Scholarships to Study Abroad

Cost of studying is an important consideration and major obstacle for students contemplating Study Abroad. Many students and parents get intimidated by cost of living and tuition fee of institutions in foreign countries. Most students are unaware that there are numerous scholarships and study loans available for Study Abroad. Many institutions provide full study abroad scholarships, which take care of tuition fees, study materials, lodging as well as travel expenses. Partial scholarships are also available, which typically covers tuition fee. There are also institutions which provide a mix of scholarship and loan.

Basic requirement for availing scholarship is an offer letter from the University. Criteria of scholarships depend on the objective of the institutions offering the scholarships. Majority of the scholarships are merit based, however, institutions also provide assistance based on other considerations. Mostly the scholarships are aimed at Masters and Ph.D students; however, many undergraduate scholarships are also available to support students to fulfil their dreams.

Broadly, scholarships can be divided into following categories.

1. Merit scholarships: Majority of scholarships are strictly merit based. Institutions provide scholarships in to high achievers in different streams to promote excellence. Merit criteria could be academic or non-academic like music, sports etc.
2. Scholarships targeted to specific groups: Some institutions offer scholarships based on ethnicity, gender, region etc. Primary objective of these scholarships is to improve representation of people from disadvantaged sections of the society. These scholarships are given to meritorious students within such sub-sections of the population.
3. Country specific scholarship: Several institutions offer scholarships to study in specific countries, or to students coming from specific countries.
4. Subject specific scholarship: There are institutions which want to promote research in specific areas. The idea is to enhance the knowledge creation and augment the pool of scholars in a determined field.
5. Need based scholarship: These are scholarships given to students who are restricted in terms of financial backup or are less privileged monetarily.

Broadly, scholarships can be divided into following categories.Career Guru helps you in your scholarship quest.

Career Guru can help to reduce the financial stress to a great extent by helping you prepare for and get suitable scholarships. We will provide professional and streamline guidance to obtain scholarship and will help you on each step in your scholarship quest:

• • One to one session with an expert to assess the need and identify appropriate scholarships
  • Help in scholarship application process
  • One to one session with an expert to assess the need and identify appropriate scholarships
  • Expert guidance for the interview
  • Our experts will help you obtain financial supports in form of scholarships, research assistantship, bursaries, grants based on your academic strength and also through Strategic Profile Building and Designing – STEPD.

  List of Scholarships

  Scholarships are offered by institutions, universities, government bodies, trusts, charitable organizations and companies. Some important scholarships for Indian students are:

  • J N Tata Endowment
  • ITC Scholarships
  • Inlaks Foundation
  • Rhodes Scholarship
  • Mariwala Trust
  • Rotary Ambassadorial Scholarships
  • Fullbright Commission
  • The United Nations
  • Singapore International Airlines – Youth Scholarships
  • World Health Organization
  • Aga Khan Foundation – International Scholarship Programme
  • R D Sethna Scholarship
  • K. C. Mahindra Scholarships for Post-Graduate Studies Abroad</span>
  • The Rotary Foundation
  • Scheme of National Overseas Scholarship

  Few Example of Country Specific Scholarships are:

  USA

  • USIEF’s The Fulbright-Nehru Master’s Fellowships
  • S.N. Bose Scholars Program
  • Tata Scholarship for Cornell University
  • Stanford Reliance Dhirubhai Fellowship (MBA)
  • Akhtarali H. Tobaccowala Fellowship
  • The AU Emerging Global Leader Scholarship
  • AAUW International Fellowships
  • AMERICAN ALUMNI ASSOCIATION

  There are many other scholarships offered by Institutions as well from time to time. Like Oregon state University of $8000 per year, University of Cincinnati Scholarship up to $15,000/annum, New Jersey Institute of Technology Scholarship up to $20,000/ annum, University of Massachusetts (UMASS) Boston Scholarship up to $5,000/annum

  United Kingdom

  Many UK Universities offer Full or Partial Scholarships for International and Indian Students. They offer bursary (range from GBP 1,000 to 2,000) and scholarships for high achievers up to GBP 4,000. There are also a number of scholarships – from the Indian Government, independent organisations and Universities. Few of them are:

  • Gates Cambridge Scholarships
  • Dr Manmohan Singh Scholarships | St John’s College, Cambridge
  • The Oxford and Cambridge Society of India Scholarships
  • Commonwealth Scholarship and Fellowship
  • Sussex India Scholarships
  • University of Sheffield’s Scholarship
  • Rhodes Scholarship to study at the University of Oxford
  • Ms. Agatha Harrison Memorial Fellowship 2016-17
  • Edinburgh Napier scholarships for students from South Asia
  • Hornby Scholarships
  • British Council GREAT Scholarships India
  • The Felix Scholarship
  • Scotland’s Saltire Scholarships
  • University College London Scholarships
  • Developing Solutions Masters Scholarship, UK
  • Graduate Support Scheme (GSS)
  • Chevening Scholarships

  Ireland

  Government of Ireland and Colleges offer many Full and Partial Scholarships to international and Indian Students. Here’s a list of few scholarships available in Ireland:

  • The Government of Ireland International Education Scholarship
  • The Walsh Fellowship
  • Scholarships by the Irish Research Council for Humanities and Social Sciences (IRCHSS)
  • Dublin Business School Scholarships and Discounts
  • National University of Ireland, Galway Scholarships
  • Max Arthur Macauliffe Special Merit Scholarship for Indian Students at NUI Galway
  • Sir Peter Freyer Special Merit Scholarship for Indians at NUI Galway
  • UCD UG scholarship

  Australia

  • International Postgraduate Research Scholarships (IPRS), Australia
  • Ashok Khurana Scholarship for Outstanding Indian Students
  • The Endeavour Awards
  • La Trobe College Excellence Scholarships

  Germany

  • DAAD scholarship programmes of study in Germany

  China

  • Huawei Maitree Scholarship to study in China

  New Zealand

  • Dean’s Asia Scholarships in the Faculty of Business and Economics, New Zealand

  Europe

  • India4EU II scholarships to study in European Universities

  Japan

  • Japanese Government Monbukagakusho (Mext) Scholarships for Indian students

  South Korea

  • Korean government scholarship for Indian students

  France

  • Raman-Charpak Fellowship
  • The Eiffel Excellence Scholarship Programme, France

  Switzerland

  • University of Zurich UBS Center Scholarship, Switzerland

  Singapore

  • NTU Research Scholarship, Singapore
  • Nanyang President’s Graduate Scholarship, Singapore
  • SIA Youth Scholarship, Singapore

  Sweden

  • Örebro University Scholarship
  • Mälardalen University scholarship programme

  Canada

  Canada Graduate Scholarships-Master’s Program

  • Canadian Commonwealth Scholarship Programme
  • University of British Columbia Scholarships and awards for international students
  • The Vanier Canada Graduate Scholarship
  • VIU International Undergraduate Regional Scholarships

  Education Loan

  Career Guru also helps in accessing cost effective educational loans with easy repayment options for overseas studies. The Loan Amount, Procedure and Interest Rate vary from bank to bank and for country to country. The maximum loan amount offered by HDFC bank is up to INR 20 lakhs, SBI offers a maximum amount of INR 30 lakhs as an education loan for studying abroad and Axis bank offers a maximum of INR 20 lakhs to covers different costs like tuition, accommodation, and books (values liable to change with changes in bank/policy). Main banks that offer easy, quick and reliable loans are:

  • State Bank of India
  • HDFC Bank
  • Allahabad Bank
  • Union Bank of India
  • Oriental Bank of Commerce
  • Axis Bank
  • Indian Bank
  • Indian Overseas Bank (Vidhya Jothi Scheme)
  • Canara Bank (Vidyasagar Scheme)
  • State Bank of Mysore (Gananamitra Educational Loans)
  • Andhra Bank (Educational loans for Dr. Pattabhi Vidya Jyothi Scheme)
  • State Bank of Hyderabad
  • Bank of Punjab
  • Punjab National Bank (Vidyalakshypurti Scheme)

  Student loans can also be availed from non-banking financial companies/institutions (NBFCs) like Credila, International Student Loan Program (ISLP), Global Student Loan Corporation (GSLC).

  To obtain an educational loan you must meet the following criteria:

  • Should be a citizen of India
  • Must have a good academic background
  • Must have admission in a recognised foreign University or Institution
  • The course of study must be a technical or professional as banks give preference to job oriented courses
  • Must have attained 18 years of age else parents will have to take loan.

  Some Important Documents Required for educational loan:

  • Mark sheets
  • Proof of admission
  • Schedule of expenses
  • Copies of letter confirming scholarship
  • Copies of foreign exchange permit, if applicable
  • Two passport size photographs
  • Statement of bank account for the last six months of borrower
  • Income tax assessment not more than two years old
  • Brief statement of assets and liabilities of borrower
  • If you are not an existing bank customer you would need to establish your identity and give proof of residence.