globeedconsultancy.com
Join us on facebook Follow us on twitter
| | | | |
"It was a great experience at Globe Ed.  I appreciate my counselor for her efforts. And I will recommend Globe Ed to my friends. "
Abhishek Jain
MS in Microelectronics Engineering
University of Texas, Arlington
USA

 
Education UK certificate for agents
 

 

 
UK
Many universities offer scholarships, grants and awards for international students directly, on the basis of academic merit. Please contact us if you would like information on scholarships for specific subjects, courses or universities. Other large organisations also offer general scholarships to overseas students, particularly postgraduates. The major schemes are:
  • - NEW for 2006/2007: Scottish International Scholarship Programme
  • - the Overseas Research Students Awards Scheme
  • - the Commonwealth Scholarship and Fellowship Plans
  • - the British Chevening Scholarships
 
NEW! Scottish International Scholarship Programme
Permanent residents of China, India, South Africa, Australia, New Zealand and Singapore wishing to study for a Masters in Scotland can apply for the Scottish Executive scholarships for the 2006-2007 entry. The scholarships are available for courses at any Scottish higher education institution, with priority for science and technology and creative industries courses. They cover tuition fees, return economy airfare and living allowance.
 
Overseas Research Students Awards Scheme (ORSAS)
The ORSAS is available to students of exceptional academic excellence to undertake postgraduate research in British universities. The award provides funding only to pay the difference between the international student tuition fee and the home/EU fee. They do not cover the basic fee or maintenance; however, some universities provide additional awards to cover these extra costs. Students have to apply through the academic institution where they have been offered a place to study.
 
Commonwealth Scholarship and Fellowship Plans (CSFP)

General Scholarships through the CSFP are normally available for postgraduate studies, and cover the cost of the university fees, return travel and personal maintenance. Applications should normally be filed in the first instance to the Commonwealth Scholarship agency in the country where the applicant is a permanent resident.

Split-Site Doctoral Scholarships from the CSFP support students who are already undertaking a PhD programme in their home university. The scholarship enables the students to spend 1 year in a UK university as part of their work. The award covers one year's tuition fees, travel and maintenance allowance. Applications are normally sent through the universities.

The Shared Scholarship Scheme provide support for taught postgraduate students who would not otherwise be able to study in the UK. The scheme provides funding for tuition fees, return airlines and a maintenance stipend. Applications should be filed through participating universities.

 
British Chevening Scholarships
These scholarships are available to talented graduates and young professionals for studying in the UK. Three types of scholarships are available: Type A (tuition fees only), Type B (full scholarships, covering fees and stipends), and Type C (covering part or full stipends and allowances). Applications should be made through the British Embassy, High Commission or British Council of the country where the student is a citizen.
 
USA
University Funding
This kind of funding is usually the most common. The different types of financial help available:
Types of Assistance
Merit based assistance is awarded in many forms, from tuition waivers, various types of assistantships, to fellowships. The most common are listed here :
  • Tuition Waiver : This means that the student does not have to pay the tuition fees at the university. However, general fees (for the use of university facilities like the library, computers, and sports and health services) usually have to be borne by the student. A tuition waiver is frequently awarded in conjunction with a scholarship or teaching/research assistantship.
  • Scholarship / Fellowship : This is usually an outright grant based on the studentís academic ability and performance. Hence, Only a truly outstanding student may be considered for this type of award, before enrolling at the university. A full scholarship would pay for a studentís entire living expenses at that university, whereas a partial scholarship would require additional funds from the student. These awards are few and very competitive.
  • Assistantship : Most students who receive assistance usually do so in the form of an assistantship, i.e. a cash stipend sufficient for their living expenses, and/or tuition waiver. To get this, they have to work for a maximum of 20 hours per week. This work normally consists of teaching and research activities. Teaching assistantships are more likely to be in universities, which have large undergraduate classes whereas research assistantships tend to be more common in those fields and universities in which considerable research is in progress. Information brochures of most universities give this information.
 
Aid from other Sources (U.S.)

There are many other sources of funding especially for graduate students applying to the universities in US. These need some spadework. If you try hard, you may find the kind of funding that suits your needs.

A few good websites that offer information for international students are :
  • Financial Aid for International Students (www.finaid.org) ∑
  • NAFSA Association of International Educators (www.nafsa.org) ∑
  • Rotary Ambassadorial Scholarships: The scholarship amount goes upto U.S. $ 23,000 for studies in any subject and any country. For any information, contact any Rotary Club office or write to: The Scholarships Programme, Rotary Foundation, Rotary International, One Rotary Centre, 1560 Sherman Avenue, Evanston, Illinois, U.S.A.
 
Scholarships for MBA in USA

It is important to understand that most universities do not offer financial assistance to international students for a program like MBA. The few who manage tuition waivers and assistantships usually get it after they reach the university and usually after a semester.

It still makes sense to take a loan. This is because the kind of jobs that you would get on completion of the MBA program, you should manage to pay back your loans within a year or two.

A typical loan required for an MBA program in a mid tier university in US would be about Rs. 15 lakhs. (Many banks offer education loans)

On completion of an MBA, you would typically get a job with an average salary of say US $ 60,000 per annum (This could vary depending on how you perform in your program and job interviews). Remember, you have to perform well in your program to get jobs.

After taxes and expenses, you could easily save about US $ 10,000-15,000 or more a year. This means you can pay back your loans in about two years. Imagine, trying to earn this kind of money anywhere in the world in such a short time. That's USA for you.

 
Sponsorships

This is perhaps the simplest option of all. The university presents an official estimate of study and living expenses, and you get a letter or affidavit from your parents or a rich relative, in which they declare their income and support for your studies. This is satisfactory for both the university and the visa authorities.

Who Should Apply? Students have a greater chance of getting financial aid if they :

  • show evidence of a high level of academic achievement
  • achieve high GMAT / GRE / SAT scores
  • demonstrate financial need but have private funding to cover some of the cost. Financial need is not crucial for some awards.

The key is to learn more about all of the funding opportunities available to you. A little creativity can go a long way in financing your education in the States!

Research and apply for international student scholarships on your own: InternationalScholarships.com

 
Below are some links for websites that provide information on international student scholarships and financial aid for international students:
  • ScholarshipExperts.com - This site helps international students who want to study in the USA with time-saving international student scholarship search tools. It also contains advice sections for international students.
  • International Education Financial Aid (IEFA) – This site provides a searchable database that contains various sources of aid available to international students. It is a free service.
  • International Student Loans – This site offers loans to international students, so long as the international student loan is co-signed by an American citizen.
  • The Fulbright Program provides funds for students, scholars and professionals to undertake graduate study, advanced research, university teaching, and teaching in elementary and secondary schools. Established in 1946, Fulbright aims to increase mutual understanding between the peoples of the United States and other countries, through the exchange of persons, knowledge and skills.
  • Rotary International and The Rotary Foundation administer a broad range of humanitarian and educational programs designed to improve the human condition, world understanding and peace. Learn more about Rotary's Ambassadorial Scholarships, Grants for University Teachers, and World Peace Scholarships for study at their Centers for International Studies in Peace and Conflict Resolution.
  • The Soros Foundations Network – This foundation offers international student scholarships for undergraduate and graduate students. Many are restricted to students from specific countries.
  • AAUW – This organization provides fellowships for international graduate students who are women.
  • AMIDEAST – This organization provides grants for international students from the Middle East and North Africa.
  • Institute for International Education – The institute publishes a book titled Funding for U.S. Study: A Guide for Citizens of Other Nations that provides information on hundreds of grants and international student scholarships offered by governments, foundations and international organizations.
  • FundingUSStudy.org is a database of scholarships, fellowships and grants organized and maintained by the Institute of International Education (IIE).
  • Cornell University Graduate School Fellowship Notebook – This database contains a list of funding and international student scholarships available to graduate international students.
  • King Faisal Foundation – This organization provides an international student scholarship program for Muslim students to undertake post-graduate studies at any USA university.
  • InternationalScholarships.com is an online financial aid resource for international students wishing to study in a foreign country.
  • The International Education Financial Aid Page features a searchable list of grants, scholarships and loan programs for international students.
  • eduPASS, The Smart Student Guide to Studying in the USA, provides excellent articles, charts and links about financing college.
  • GrantsNet features a database of funding opportunities in biomedical research and science education. Post-graduate status is necessary for most awards without U.S. citizenship requirements.
  • The Academy for Educational Development is committed to solving critical social problems throughout the world through education, social marketing, research, training, policy analysis and innovative program design and management.
  • Mobility International USA offers a top-notch Financial Aid Resource Sheet for people with disabilities. The organization empowers disabled people around the world through international exchange, information, technical assistance and training.
  • Sport-Scholarships.com offers information about athletic scholarships in 29 sports to help finance your study in the USA.
  • The National Collegiate Athletic Association's official web site provides details of limited scholarships available for outstanding student athletes.