Many students from middle class families dream of studying abroad. However, it is not easy for them to bear the expenses of studying abroad. So, many students take a study loan to manage their studies. Moreover, they often work part-time to manage their living costs. However, overseas education consultants in Gurgaon guide students in getting scholarships. Hence, it helps them a lot in managing their finances.
Let’s know the top scholarships for the students.
Know The Types of Scholarships
There are numerous scholarship programs awarded to students to support their studies. So, all these programs are cut up into discrete groups. These groups are built based on the achievements of the students. However, students generally apply in three groups to get a scholarship. This is because these groups offer several benefits to students. Let’s know them all.
Government funded
These types of scholarship programs are the most famous among students who plan for overseas education. This is because the local ministry of the country awards these scholarships to students to support their studies. However, these programs carry many benefits for the students. Thus, students who avail of these awards get benefits in their tuition fees. In addition, they also get a cost cut off on their living expenses.
Academic scholarships
Almost every institute helps students by granting them scholarships. These programs include a cost cut-off on tuition fees. In addition, students also get benefits on the expenses of their books and projects. However, students get these scholarships on the basis of their merit or their performance in sports.
Need based scholarship
Many students have extraordinary records in their studies or sports. However, they are not able to complete their studies due to insufficient finances. So, the government and colleges help them to complete their studies by granting them scholarships based on their need. These programs help students with their tuition fees and other expenses related to their studies.
Know The Top 5 Scholarships For Financial Aid
As you know there are a number of scholarships that are given to students by ministries or institutes. So, sometimes it is not easy to decide the best programs to apply for.
However, overseas education consultants in Gurgaon have shortlisted some of the top scholarships for the students. If you are planning to study abroad, you can apply for any of these programs to get benefits in your studies abroad.
Commonwealth scholarships
This scholarship is the most eminent financial aid program in the UK. This award is not given to all students. A discrete firm, FCDO, is responsible for funding students under this program. Every year, around 200 students who come from 56 Commonwealth countries enjoy this award. However, students who want to study master’s or PhD in the UK can only apply for this financial aid. So, the duration for this scholarship is only 1 year for a master’s and 3 years for a PhD student. This scholarship benefits in
Full tuition fees
Air tickets
£1236 to £1516 as living cost per month
Free study travel
Tata scholarship
Tata scholarship is also known as the JN Tata endowment loan scholarship. This program is famous among Indian students who want to study abroad. This is because it helps students significantly in their overseas education. This is a financial aid cum loan. This is because students who get this scholarship have to pay some amount after their graduation. Let’s know the benefits of this financial aid.
₹1,00,000-₹10,00,000 for studies
₹50,000 as travel expanse
₹2,00,000-₹7,50,000 as a gift amount.
The Australian awards scholarship
Overseas students who study in Australia apply for this scholarship. This program is given by the Department of Foreign Affairs and Trade. So, it benefits the students in several ways. It covers
Full tuition fees
Return flight tickets
Establishment allowance
Health insurance
Note- Students from any degree can apply to get the benefits of this program.
Fulbright scholarship
This is the best scholarship program students can apply to study in the USA. However, this scholarship program applies only to students who want to study master’s or doctoral degree. But, it covers a lot of benefits for the students to support their education in the USA.
This scholarship program covers:
The entire tuition fee of the program
Complete living cost
Health Insurance (As per guidelines by the USA government.)
In addition, this program also bears an economy class ticket from your home country to the USA and visa versa.
Chevening scholarship
This is one of the best scholarship programs for students who want to study master’s or a doctoral degree in the UK. This program covers:
Tuition fees
Economy class flight tickets from your country to the UK and Visa versa
Visa expenses
Departure bonus and leaving bonus
An amount between £917-£1134 every month to manage living costs.
Though this program has a lot of terms and conditions, then also too many students apply to get these benefits while studying in the UK.
How To Apply For Scholarship
Students apply for every possible scholarship program to get benefits for their overseas education. Every program has distinct methods and eligibility, but you can follow these general steps to get a scholarship according to your preference.
Look for a scholarship program that fits your eligibility.
Fill out the application form online or offline.
Attach all supporting documents.
Stay updated with the notifications.
Enjoy the benefits.
Conclusion
Finally, you can conclude that scholarships play a vital role in your study abroad journey. This is because scholarships help cut the cost of tuition fees. Moreover, some of the programs also bear the travel expenses, living costs, health insurance and many more that depend on the guidelines of the organisation.
However, there are a number of scholarship programs in the world. This makes it difficult for students to select and apply for the best program. So, you can contact study abroad consultants in India; they will assist you with the best scholarship program for your abroad education. In addition, they will also guide you in the process of applying for the scholarship.
