Students can use the monetary award of a scholarship towards the expenses of their programme such as travel, course, credits, books and lodging. Students must apply for scholarships and some can be very competitive while others are underutilized. There are several types of study abroad scholarships:
Merit-based awards are based on a student’s academic, artistic, athletic or other abilities, and often factor in an applicant’s extracurricular activities and community service record. It’s important to note that qualifications will vary based on the particular scholarship.
Student-specific scholarships for applicants who initially qualify based on factors such as gender, race, religion, family and medical history, or many other student-specific factors. Minority scholarships are the most common awards in this category, but qualifications will vary based on the particular scholarship.
Destination-specific scholarships are awarded by a country to students planning to pursue a study abroad programme in that particular country. They are awarded as an incentive to study in that country instead of elsewhere.
Programme-specific scholarships are offered by individual study abroad programmes and/or the colleges and universities where they may be associated to qualified applicants. These scholarship are often given on the basis of academic and personal achievement, but qualifications will vary based on the particular scholarship.
Subject-specific scholarships are awarded by study abroad programmes or institutions to students based on their particular major or field of study. These scholarships may require the recipients to enroll in subject-specific courses while abroad or conduct subject-specific research while abroad, but it’s important to note that qualifications will vary based on each scholarship.