Scholarships and Other Financial Assistance for Studying Abroad

Want to study abroad for free? Come on, read information about scholarships, scholarships and other types of financial assistance for international students only on Visaxtra

Want to study abroad for free? Scholarships could be the right solution for you. But did you know that there are many other types of financial assistance for international students who want to study abroad?  Come on , read the following discussion regarding the types of financial assistance for studying abroad.

Merit Based Scholarships

Scholarships can cover part of the tuition fee or even the entire tuition fee. There are many criteria used to award scholarships to awardees –  one of which is academic achievement or achievement in other fields. Scholarships awarded with this in mind are usually called merit -based scholarships .

Scholarships Based on Study Destination

If you are aiming to study in a particular country, you should know that many countries offer scholarships for international students. These scholarships usually aim to increase cooperation between countries or attract international students to study in that country. Some examples of scholarships that fall into this category are the Chevening Scholarship to study in England , the Swedish Institute Scholarship to study in Sweden , and the Fulbright Scholarship to study in the United States .

Sports Scholarships

Sports scholarships ( athletic/sports scholarships ) are usually given to those who have extraordinary athletic skills. This type of scholarship is very common in the United States, because sporting events at the university level are very popular and can be a huge source of income through ticket sales, souvenirs and so on.

Even though it is called a sports scholarship, this does not mean that recipients of this type of scholarship only need to excel in sports. They are also required to maintain minimum academic grades if they wish to retain their scholarship.

Scholarships Based on Financial Need

This scholarship is aimed at helping students from underprivileged backgrounds to study abroad. Scholarships based on financial need ( need-based scholarship ) can be used to cover tuition fees and other relevant costs. Recipients of these scholarships are often also allowed to receive additional funds from merit-based scholarships.

One of the main requirements for getting this type of scholarship is a document that proves the financial status of the scholarship recipient.

Dermasiswa

Scholarship or bursary is financial assistance provided by an institution or academic group to assist a student’s education. In the UK, the term ‘ bursary ‘ is used more often than ‘ scholarship ‘.

Scholarships are generally awarded based on academic achievement, while scholarships are awarded based on the student’s financial need. So what the scholarship granting institution considers is the financial background of the candidate applying for the scholarship. 

Fellowship

Fellowship  is a term previously used to describe a group of individuals who are given the opportunity to work as fellows to pursue special knowledge or studies. This term is widely used in English-speaking countries to refer to those who have achieved a certain level of education, for example PhD.

In the form of financial assistance, Fellowship is financial assistance for outstanding students to conduct research at an institution. To receive this fellowship , students must submit their thesis, what they want to study, and why the research is useful to the field of study.

Grant

Grants are financial assistance provided by government agencies.  In the United States, grant recipients generally have to pay back the financial aid they received once they graduate from college. However, there are also various  grants that do not require recipients to pay.

Apart from government agencies, private companies can also provide  grants . This is usually done with the hope that the grant recipients will join the company giving  the grant  after they graduate from college.

Loan

Loans for study or ‘ student  loans ‘ are very common abroad, for example in the United States. Just like a regular bank loan, this loan must be repaid in installments with interest when you graduate from college. Please note that  this loan option is sometimes not available to international students.

Are you ready to hunt for scholarships abroad? Visaxtra has  information about various scholarships abroad  and  various study abroad guides  that can help you plan your studies. 

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