Top 10 Scholarships in the World to Study Abroad for Free (Fully Funded)

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If you are looking for the best fully funded scholarships to study abroad for free, this post is for you. Moving abroad to study is an expensive adventure for most people. Tuition fees, accommodation, living costs, and many other expenses make it almost impossible for most people to achieve their dream of a degree from a prestigious university abroad.

But there is good news. Numerous institutions and organizations offer fully funded undergraduate, master’s, and PhD scholarships for international students. Today, we get down to the most prestigious and generous scholarships in the world for international students to study abroad for free. These Scholarships are fully funded, which means that you literally get paid to go to school.

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10. Joint Japan World Bank Group Scholarship Program

The Joint Japan/World Bank Graduate Scholarship Program is open to women and men from developing countries with relevant professional experience who are applying to a master’s degree program in a development-related topic. They offer several scholarships each year. The scholarship covers the cost of completing a master’s degree: return air travel, a $500 travel allowance, tuition and the cost of basic medical and accident insurance; and a monthly allowance to cover living expenses. The scholarship is for a maximum duration of two years.

9. MasterCard Foundation Scholars Program

Started in 2012, the MasterCard Foundation Scholars Program allows students whose talent and promise exceed their financial resources to complete their education. The Program provides financial, social, and academic support to Scholars. Financial support includes tuition fees, accommodation, books, and other scholastic materials. The Scholarship Program benefits 15,000 young people for secondary, undergraduate, and master levels within 8 to 10 years. Students can apply to study at selected universities in the US, Canada, the UK, and Africa.

8. New Zealand Commonwealth and Development Scholarships

The two major scholarships in New Zealand are the New Zealand Commonwealth Scholarship and the New Zealand Development Scholarship. The former provides scholarships for students from commonwealth countries while the latter provides scholarships for students from developing countries. The Development scholarship gives participants the opportunity to gain knowledge and skills in specific subject areas that will assist in the development of their home country.

Furthermore, both scholarships provide financial support for tuition, living costs, and airfares. For both scholarships, the partners of students are eligible for a work visa that allows them to live and work in New Zealand for the duration of their partner’s study. Do you want to study for Masters or PhD in New Zealand? Then take advantage of this opportunity.

7. German Academic Exchange Service (DAAD) Scholarships

If you are knowledgeable about scholarships, you must have seen this scholarship a lot. each year, among the thousands of postgraduate courses offered by German institutions, DAAD supports up to 80% of degree programs of particular interest to students from developing countries. DAAD scholarships range from Bachelor’s, Master’s, and Doctorate to research. The scholarships could also be either full or partial scholarships depending on your chosen course of study.

6. The Schwarzman Scholars Program – China

Every year, up to 200 Schwarzman Scholars will represent the world’s next generation of leaders. Schwarzman Scholars will be selected on the basis of not only their academic aptitude and intellectual ability, but also their leadership potential, entrepreneurial spirit, ability to anticipate and act on emerging trends and opportunities, exemplary character, and desire to understand other cultures, perspectives, and positions. All qualified candidates will have successfully completed their undergraduate degrees prior to enrollment and must be proficient in English. Expenses for successful SchwarzmanScholars are FULLY covered by the program, including Tuition and fees, Room and board, Travel to and from Beijing, an in-country study tour, required course books and supplies, Lenovo laptop and Smartphone, Health insurance, and a modest personal stipend.

5. Australia Awards Scholarships

Every year, the Australian government offers up to 1,000 Australia Awards Scholarships to students from developing countries. This is one of the best scholarships you can apply for because it prioritizes work experience over your academic grades and qualifications. A second-class passing academic performance can get you this full government-sponsored scholarship if you present a winning application.

4. Fulbright Foreign Scholarships – USA

The Fulbright Foreign Student Program enables graduate students, young professionals, and artists from abroad to study and conduct research in the United States. The scholarships are for study towards a Master’s or PhD degree, and can also be awarded for non-degree postgraduate studies. The number of awards varies per country, but approximately 4,000 foreign students receive Fulbright scholarships each year. The grant funds tuition, textbooks, airfare, a living stipend, and health insurance for the duration of study.

3. Chinese Government Scholarships

The Chinese government, plus its provincial governments in addition to its universities and its industry bigwigs as well as its various foundations, are one of the biggest scholarship providers in the world; both to international students and Chinese citizens. If you want to study an English degree program in China, be sure to apply between March and April for any of the Chinese government scholarships. The scholarship covers most of the needed costs to study in China.

2. Commonwealth Scholarships and Fellowships – UK

The Commonwealth Scholarship Commission (CSC) offers around 800 awards for postgraduate study and professional development each year. Over 27,500 Commonwealth Scholars and Fellows get funds from the UK government through the CSC since 1959. There are several Commonwealth scholarships and fellowships tenable at designated UK universities and open for undergraduate, master’s, and PhD students, depending on the Commonwealth countries.

1. Chevening Scholarships – UK

Chevening is the UK government’s international awards program aimed at developing global leaders since 1983. Funded by the Foreign and Commonwealth Office (FCO) and partner organizations, Chevening offers two types of awards – Chevening Scholarships and Chevening Fellowships. The recipients are personally selected by British embassies and high Commissions throughout the world. Chevening Scholarships are awarded to approximately 1,500 individuals every year. The scholarship offers full financial support to study for a Master’s degree at any of the UK’s leading universities and the opportunity to become part of an influential global network of 44,000 alumni.

There you have our top 10 fully funded scholarships around the world for international students.

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Do you want to study abroad? Note that obtaining a bachelor’s degree or a master’s degree in this field helps to improve your chances in the labor market. Studying abroad is no joke for international students due to the cost. However, you can achieve your dreams without breaking the bank by applying for student loans, which you can pay for as long as 10 years. 

MPower Finance and Prodigy Finance are some of the best student loan providers for international students. They also do not require a cosigner or collateral before an application. Reach out to us today, and let’s help you get started. 

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