Dreaming of studying abroad but worried about the costs? You’re not alone. Over 13 lakh Indian students are pursuing higher education in countries like Canada, the USA, the UK, and Australia. While the experience is invaluable, the financial burden can be overwhelming, especially for middle-class families. Thankfully, various scholarships can make your dream of studying abroad more accessible. Here’s a look at some key scholarships you should consider.
Prodigy Finance $5,000 Scholarship: For Ambitious Students
If you’re aiming to study abroad in 2025, the Prodigy Finance $5,000 Scholarship could be your ticket to a prestigious foreign university. This scholarship is open to students planning to enroll in an international institution next year. To apply, you must submit your application by September 30, 2024. The winners will be announced on October 15, 2024.
Applicants need to answer questions focusing on how they plan to bring about positive changes in their community. A panel of judges will evaluate the responses, and the selected students will receive financial assistance to support their studies abroad.
Commonwealth Masters Scholarship: A Lifeline for Commonwealth Nations
The Commonwealth Masters Scholarship is an excellent opportunity for students from low and middle-income Commonwealth countries. This scholarship covers full-time courses at universities in the UK, offering a comprehensive package that includes airfare from your home country to the UK, full tuition fees, and a living allowance. If you plan to study in the London Metropolitan Area, you could receive a monthly stipend ranging from £1,378 to £1,690.
Applications for this scholarship are currently open, and it’s a golden opportunity for students looking to pursue higher education in the UK without financial stress.
Inlac Scholarship: Supporting Indian Students Globally
The Inlac Scholarship is a significant financial aid opportunity for Indian students aspiring to study in the UK, Europe, or the USA. The scholarship amount can go up to $100,000, covering tuition fees, living expenses, one-way airfare, and health insurance. This scholarship is particularly beneficial for those pursuing postgraduate, master’s, or PhD programs abroad.
However, it’s important to note that students already enrolled in a postgraduate, master’s, or PhD program abroad are not eligible to apply. This scholarship is ideal for fresh applicants looking to start their international academic journey.
JN Tata Endowment: Tata Group’s Commitment to Education
The JN Tata Endowment scholarship, offered by the Tata Group, provides financial aid to Indian students pursuing higher education abroad. Unlike other scholarships, this one operates on a loan basis with a 2% interest rate. However, trustees have the discretion to offer interest waivers based on the student’s financial needs and academic performance.
This scholarship is available for full-time postgraduate, PhD, and post-doctoral studies. The loan amount ranges between Rs 1 lakh and Rs 10 lakh, providing substantial support for your educational expenses. Applications for this scholarship open in January, so mark your calendars if you plan to apply.
These scholarships not only reduce the financial burden but also bring your dream of studying abroad within reach. Whether you’re aiming for the USA, UK, or any other country, these funding opportunities can help you achieve your educational goals without compromising on quality or affordability.
