A report by the House of Lords European Union select committee is calling on the government for clarification on post-Brexit funding and UK involvement in the EU's Erasmus+ youth study and training scheme.
Peers are particularly concerned that losing access to the programme's funding would deny disadvantaged young people the chance to study and train abroad.
These groups have the most to gain from the programme and are most in need of funding, particularly those with disabilities or in need of medical support, says the report.
It details research by Universities UK, which found that students who study or train abroad are 20 per cent less likely to be unemployed six months after graduation and one in three Erasmus+ work placement students are offered a job at their host company when they graduate.
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