Last year 1,153 Estonian students took part in the Europe-wide student exchange program, with 1,274 arriving in Estonia.
The total number of students receiving the scholarship in the EU was 270,000, a new record, a European Commission study found. A year earlier that figure was 250,000.
The number of Estonian students heading abroad for one or two semesters increased by 6 percent compared to the 2011/2012 school year.
Germany (151 students) was the most popular destination for Estonian students, with Spain (135), Finland (126) and France (77) also popular.
More German students (214) chose Estonia than any other nationality, with 137 French, 117 Italian and 101 Spanish students also picking Estonia.