Types of scholarships for international students
High expenses is a major reason students refrain from studying abroad. Well, we are here to tell you not to let your finances hold you back and explore the various scholarships for international students.
Millions of international students dream of studying abroad. Most go abroad for their postgraduate degrees while some, for their undergraduate degrees. However, while studying abroad is the opportunity of a lifetime, it is also one of the most expensive ventures. The average yearly cost of studying abroad can range from US$ 30,000 to US$ 70,000. Keeping that cost in mind, getting some scholarships for international students might drastically reduce the load of tuition fees.
For international students, it’s essential that they plan on how to finance their education abroad before leaving their home country. Most universities in countries like the USA, UK, and Australia offer substantial financial aid to their students. Read this blog to find out which kind of financial aid you might be eligible for:
1) Need-Based Scholarship
These scholarships are reserved for students that need financial aid. It’s an excellent opportunity for students struggling to make ends meet. Many universities offer need-based scholarships to international students. For example, Harvard University offers total scholarships worth $46,508, New York University-$47,750, and Cornell University-$49,116, to name a few. You can find out about the scholarships offered by the university you’re applying to, by visiting their official websites.
2) Privately-Funded Scholarships
Scholarships funded by private organizations are a viable option for international students. However, most of these scholarships have strict eligibility criteria. For example, there are some scholarships for women specifically, while some are reserved for certain areas of study.
While, Indian organizations such as Inlaks Shivdasani Foundation Scholarships, Tata Scholarship for Cornell University, Stanford Reliance Dhirubhai Fellowship, S N Bose Scholars Program offer scholarships for Indian students.
3) Merit Scholarships
Merit-based is the first type of scholarship that comes to mind when we think of financial aid. Universities award merit scholarships to students that excel in academics or sports. Below are the types of merit-based scholarships that international students can avail:
These scholarships lie in the category of athletic scholarships. Regulated by the NAIA, NJCAA, and NCAA, these scholarships can be fiercely competitive. Also, there are several rules regarding how students can receive the scholarship. Regardless of the conditions, sports scholarships are excellent for international student-athletes hoping to study in the US.
These scholarships are awarded on the basis of outstanding academic performance. They are funded by private organizations, colleges or universities. Students with excellent grades in their programs are eligible for this type of scholarship.
Average Academic Scholarships
It takes more than high grades and standardized test scores to get an average academic scholarship. For this type of scholarship and grant, students are evaluated on their overall performance. Universities also take into account factors such as community service and extra-curricular activities.
4) Government-Funded Scholarships
The governments of USA, UK, etc. provide many scholarships to international students in order to promote the internationalization of their education systems. Programs such as the Chevening scholarship, Hubert Humphrey Fellowship Program, Fulbright Foreign Student Program, etc. are some examples of government offered scholarships for international students.
Funding can be an enormous challenge for many international students who wish to study abroad. Not to mention, applying for admission and scholarship, getting a visa and setting up accommodation entails a lot of time and effort.
Here are some examples of the best scholarships for international students:
|Chevening scholarship||Full scholarship which covers tuition fees for studying in the UK|
|Gates Cambridge Scholarships||Graduate-level, full scholarships for research in the University of Cambridge|
|Hubert Humphrey Fellowship Program||For professionals who want to study in the US for at least 10 months|
|Fulbright Foreign Student Program||For graduate students and artists who aspire to study in the US|
|Commonwealth Fellowship||For students from commonwealth countries. It covers tuition fees, travel, and allowances|
|Australia Awards Scholarships||Full scholarship for students from developing countries intending to study in Australia|
|S. N. Bose scholarship||For Indian students who want to study in the USA. Includes stipend, health insurance, & airfare|
To make life easier, iSchoolConnect offers overseas consulting to international students. From applying to their preferred university to finding scholarship and accommodation, we help international students throughout the entire process. We also help you connect with these organizations that award scholarships to deserving students. You can visit our website or contact us. We also publish several helpful blogs that tell you Everything You Need to Know About GRE, How to choose your perfect college, Benefits of part-time jobs for students, and many other things. So what are you waiting for? Explore away!