Olamileka OlamiSearching for the most affordable scholarship in the world? If yes, you’ve just gotten to the end of your search. Below are the ten most affordable and fully-funded scholarships from around the world:
1. DAAD Scholarships (Germany)
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Location: Germany
Details: The German Academic Exchange Service (DAAD) offers a variety of scholarships for international students at undergraduate, graduate, and doctoral levels.
Coverage:- Tuition fees
- Monthly living allowance
- Health insurance
- Travel allowance
- Research allowances (if applicable)
2. Swedish Institute Study Scholarships (Sweden)
Location: Sweden
Details: These scholarships are available for students from specific countries to pursue master’s programs in Sweden.
Coverage:- Full tuition fees
- Monthly living expenses
- Travel grant
- Insurance coverage
3. VLIR-UOS Scholarships (Belgium)
Location: Belgium
Details: VLIR-UOS offers scholarships for students from developing countries to study in English-taught master’s programs or training programs at selected universities in Belgium.
Coverage:- Tuition fees
- Monthly allowance
- Accommodation
- Travel costs
- Insurance
4. Eiffel Excellence Scholarship Program (France)
Location: France
Details: Funded by the French Ministry for Europe and Foreign Affairs, this scholarship is for international students pursuing master’s or Ph.D. programs in France.
Coverage:- Monthly allowance
- Travel expenses
- Health insurance
- Cultural activities
- (Partial) tuition fees
5. Erasmus Mundus Joint Master Degree Scholarships (Europe)
Location: Various European countries
Details: Erasmus+ offers scholarships for students from around the world to study in Erasmus Mundus Joint Master Degree programs across multiple European universities.
Coverage:- Participation costs (tuition fees)
- Travel costs
- Installation costs
- Monthly subsistence allowance
6. Chevening Scholarships (UK)
Location: United Kingdom
Details: Funded by the UK government, Chevening Scholarships are for outstanding emerging leaders to pursue a one-year master’s degree at any UK university.
Coverage:- Tuition fees
- Monthly stipend
- Travel costs to and from the UK
- Arrival allowance
- Homeward departure allowance
- Additional grants for essential expenditures
7. Joint Japan/World Bank Graduate Scholarship Program
Location: Various countries worldwide
Details: This program provides scholarships for students from developing countries to pursue development-related master’s programs at selected universities worldwide.
Coverage:- Tuition fees
- Monthly living stipend
- Round-trip airfare
- Health insurance
- Travel allowance
8. Turkish Government Scholarships (Turkey)
The Turkish Government Scholarships appears to be the most affordable due to their extensive coverage and low cost of living in Turkey.
Turkish Government Scholarships (Turkey)
Details:
- Website: Türkiye Scholarships
- Eligibility: Open to international students from a wide range of countries.
- Programs Covered: Undergraduate, Master’s, and Ph.D. programs.
- Language: Programs are available in both Turkish and English.
Coverage:
- Tuition Fees: 100% tuition waiver for the entire duration of the program.
- Monthly Stipend:
- Undergraduate: 1,000 Turkish Lira per month
- Master’s: 1,400 Turkish Lira per month
- Ph.D.: 1,800 Turkish Lira per month
- Accommodation: Free accommodation in university dormitories or a housing stipend if dormitories are unavailable.
- Health Insurance: Comprehensive health insurance coverage.
- Travel Costs: One-time round-trip airfare (to and from Turkey at the beginning and end of the program).
- Turkish Language Course: One-year Turkish language course for students who are not proficient in Turkish. This course is also fully funded.
Application Process:
- Online Application: Applicants must apply through the Türkiye Scholarships online portal. No application fee is required.
- Documents Required:
- Academic transcripts
- Diplomas or degrees
- Letters of recommendation
- Personal statement or motivation letter
- Research proposal (for Ph.D. applicants)
- Language proficiency test scores (if applicable)
- Interview: Shortlisted candidates may be invited for an interview, either in person or online.
Why it is Cost-Effective:
- Comprehensive Financial Coverage: The scholarship covers virtually all costs, including tuition, accommodation, health insurance, and travel expenses, significantly reducing the financial burden on students.
- Low Cost of Living: Turkey generally has a lower cost of living compared to many Western countries, making the monthly stipend more sufficient for covering living expenses.
- No Application Fee: Unlike many other scholarships that require an application fee, the Turkish Government Scholarships are free to apply for, making them accessible to students from all economic backgrounds.
Overall, the Turkish Government Scholarships offer extensive financial support and additional benefits such as language courses and health insurance, making them an excellent and cost-effective option for international students. With this it becomes obvious that Turkish Government Scholarship is the most affordable.
9. Gates Cambridge Scholarships (UK)
Location: University of Cambridge, United Kingdom
Details: Funded by the Bill and Melinda Gates Foundation, these scholarships cover the full cost of studying at the University of Cambridge.
Coverage:- Full tuition fees
- Maintenance allowance
- Airfare at the beginning and end of the course
- Visa costs
- Some additional funding for conferences and academic development
10. Fulbright Scholarships (USA)
Location: United States
Details: Sponsored by the U.S. government, the Fulbright Program offers scholarships for international students to pursue master’s or Ph.D. studies in the United States.
Coverage:- Tuition fees
- Living expenses (monthly stipend)
- Travel costs (round-trip airfare)
- Health insurance
- Book and research allowances
These scholarships provide excellent opportunities for international students to pursue higher education without the financial burden, covering a wide range of expenses including tuition, living costs, travel, and insurance.
Olamileka Olami
