So you decided to invest in higher education by pursuing a master’s from abroad? Now that you have made the decision, it’s important to take into consideration the ways to finance your master’s abroad. From accommodation to miscellaneous expenses, there’s a lot to manage during and after moving abroad for studying purposes.
This blog brings help to your assistance by sharing information on student finance masters abroad in 2023, scholarships, and funding and preparing yourself for one of the best study abroad experiences.
Fellowships are funded opportunities that are mainly offered to selected candidates who planned to pursue their advanced studies. The fellowships are for research purposes, postgraduate degrees, as well as doctoral and postdoctoral studies.
Students can finance masters abroad with the option of looking out for and availing of fellowships. A range of international fellowships is made available for international students to help them support their postgraduate studies abroad.
To get more insights of student finance masters abroad, let’s divide fellowships into Academic and Research fellowships, and Professional Development fellowships, and learn about the top 10 international fellowships for students in the tables below.
Professional Development Fellowships
|Professional Development Fellowships||Country|
|Endeavour Executive Fellowships||Australia|
|Commonwealth Professional Fellowships||United Kingdom|
|Eisenhower Fellowships||United States of America|
|Hubert H. Humphrey Fellowship Program||United States of America|
Academic and Research Fellowships
|Academic and Research Fellowships||Country|
|AAUW International Fellowships for Women||United States of America|
|CIMO Doctoral Fellowships||Finland|
|World Bank Robert S. McNamara Fellowship Program||Any|
|Rotary International Peace Fellowships||USA, Japan, UK, Australia, Thailand, Sweden|
|Schlumberger Foundation Faculty for the Future Fellowships for Women||Any|
|UNESCO Fellowship Programme||Japan, Czech Republic, China, Russia, Korea, Poland|
Scholarships for Particular International Students
Some scholarships are provided for minority groups and specific international demographic of students. Check whether you fall under the umbrella of those particular scholarships, and work towards applying for the same to finance masters abroad. To share some information about the same, we have shared the study abroad scholarships that the Indian government offers for minority groups/students to pursue postgraduate/master’s, and/or doctoral programs abroad.
|SERB Overseas Doctoral Fellowship||Doctoral Research in Science, Technology, Medicine, and Engineering|
|Padho Pardesh||Master’s course; M.Phil; PhD programmes|
|Dr Ambedkar Central Scheme of Interest Subsidy on Educational Loans for Overseas Studies for Other Backward Classes (OBCs) and Economically Backward Classes (EBCs)||Master’s course; M.Phil; PhD programmes|
|National Overseas Scholarship for Scheduled Tribe Students||Master’s, doctoral and postdoctoral in the areas: Pure ScienceHumanitiesApplied ScienceMedicineEngineeringEconomics/FinanceSocial ScienceAgricultureManagement|
|National Overseas Scholarship for Scheduled Caste Students||Master’s and PhD programmes in the areas:Accounting & FinancePure Sciences and Applied SciencesAgricultural Science and MedicineHumanitiesCommerceEngineering and ManagementSocial Science & Fine Arts|
Receiving a tuition waiver and in some cases, a living stipend, in exchange for working for a set number of hours as a graduate salaried student, is known as an assistantship. It is a sort of grant where paid opportunities are provided for students to work part-time in teaching or research. The USA has some of the top universities offering assistantships to international students.
Let’s check out the universities as they are listed below.
|Name of University||QS World University Ranking 2023|
|University of South Florida||601-650|
|Cleveland State University||1201-1400|
|West Virginia University||1001-1200|
|State University of New York||=416|
|Penn State University||93|
|University of Arkansas||1001-1200|
|University of New Orleans||–|
|University of Nevada||–|
|University of Houston||751-800|
Student Loans are a financial medium for students to realise their study abroad dreams and ambitions and for adding to student finance masters abroad in 2023. There is a wide range of student loans provided by Indian banks and non-banking financial companies that support students by providing them with education loans for abroad studies. Different student loans by different banks have their own interest rates and maximum loan amount.
Let’s check below the banks that provide student loans along with the best education loan schemes for studying abroad.
|Name of Bank||Education Loan Scheme|
|Bank of Baroda||Baroda Scholar Scheme|
|Canara Bank||IBA Model Loan Product For Higher Studies Abroad|
|State Bank of India||SBI Global Ed-Vantage Scheme|
|Punjab National Bank||PNB Udaan Scheme|
Work Study in the USA
If you are planning to go for advanced study in the form of masters in the USA, then work-study, which is a federal student aid program can surely be of use to you as an international student. Students with financial needs can utilise this option to help find part-time jobs off campus that can further help them finance masters. Under the same comes HTIR Work-Study Inc, which is an information and research corporation founded in the USA acting as a search and referral service for international students to “work while you study” masters programs since 1996. By going for the HTIR Work-Study option, students can study online in the first year and, and engage in paid employment while studying in the second year.
Ans. Student finance masters abroad through scholarships, education loans and more.
Ans. Yes, you can get student loans for studying abroad through Indian banks such as HDFC, SBI, Axis, etc.
Ans. SBI is one of the best education loan for studying abroad.
The aforementioned ways for students to finance their foreign masters can be how student finance masters abroad. Reach out to Fly Finance for more study abroad finance support.