MobisHere’s a concise overview of scholarships and loans for studying abroad, based on current information:
Scholarships
1. Benjamin A. Gilman International Scholarship (U.S. Students)
Eligibility: U.S. undergraduate students with financial need, receiving Federal Pell Grants.
Amount: Up to $5,000 for study abroad; up to $8,000 for critical need languages.
Details: Supports study or internships abroad, aimed at diversifying student populations. Apply via the U.S. Department of State.
2. Fund for Education Abroad (FEA)
Eligibility: U.S. undergraduates, with preference for underrepresented students (e.g., students of color, first-generation, community college).
Amount: Varies, up to $5,000 for a semester.
Details: Partners with organizations like CAPA, AIFS, and SIT to fund study abroad.
3. Fulbright U.S. Student Program
Eligibility: U.S. graduating seniors, graduate students, or young professionals.
Amount: Varies, covers study, research, or teaching abroad.
Details: Offers opportunities in over 140 countries for graduate study or research.
4. Turing Scheme (UK Students)
Eligibility: UK students with compulsory study or work abroad placements.
Amount: Varies, covers living and travel costs.
Details: UK’s global program for study and work abroad.
5. BUTEX Scholarships (UK Students)
Eligibility: UK undergraduates at BUTEX-affiliated institutions studying outside Europe.
Amount: £500.
Details: Supports semester or year-long study abroad.
6. MEXT Scholarships (International Students to Japan)
Eligibility: International students admitted to Japanese universities for short-term study (3 months to a year).
Amount: Often covers full tuition and travel costs.
Details: Offered by Japan’s Ministry of Education, apply via host university coordinator.
7. IES Abroad Scholarships
Eligibility: Students accepted into IES Abroad programs, especially those with financial need or disabilities.
Amount: Over $6 million annually, varies by program.
Details: Includes need-based, merit-based, and diversity scholarships. Apply within 10 minutes, results in 5 days.
8. OAS Academic Scholarships Program
Eligibility: Students from OAS Member States (excluding home country) in the last two years of a bachelor’s degree.
Amount: Up to $10,000 for tuition, fees, airfare, and living expenses.
Details: Requires return to home country for two years post-study.
9. Global Study Awards
Eligibility: Open to students worldwide showing commitment to intercultural exchange.
Amount: Up to £10,000.
Details: Supports students with career and societal impact potential.
10. Studyportals Scholarship
Eligibility: International students studying abroad.
Amount: Up to €10,000.
Details: Helps cover tuition and living costs, apply via Studyportals.
Loans
1. Federal Student Loans (U.S. Students)
Eligibility: U.S. students enrolled in approved study abroad programs through their home institution.
Amount: Up to $5,500–$12,500 annually for undergraduates; Parent PLUS loans up to cost of attendance.
Details: Apply via FAFSA. Can cover tuition but not travel costs. Check with your school’s financial aid office.
2. Private Student Loans
Eligibility: U.S. or international students, often requiring a U.S. cosigner with good credit.
Amount: Up to total cost of attendance (tuition, room, board, travel, etc.), minus other aid.
Details: Higher interest rates than federal loans. Use comparison tools like internationalstudentloan.com.
3. International Student Loans
Eligibility: International students studying in the U.S. or abroad, typically needing a U.S. cosigner.
Amount: Varies, up to full cost of attendance.
Details: Offered by private lenders like MPOWER (no cosigner for select schools). Check eligible schools and terms.[](https://www.internationalstudentloan.com/)
4. UK Student Finance Travel Grant
Eligibility: UK students studying abroad, means-tested.
Amount: Covers reasonable travel costs.
Details: Apply through Student Finance England.[](https://students.leeds.ac.uk/funding-grants-study-abroad/doc/study-abroad-scholarships)
5. Bank Loans (e.g., HDFC Credila, State Bank of India for Indian Students)**
Eligibility: Indian students studying abroad, often with collateral or cosigner.
Amount: Varies, covers tuition and living expenses.
Details: Repayment after studies, based on income thresholds.
Tips for Finding Funding
Start Early: Apply for scholarships and loans well before deadlines.
Check with Your University: Study abroad and financial aid offices often list program-specific scholarships.
Explore External Organizations: Local groups, foreign governments, and providers like CIEE, AIFS, or USAC offer scholarships.
Use Scholarship Databases: Sites like Scholarships360, Go Overseas, or InternationalScholarships.com list thousands of opportunities.
Maximize Federal Aid: U.S. students should complete FAFSA to access grants and loans.
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