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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.

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
  • 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:

Few Example of Country Specific Scholarships are:


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:


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:




New Zealand



South Korea






Canada Graduate Scholarships-Master’s Program

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.