Scholarships for Studying Abroad

Studying abroad has many known benefits. It not only gives your resume a boost but gives you many socio-cultural soft skills that will help you in your professional and personal life. Many students from India, aspire to study abroad but are held back on account of the high costs entailed in obtaining such an education. Not only does the student face the prospect of paying the tuition fees which is quite high in itself, but can seem even more of a burden when converted for an exchange rate. So does this mean studying abroad is out of reach if you are not related to a multi-millionaire? Far from it, there are many scholarships for international students available, which can make your education more affordable. We show you how to get study abroad scholarships in order to fund your education abroad.

There are many different categories of study abroad scholarships available for international students based on individual background and eligibility criteria. The study abroad scholarships can also be provided by various universities, institutions, governmental and non-governmental organizations. Some broad categories of study abroad scholarships are.

1. Merit based scholarships

Merit based scholarships for international students are provided to students who have either proven academic excellence in their field of study or exceptional ability in an extracurricular activity such as sports or art. These study abroad scholarships are based on merit and apart from helping to fund your overseas education, they also provide a lot of value and status to your academic and professional profile. A few examples of renowned study abroad scholarships in the merit based category are the Fulbright scholarships for international students from certain selected countries out of the USA, including India. The scholarship, which is known as the Fulbright Foreign Student Program is one of the most prestigious scholarships for international students.

The Fulbright-Nehru Awards are a sub-category of the Fulbright scholarships for international students and are given to highly accomplish Indian students, to enable them to study in USA. The application process for getting study abroad scholarships is quite rigorous, but it is totally worth it, as the foundation takes care of all your expenses if you qualify. Other prestigious scholarships for international students are the Rhodes scholarship. The Rhodes Scholarship of India is a study abroad scholarship program by the Rhodes Foundation, providing 5 scholarships to exceptional Indian students, who are selected based on their character, leadership ability, and academic excellence. The study abroad scholarships from Rhodes includes coverage of tuition fee, money required for living expenses for the duration of the course as well as airfare for traveling to Oxford University.

2. Need based scholarships

A number of high ranking universities such as Harvard, Yale, MIT, and others provide scholarships for international students, who qualify for their program but cannot fund the cost of education. Many private organizations funded by MNCs as well as governmental organizations in India, which provide study abroad scholarships for students who want to pursue their education abroad. These need based scholarships for international students are given on the premise that no student should be turned away due to lack of funds. In order to qualify for needs based scholarships for international students, a student will need to show proof of financial statements belonging to him or to his guardians, to indicate a lack of sufficient funds. Some examples of need based scholarships for international students are scholarships instituted for international students to study in partner countries instituted by various governments in the world, and scholarships provided by private institutions such as the Gates Foundation, the Dhirubhai Ambani Foundation and many others.

To know more about studying abroad and how to get a scholarship to fund your studies, get in touch with Global Tree, the most trusted overseas education consultant in India.