One of the first thoughts that cross the mind of a student when applying for a course to study abroad - Is the total course fees and the total scholarship amount on offer! In many cases, the amount of money available through scholarships and the official sanction of a scholarship or grant determine if a student will accept the admission offer and join the institution.
Types of Scholarships:
Scholarships are usually of the following types:
- Scholarships offered by the institution/university.
- Scholarships offered by the government.
- Scholarships offered by private trusts, charitable organisations and companies.
What a Scholarship Covers?
Usually scholarships offer a monetary discount, which is deducted from the tuition fees; no direct cash payment is made to the students. Bursaries and research grants are different, wherein students are paid a regular grant at intervals. The scholarship amount varies from as less as USD 1000 to as much as USD 25,000 or more.
Some of the popular scholarships that are available for international students are listed below; click on them for more information.
- Chevening UK Government Scholarships
- Commonwealth Scholarships
- Erasmus Scholarships
- Royal Society Grants
- Tata Scholarship at Cornell University for Indian Students
- Fulbright-Nehru Master’s Fellowships for Indian Students
A Full Scholarship - Fact or Fiction?
A question that many students aspiring to study abroad ask is - ‘If 100% scholarships are offered?’ The true answer for this question is ‘NO’. There are no 100% fully paid scholarships for international students. Some scholarship awarding bodies may foot nearly 85% of the total costs but these are limited in number.
Research Grants and Fellowships:
Students need to note that research grants and technical fellowships are different from a regular scholarship. As research-fellows, students dedicate long hours of intense research in laboratories working on their research projects. Such research projects are funded by large corporations or the government and students receive regular grants to fund the research.
Competition is extremely cut-throat and if the research is a failure or not economically sustainable such projects are shut down. We once again reiterate that a ‘fully paid research fellowship’ should not be confused with a scholarship!
Applying for Scholarships:
This is one of the most important steps of the whole process. Once you have short-listed the institutions to which you plan to apply; focus on the various scholarships listed on the institutions’ websites. Read through the details and apply to all the scholarships for which you are eligible.
Ensure that you complete the scholarship application form properly, provide all relevant details and send the form well in time. In addition to these scholarships; regular announcements are made by philanthropists and private organisations before the admission season. Check educational websites, newspapers, international student support forums and Facebook pages for updates and apply accordingly.
Note: Some institutions mandate that the scholarship application should be made with the original course admission form. Some institutions open up the scholarship process for students only once the admission form is verified and the student is given a conditional offer.
Team Hotcourses India's Take:
Generous scholarships do help but still a major portion of the fees, living and accommodation costs will have to be borne by the student. With most banks offering student loans at attractive rates and plans that start instalments once you start earning; education loans from banks can be combined with scholarships and the ‘study abroad dream’ can be fulfilled.
Scholarships play a pivotal role in a student accepting or declining an offer to study in a specific institution. A majority of students still rely a lot on scholarships to fund a major component of their total costs and in a number of cases students have also chosen to forfeit their admission-offer and stay back in their home country and study or work there.
In case you are aware of a 100% scholarship; do write to us at email@example.com. All the very best for your scholarship-search and studies!