Studying abroad is an enlightening, exciting experience, one that many college students look forward to. However, the high cost deters many students from even applying to travel abroad. Fortunately, there are several study abroad scholarships that offer full or partial free funding if you meet their requirements. This study abroad scholarship money can cover your travel, program fees, books, credits, and accommodation costs.
Types of Study Abroad Scholarships
Because there are several different types of study abroad scholarships, you should check them all out!
Merit-Based Study Abroad Scholarships
These scholarships are awarded to students who have achieved some success in specific academic, athletic, artistic, or other skills. Of course, the exact criteria will vary depending on the particular scholarship. These opportunities will often factor in your extracurricular activities and community service record.
Program-Specific Scholarships
Independent study abroad organizations offer program-specific scholarships. However, only students who choose to study abroad through their specific program are eligible to apply for these scholarships. Applications are assessed on academic and personal accomplishments.
Destination-Specific Scholarships
Governments of various countries offer these scholarships to encourage students to study in their country. However, some universities also offer destination-specific scholarships. Only students who are planning to pursue a program in that specific country are eligible to apply for these awards.
Subject-Specific Scholarships
Students earn subject-specific scholarships based on their particular field of study. To be eligible for a subject-specific scholarship, you must be enrolled in the specified courses during your study abroad term. These awards are funded by private institutions and study abroad programs. Eligibility criteria vary based on each scholarship.
Student-Specific Scholarships
Gender, race, religion, minority status, or disabilities form the basis for student-specific study abroad scholarship opportunities. Various educational and private organizations offer these. To be eligible for these awards, you must meet the specific requirements in addition to any other eligibility criteria.
University-Provided Scholarships
Several universities set funds aside because they want to offer students the chance to pursue a study abroad program. Check with your school’s financial office or academic advisor if your school offers such funding.
Government-Funded Scholarships
The Fulbright Program is one of many government-funded scholarships that offer funding to students planning on studying abroad. It’s also one of the more famous programs, because it’s such an honor and accomplishment to get in.
Where to Find Study Abroad Scholarships
While the internet offers a wealth of resources in this regard, don’t let it be your only source. With a little bit of effort, you may be able to find several less-competitive opportunities that you qualify for. Therefore, ask your academic advisor. Check your local newspapers and community notice boards. Also, find out if your parent’s employer offers study abroad scholarships for their employees’ dependents. Keep in mind, there is no limit to the scholarships you can apply to nor to the amount of award money you can win. With some luck, you can fund a large portion of your study abroad experience through generous scholarship award money.
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| Lender | Rates (APR) | Eligibility | |
|---|---|---|---|
 |
5.82%-13.97%* Variable
4.43%-12.57%* Fixed
|
Undergraduate and Graduate
|
VISIT CITIZENS |
 |
6.37% - 16.70% Variable
4.50% - 15.49% Fixed
|
Undergraduate and Graduate
|
VISIT SALLIE MAE |
 |
5.38% - 16.99% Variable
4.43% - 16.99% Fixed
|
Undergraduate and Graduate
|
VISIT CREDIBLE |
 |
5.84% - 11.11% Variable
4.39% - 11.11% Fixed
|
Undergraduate and Graduate
|
VISIT LENDKEY |
 |
6.15% - 16.08% Variable
4.83% - 16.16% Fixed
|
Undergraduate and Graduate
|
VISIT ASCENT |
 |
6.10% - 10.64% Variable
3.95% - 8.01% Fixed
|
Undergraduate and Graduate
|
VISIT ISL |
 |
5.62% - 16.20% Variable
4.42% - 15.90% Fixed
|
Undergraduate and Graduate
|
VISIT EARNEST |
|
|
4.98% - 12.79% Variable
4.48% - 12.29% Fixed
|
Undergraduate and Graduate
|
VISIT ELFI |
