Scholarships For International Students #personalfinance #fintech #Scholarships #business #cryptocurrency #howtomakemoney #investment #bitcoin
Scholarships for International Students
Higher education abroad is one of the most sought after academic opportunities amongst international students and aspirants. But, taking up a course in a foreign country is an expensive proposition. With the costs of living and tuition fees varying from one country to another, international students find themselves in a tight spot while arranging for the funds.
Common Sources of Funds
Scholarships and student’s loans are the two most common options available to international students who wish to study abroad. Here we take a look at scholarships that can be availed by international students.
Types of Scholarships
International students can avail a variety of scholarships depending upon their university, field of study and even funders prepared to finance their education.
- University Scholarships: Universities often provide scholarships to international students. Such scholarships might be either merit-based, based on the courses taken, or need-based, depending on the family’s financial stability.
- Government-funded Scholarships: Governments of most countries provide scholarships to their citizens and even to those of other countries. Such government-funded scholarships usually require an essay exam and a merit criterion.
- Non-profit or NGO Scholarships: Non-profit organizations or NGO’s often provide scholarships to international students. Such scholarships might be based on financial need or may have some other criteria.
- Company-funded Scholarships: Companies, foundations, and other organizations also often provide scholarships and fellowships for international students. Such scholarships are usually centered on a specific field or country of study and need to be applied for separately.
Eligibility Criteria
The eligibility criteria for taking up a scholarship usually vary from one case to another. But usually, it depends upon the candidates nationality, academic performance, future objectives, and other factors like financial need. In addition to these, universities and other institutions might also have their own criteria and procedure for selection.
How to Apply for a Scholarship
Applying for a scholarship usually involves the submission of application forms with testimonials and documents to demonstrate merit or financial need. Contacting the related funding institutions and universities are also necessary in order to get the most updated information about the terms, application criterion, deadlines, and other necessary details. Applying for a scholarship also requires one to have knowledge about the various funding options available.
Frequently Asked Questions about Scholarships for International Students
- Q1. What are the common types of scholarships for international students?
- The common types of scholarships available for international students are university scholarships, government-funded scholarships, non-profit or NGO scholarships, and company-funded scholarships.
- Q2. How can I apply for a scholarship?
- Applying for a scholarship usually involves the submission of application forms with testimonials and documents to demonstrate merit or financial need. Contacting the related funding institutions and universities are also necessary in order to get the most updated information about the terms, application criterion, deadlines, and other necessary details.
- Q3. What are the eligibility criteria for availing a scholarship?
- The eligibility criteria for taking up a scholarship usually vary from one case to another. But usually, it depends upon the candidate’s nationality, academic performance, future objectives, and other factors like financial need. In addition to these, universities and other institutions might also have their own criteria and procedure for selection.
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