Study Abroad

Discover The Top 10 Most Cost-Effective Study Abroad Scholarships Available Worldwide

Studying abroad can be financially burdensome due to high tuition fees, accommodation expenses, and daily living costs, making it an unattainable dream for numerous students. Nevertheless, several institutions seek promising and talented students and offer them scholarships to assist them in achieving their aspirations.

Below is our compilation of the top 10 scholarships available worldwide.

  • The Fulbright Scholarship (USA)

The Fulbright Foreign Student Program extends complete financial aid to 4,000 global students pursuing their studies in the United States. Interested international students are required to apply via the Fulbright Commission/Foundation or the US Embassy in their home country. The application deadline varies by country, typically ranging from February to October each year. It is imperative to refer to the official website and country-specific portals for comprehensive details on the application process for this scholarship.

  • The Eiffel Excellence Scholarship (France)

Designed for international students pursuing Masters’s and Ph.D. programs in France, the Eiffel Excellence Scholarship offers a monthly stipend of €1,181, along with a round-trip ticket to their home country and social security benefits.

  • The Chevening Scholarship (UK)

The Foreign and Commonwealth Office supports the Chevening Fellowship, representing the UK’s global scholarship initiative. International students from eligible nations desiring to study in the UK can benefit from tuition coverage, monthly allowances, round-trip airfare to their home country, and additional grants, with 1500 fellowships available.

  • Endeavor Scholarships (Australia)

For students aspiring to pursue Master’s or Ph.D. programs in Australia, the Endeavor Scholarship extends complete financial aid, covering tuition fees, travel expenses, monthly allowances, and travel plus health insurance.

  • Gates Cambridge Scholarships

The Gates Cambridge Scholarship program, founded in October 2000, received a generous donation of $210 million from the Bill & Melinda Gates Foundation, the largest ever to a UK university. This scholarship honors exceptional applicants from countries beyond the UK, allowing them to pursue a full-time postgraduate degree in any of the subjects offered by the University of Cambridge.

  • The Gates Millennium Scholarship (USA)

Endorsed by Bill Gates of the Gates Foundation, the Gates Millennium Scholarship supports the complete expenses of 1000 students annually. This scholarship encompasses tuition fees, lodging, and food expenses for students pursuing their studies anywhere in the United States.

  • Swedish Institute Scholarship (Sweden)

The Swedish Institute study grant assists 550 international Master’s students yearly in pursuing their studies in Sweden. This scholarship includes tuition fees and living expenses and partially subsidizes insurance and travel costs to their home country.

  • The Joint Japan World Bank Graduate Scholarship (Global)

The JJ/WBGS Scholarship targets students from developing countries aspiring to pursue a Master’s degree overseas and subsequently return to their home country to contribute to its growth. This scholarship covers tuition, lodging, and health insurance expenses and provides a monthly stipend to meet living costs.

  • Rotary Foundation Global Study Grants (Global)

The Rotary Foundation is committed to promoting international mobility. The scholarship they offer is suitable for any student who wants to study outside their home country. Starting from $30,000, this scholarship covers all educational and travel expenses, including tuition fees, lodging, meals, supplies, and language courses.

  • The Uniplaces Stock Exchange (Global)

The Uniplaces Scholarship, a joint initiative of Uniplaces and ESN, provides ten students with the opportunity to receive an entire semester’s rent payment for their accommodation anywhere in the world, irrespective of their place of origin and study destination. This initiative aims to ease financial burdens for students by reducing their accommodation expenses and enabling them to focus on their studies.

Last Words 

Here are the top 10 scholarships in the world, but numerous other scholarships are available for students. Students should apply for these scholarships and hope for the best to study abroad without incurring any costs. Well, studying abroad can be an expensive affair for some students, and scholarships like these can be a significant support to realize one’s dream of higher education in a foreign country.

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