Learn about two of the most trusted ways to cover study-abroad expenses
What is a scholarship?
A scholarship is a non-returnable financial aid typically granted to a student on grounds of academic performance, extracurricular excellence, or financial need. It covers a part (or in some cases the entirety) of the student’s study expenses abroad. A scholarship may be funded by the university, the government, or even a specific subject department or an alumnus.
What is an assistantship?
An assistantship entails paid on-campus employment of a student in his/her field of study. It is like a work-study program as it helps the student earn a certain amount of money to help cover his/her expenses. But here, instead of working in the cafeteria or housekeeping, the student performs tasks related to teaching or research for faculty members and/or the chosen subject Department. This is usually restricted to 20 hours a week in return for a stipend or tuition fee reimbursement.
Different types of scholarships
Merit-based
Depends on student’s academic or extracurricular performance.
Student specific
Applicants who meet the criteria based on gender, race, religion, family, and medical history.
Destination specific
Bursaries and funds granted to students from a particular country
Subject-specific
Certain universities award grants to students for a specific field of study.
Need-based
Targeted towards students facing financial constraints owing to parent’s financial background.
Athletic scholarships
Provided to top-notch sportsmen who can represent the university.