Top 10 Best Scholarships for International Students Studying Abroad

Whether it's a year of high school, undergraduate or master's degree, we've all fantasized about studying abroad. If this idea has crossed your mind at some point, I'm sure you've been stuck at the same point as most of us: how much money do I need to do it with? Well, to prevent this issue from stopping you when you are ready to embark on this experience, we have compiled in this article the best scholarships to study abroad, so you can take a look at them and turn this idea into reality.

We explain which are the best scholarships to study abroad and how to apply for them.

1. Erasmus Scholarship

We begin with the classic among the classics of scholarships to study abroad: the Erasmus scholarship. Who doesn't have a friend, brother, sister or acquaintance who has spent a year in Europe thanks to this scholarship? Erasmus+ organizes student exchanges between universities in different European Union countries.

In addition to making friends and having a good time, which we already take for granted, these scholarships to study abroad are a great opportunity to get to know the culture of the destination country of your choice, develop your language skills and, as our grandmothers would say, "know what a comb is worth", since it means getting by in another country with different customs and getting out of our comfort zone.

The duration of this scholarship ranges from 3 to 12 months, and can be combined with paid internships abroad.

The first thing you should know to be eligible for an Erasmus scholarship is that you must be enrolled in a higher education institution and your studies must be oriented to the achievement of a recognized degree. If you are a first cycle student, you must apply for this scholarship when you have completed at least the first year of your studies. In addition, both the institution where you are enrolled and the destination institution where you want to go must have an inter-institutional agreement between them and have the Erasmus Charter for Higher Education.

2. Iberdrola Scholarships

The Iberdrola International Scholarship Program for Master's Studies is aimed at young professionals who want to develop their career in innovation within the energy sector. A total of 35 scholarships are offered to study abroad, distributed as follows:
  • Spain: 8 scholarships to study in Spain, the United Kingdom or the United States.
  • United Kingdom: 12 scholarships to study in the United Kingdom.
  • Mexico: 15 scholarships to study in Mexico.
To find out when to apply for these scholarships to study abroad, you have to pay attention to the information published on their website, since that is where they publish all the information related to the registration process, the necessary documents and the winners of the scholarships. In this link you can consult the rules and regulations to participate in the 2021/22 call for applications for this scholarship.

3. DAAD Scholarships

If the idea of studying in Germany has crossed your mind, the DAAD, Deutscher Akademischer Austauschdienst, founded in 1925 and headquartered in Bonn, probably sounds familiar to you. It is the largest German funding organization for international academic cooperation and supports those who want to go to Germany to study.

The DAAD offers scholarships to study abroad to an estimated 150,000 students each year and has a budget of 500 million euros per year, most of which comes from public funds, even though it is not a governmental organization.

The DAAD offers more than 100 different scholarship programs, so we recommend you to take a look at their website to find the most suitable scholarship for you. This can vary depending on the eligibility criteria, such as country of origin, knowledge of the German language, level of studies or duration of studies.

4. Endeavour Scholarships

Considered one of the best scholarships to study abroad, specifically in Australia, the Endeavour Scholarships are part of the Australia Awards scholarship program offered by the Australian Government to enable citizens from the Americas, Asia and Europe to train and develop professionally in Australia.

The Endeavour Scholarships were created in 2009 and are divided into four categories:
  • Endeavour Graduate Scholarship
  • Endeavour Research Scholarship
  • Endeavour Professional Education and Training Scholarship
  • Endeavour Executive Scholarship
These study abroad scholarships cover tuition fees and provide a monthly stipend of A$3,000 as well as a travel and accommodation allowance of A$3,000. They also offer grants of between A$2,000 and A$40,000 to settle in Australia.

Among the requirements to apply for these scholarships to study abroad are the following:
  • Be over 18 years of age.
  • Belong to one of the participating countries, including Spain.
  • Have a university degree and a good academic record.
  • Have a good level of English.
5. Ramón Areces Scholarship

A very interesting and perhaps less known option among the scholarships to study abroad, is the Ramón Areces scholarship, which grants 24 scholarships to study in universities and research centers abroad. These scholarships are focused on 6 different categories: economic analysis, commercial distribution, applied economics, business economics, economic history and European Union law.

The scholarship has a duration of 12 months, extendable according to the decision of the Board of Trustees of the Ramón Areces Foundation and upon request of the interested party, and an economic endowment of 1,800 € net per month. The scholarship also covers registration and enrollment fees, as well as the cost of an annual round trip.

To learn more about how to apply for this scholarship and what requirements you must meet, you can visit this web page.

6. Eiffel Scholarships

The Eiffel Excellence Scholarships were created by the Ministry for Europe and Foreign Affairs of the Government of France, and are aimed at foreign students who wish to pursue a master's or doctoral degree in France.

The 4 areas of study of the Eiffel scholarships are:
  • Law
  • Economics and Management
  • Engineering for the Master's level and Sciences in the broad sense for the PhD level (Engineering, exact sciences: mathematics, physics, physics, chemistry and life sciences, nano and biotechnologies, earth, universe and environmental sciences, information and communication sciences and technologies).
  • Political science
The age requirements for access to these scholarships are maximum 25 years for the master's level and 30 years for the doctoral level.

7. Fulbright Scholarships

The Fulbright program is the main educational and cultural exchange program in the United States. Participants of these study abroad grants are selected on the basis of their academic and professional achievements, taking into account their leadership abilities, and have the opportunity to study, research and work in the United States for different periods of time depending on the duration of the specific grant, between 2 and 5 years. The annual endowment of this scholarship is $35,000, about 32,500 €. Here you can consult the different scholarships available for Spaniards, a total of 17 different scholarships, as well as their application deadlines and requirements.

8. Vulcanus Scholarship

The Vulcanus Scholarship is a scholarship program created in 1997 by the Government of Japan to allow students from the European Union to carry out internships in Japan. The duration of these scholarships is one year and includes a financial endowment of 1,900,000 ¥, about 15,400 €. The costs of accommodation, language courses and seminars are also covered by this scholarship.

There are a priori only two requirements to apply for these scholarships to study abroad: to be a citizen of the European Union and to be a university student in the field of engineering or science.

Participants of this scholarship will enjoy:
  • A one-week seminar on Japanese culture.
  • An intensive Japanese language course.
  • 8 months of internship in a company in Japan.
9. Chevening Scholarships

The Chevening Scholarships are an international scholarship program created in 1983 by the Foreign Office of the United Kingdom and are aimed at students of high academic potential who wish to pursue postgraduate studies in the United Kingdom.

To apply for these scholarships to study abroad you must have a university degree, at least 2 years of work experience and be a citizen of one of the 116 countries to which these scholarships are directed.

These scholarships cover tuition fees, airfare from the home country and accommodation and living expenses.

The fields to which the approximately 1,500 scholarships apply are as follows:
  • Agronomy
  • Architecture
  • Arts and Humanities
  • Business
  • Medicine
  • Education
  • Engineering
  • Geography
  • Languages
  • Law
10. Vanier Scholarships

The Vanier Scholarships are fully funded by the Government of Canada and help finance careers related to research in health, science and engineering for foreign students. They are especially oriented to students who come from a Latin country or are Spanish-speaking, their duration is 3 years and the financial endowment is $50,000.

Due to the international recognition and popularity of these scholarships, the registration process as well as the requirements to obtain them are very strict:
  • Be nominated by a Canadian university.
  • Do not have a doctoral degree.
  • Have been the best student in the class for the last two years.
  • Not have been awarded a PhD scholarship or a CIHR, NSERC or SSHRC scholarship before.
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