Who Provides Study Abroad Scholarships?
Scholarships can come from many different sources and you’re typically eligible to receive more than one form of financial support. Review the guidelines for each scholarship or award to see what opportunities you qualify for.
There are various sources of funding for the financial aid, such as:
- Schools and Universities
- Businesses and Foundations
- Private donors
Sponsoring institutions may be run or influenced by people who have studied abroad themselves and because of that they truly understand the value of experiencing an international education.
The availability of scholarships for international students will vary from country to country. Whichever scholarships you apply for, remember to be patient and persistent – as the application process and decision-making can take time. That being said, scholarships are an excellent way to help you finance your study abroad dreams.
What Can a Study Abroad Scholarship Cover?
Depending on which of the many scholarships you decide to apply for and who is sponsoring it, the terms of the scholarship, and what it can be used to pay for (and what it can’t be used for) can vary greatly.
Most scholarships are supposed to cover your basic cost of studying. This might include the cost of tuition, registration fees, books, and other school-related costs. With some scholarships, a portion of living costs may also be covered, such as the cost of food and accommodation (sometimes referred to as “room and board”.
Some international scholarships are much less strict. They will award you a sum of money which you can put towards your studies however you feel is appropriate depending on your circumstances. Of course that doesn’t mean you can just spend the money on whatever you like, it should all be used to fund your education – not for social activities or any other purpose. The difference is that you’re more in control of your own budget and can use the financial aid as you see fit.
It’s important to think about when the study abroad scholarship money will be released to you. Funds are most commonly paid out in a lump sum before the start of the fall semester, but in some cases, may be paid out in instalments over the course of the year. In the case of a study abroad scholarship that is paid out in instalments, in order to keep receiving the payments you may be required to maintain a certain level of academic merit.
Scholarships can be either paid to finance office of the school or to the student directly. Your school or the sponsoring organization will have their own procedures for when scholarship funds will be awarded. You should ask in advance so that you’re able to work out your budget effectively.
Scholarships for Undergraduate Students and Graduate Students
Whether you’re an undergraduate or graduate student, there may be different funding options for you, so remember to explore all the options.
How to Find Scholarships to Study Abroad in 2021
For huge numbers of students, the idea of studying abroad is incredibly exciting and interesting. They want to experience a different culture first-hand, work on their communication skills in a foreign language, or just explore the world as an international student.
Depending on the destination you choose and the type of program you enrol in, it can either be really expensive or could even save you money. But finding a study abroad scholarship to study abroad can reduce the overall cost, otherwise for some, the dream of studying at a school overseas may be out of reach.
To find scholarships to study abroad, first think about the destinations and courses that you are interested in. Contact the schools that you would like to attend to see what aid is available for international students, and use the IEFA.org scholarship search for the latest list of available scholarships.