An incredible source of financial assistance for students aspiring to study abroad, scholarships are a great financial support. Apart from the financial relief it brings along, having a scholarship also leads to enhanced educational opportunities, recognition of your academic merit, being a part of scholarship recipient alumni and mentoring other scholarship recipients. In addition to all these benefits, getting a scholarship award also strengthens your CV.
However, in the same league, while there are ample of scholarship options out there, they are highly competitive in nature. So, to help you through this process, in this comprehensive article, we have shortlisted some of the most sought-after scholarships for international students commencing their master’s degree at leading study destinations abroad. Scroll down to know more about their eligibility criteria, and scholarship awards.
National Overseas Scholarship
Eligibility: Offered by the Indian Government, the National Overseas Scholarship aims to provide financial assistance to meritorious students from economically disadvantaged backgrounds to pursue master's or doctoral studies overseas. Eligible candidates must hold a first-class undergraduate degree in the relevant field and secure admission to a recognized foreign university for a master's program.
Study Destination: Available for all Countries.
Scholarship Type: Fully Funded
Scholarship Amount & Coverage: This scholarship covers tuition fees, living allowance, and other related study expenses, including travel expenses.
Fulbright Scholarships USA
Eligibility: Sponsored by the U.S. Department of State, the Fulbright Scholarship Program is one of the most prestigious scholarships for masters in USA. It offers scholarships to international students, scholars, and professionals to study, conduct research, or teach in the United States. Eligibility criteria vary depending on the specific scholarship category, but applicants are typically required to demonstrate academic excellence, leadership potential, and a commitment to cross-cultural exchange.
Study Destination: United States
Scholarship Type: Fully Funded
Scholarship Amount & Coverage: Fulbright scholarships cover tuition, airfare, living stipend, and health insurance, among other expenses.
Australia Awards Scholarships
Eligibility: Funded by the Australian Government, the Australia Awards Scholarships, aim to contribute to the development needs of partner countries by providing opportunities for individuals to undertake full-time postgraduate studies in Australia. Eligible candidates must be citizens of participating countries and demonstrate leadership potential, academic merit, and a commitment to contributing to their home country's development.
Study Destination: Australia
Scholarship Type: Fully Funded
Scholarship Amount & Coverage: Australia Awards Scholarships cover full tuition fees, airfare, establishment allowance, living expenses, and other supplementary costs.
Manaaki New Zealand Scholarship
Eligibility: Administered by New Zealand’s Government, the Manaaki New Zealand Scholarship aims to support students from eligible countries to pursue postgraduate study in New Zealand. The scholarship is awarded based on academic merit, leadership potential, and the potential to contribute to development in the applicant’s home country.
Study Destination: New Zealand
Scholarship Type: Fully Funded
Scholarship Amount & Coverage: The scholarship covers the entire tuition fees, living allowances, and travel expenses to come back to the home country.
DAAD Scholarship Germany
Eligibility: Provided by the German Government, the DAAD Scholarship supports highly qualified international students from developing countries to pursue master's or doctoral studies in Germany. Eligible candidates must have completed an undergraduate degree, showcased academic excellence, and have a well-defined study or research project that fits the scholarship program.
Study Destination: Germany
Scholarship Type: Fully Funded
Scholarship Amount & Coverage: The DAAD Scholarship covers full tuition fees, a monthly stipend, travel expenses, health insurance, and research subsidy.
Netherlands Government Scholarship
Eligibility: The Netherlands Government Scholarship is funded by the Dutch Ministry. It aims to support international students from non-EU/EEA countries pursuing master’s degrees at participating Dutch universities and universities of applied sciences.
Study Destination: Netherlands
Scholarship Type: Fully Funded
Scholarship Amount & Coverage: This scholarship abroad for masters degree provides a complete grant for tuition fees, living expenses, and other study-related costs.
GREAT Scholarships
Eligibility: Supported by the British Council and the UK government's GREAT Britain Campaign, the GREAT Scholarship aims to promote education opportunities in the United Kingdom for international students. These scholarships are available across various disciplines and universities in the UK for one-year master's courses.
Study Destination: United Kingdom
Scholarship Type: Partially Funded
Scholarship Amount & Coverage: The scholarship amount covered will be a minimum of £10,000 towards tuition fees for a one-year master's course.
Ontario Graduate Scholarship
Eligibility: Offered by the Government of Ontario, Canada, the Ontario Graduate Scholarship (OGS) program aims to encourage excellence in graduate studies at the master's and doctoral levels. This masters scholarship in Canada is awarded based on academic merit to students enrolled in eligible graduate programs at participating Ontario universities. Eligible candidates must be enrolled in a full-time master's program and prove academic excellence and research potential.
Study Destination: Canada
Scholarship Type: Partially Funded
Scholarship Amount & Coverage: The OGS provides a scholarship valued at $5,000 for one session, $10,000 for two following sessions or $15,000 for three following sessions.
In conclusion, these are all the popular scholarship choices that you must know as an international student. The journey to securing a master's scholarship for international study is both challenging and rewarding. The scholarships outlined above represent just a few of the many opportunities available to ambitious students seeking to advance their education abroad.
It is essential for applicants to carefully review the eligibility criteria and application deadlines for each available scholarship and to prepare thoroughly to submit a competitive application. While scholarships offer invaluable financial support, it is also practical for students to explore alternative funding options, such as overseas education loans. We at ELAN Overseas Education Loans will help you get quick and suitable education loan in India for study abroad, so you don’t have to worry about last-minute funding.
Connect with our team to ensure adequate financial planning throughout your academic journey.
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