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A scholarship is a type of financial aid offered to students to help them in financially easing their education. Scholarships are awarded based on a variety of variables that symbolize the participant’s beliefs and aspirations. Scholarship monies do not need repayment.

Scholarships assist persons with low financial resources in obtaining a decent education. Grants do not necessarily have to be in the form of money.

Bursary payments might range from a few thousand rupees to full tuition, housing, board, and travel. The following are some of the most well-known types of study abroad scholarships:

Need-Based Scholarship

Based on necessity ,scholarships are grants given to students to assist them in meeting their educational expenditures. The prospective students and their family’s assets and income are the primary determinants of eligibility. Test scores and physical ability have little influence on any help on needs.

Merit-Based Scholarships

Merit-based scholarships are grants for students based on academic accomplishment, athletic achievement, creative skill, engagement in extracurricular activities, and other factors.

Program / Career Based Scholarships

Independently or the schools and universities with which the students have affiliation may award program-specific scholarships. These grants are given based on a student’s academic and personal achievements.

Scholarships in the USA

Students studying in America are fortunate, as they have access to some of the finest courses and a variety of scholarships to pursue their chosen field of study. Some of the most well-known and famous scholarships offered to Indian students seeking higher education in the USA are as follows:

  • Fulbright Award for all colleges in the United States is a need-based and merit-based scholarship covering tuition, living expenses, and travel expenses.
  • Cornell University Tata Award — A need-based scholarship is given to students pursuing masters degrees at Cornell University.
  • Stanford's Dependence Dhirubhai Fellowship for Stanford — A need-based and merit-based award available only to Indian masters students at Stanford. The scholarship covers the student's tuition costs up to USD 90,367. However, there is a condition that the student return to India after the course is over.
  • QS link Masters Grant – This need-based scholarship pays up to $2,000 in tuition costs.
  • The Go Clean Scholarship is open to all colleges in the United States. A merit-based scholarship up to USD 3500 in total costs for students attending any university in the United States.

Scholarships in Canada

Students who aspire to study in Canada but cannot afford the tuition fee can opt for Scholarship. In most cases, the scholarships cover all or part of the tuition fees in Canada. The following are some of the most sought-after scholarships for studying in Canada:

  • The Canadian government sponsors the Vanier Canada graduate scholarships, available to international students doing PhD research in the country. For three years, the scholarship covers the cost of study in Canada up to 50,000 CAD each year.
  • The Donald A Wehrung International Student Grant for University of British Columbia students. International students with excellent academic potential who come from a politically insecure or military conflict zone are eligible for the grant from the top five universities in Canada
  • Undergraduate students can apply for the Lester B Pearson international scholarship for students studying at the University of Toronto. The scholarship is merit-based and covers the entire cost of tuition, books, and living expenses for four years.

Scholarships in Australia

The Australian scholarships for overseas students studying abroad are listed here. Benefits include complete tuition fee, flights, a stipend for settling in, health insurance, and living expenses for the entire course for students who want to pursue undergraduate and post-graduate degrees from Australia.

  • Macquarie Institution data science scholarship for Indian students - designed for Indian students taking a data science study at the university, with perks including tuition cost coverage of up to AUD 16,000.
  • Queensland University of Technology Benefits of the international scholarship for post-graduate work – meant for students who enrol in post-graduate courses at the University of Queensland – include a 50% tuition fee discount.
  • Endeavour post-graduate grants - are for overseas students pursuing a post-graduate or doctorate. It covers both the tuition and health insurance costs.
  • Melbourne research scholarships - perks include tuition costs (complete remission for overseas students), living expenses allowance, relocation allowance, health insurance, parenting, and sick leave for local and international research students.

Scholarships in the UK

Scholarships, bursaries, grants, fellowships, prizes, and other financial aids are available in the United Kingdom. Scholarships may vary in value from 1000 to 8000 pounds. Merit-based scholarships, overseas scholarships, and university grants are all available. To be eligible for any financial incentives, students must apply ahead of time. Students who intend to study here can apply for several scholarships. Here are two of them

  • Commonwealth Masters: Scholarships include travel, tuition, exam fees, personal allowance, thesis, grant allowance, an arrival allowance, and other expenses for overseas students from developing nations.
  • Chevening Scholarships: are offered to Indian students and students from other qualified nations, and they cover the cost of tuition(add –fee), flights, visas, and accommodations.