed in the EU, while around 32,000 European nationals came to the UK via the scheme.
Erasmus also provided vocational training and overseas work, including for teachers.