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A scholarship is an award of financial aid for a student to further their education. Scholarships are awarded based on academic achievement or other criteria that may include financial need, for the purpose of schooling, which usually reflect the values and purposes of the donor or founder of the award. There are various types of scholarships – the two most common being merit-based and need-based. Scholarship money is not required to be repaid.
In the world today, many organisations, governments, individuals have taken it upon themselves to fund tuition fees of potential world changers, determined to make his history in their world.
This post contains world most funded scholarships and their worth.
This Erasmus Mundus scholarships is heavily funded by the EU Commission, dedicated to the highest qualified students fulfilling the criteria set forth by the consortium. The scholarship does not only cover tuition fees and insurances but additionally contributes to accomodation, visa and travel costs. Students with and without EU citizenship are eligible to apply. Depending on the students’ status an 8000 € installment plus a monthly stipend of 1000 € may apply – if students are Non-EU citizens and did not work/study in the EU for a total of 12 months over the past 5 years. EU citizens may receive a monthly grant of 500 € for the total duration of 24 months.
The Ford Foundation scholarships is a fully funded scholarships that provides financial assistance to students of all ages for a maximum period of three entire years. Fellows are selected from countries in Asia, Africa, the Middle East, Latin America, and Russia, where the Ford Foundation maintains active overseas programs. The fellows are chosen based on their leadership skills and committment and also based on their academic performance. Students with a focus interest on democratic values, poverty reduction, combating injustice and promoting international development are especially encouraged to apply. The Ford Foundation Scholarship covers up to $25,000 maximum per academic year.
The Santander Human Rights Scholarship offers Grants worth of £10,000 which takes care of tuition fees and other costs related to the MSt in International Human Rights Law at Oxford University. Preference is given to candidates who are ordinarily resident in one of the countries within the Santander Network, which means Argentina, Brazil, Belgium, Chile, China, Colombia, Germany, Ghana, Korea, Mexico, Poland, Portugal, Puerto Rico, Russia, Singapore, Spain, Uruguay, UAE, UK and the USA. Students are awarded based on their academic excellency, must show exceptional academic merit and proof commitment to the furtherance of human rights.
The Scholarship Programme of the Friedrich-Ebert-Stiftung provides international students studying in Germany with scholarships of 4-7 months. Up to 40 students from Africa, Asia, Latin America and Eastern Europe may qualify for the scholarship programme every year. Foreign scholarship holders may receive 650 € to 1000 € per month depending on their current academic level. Health care costs will be covered as well. Students who plan to work during their students may not earn more than 400 € per month or the additional income will be credited against the scholarship. For choosing the right candidates FES does not only take your grade into consideration but also social and political involvement. Students are expected to be living in Germany before they apply and have to provide proof of an adequate command of the German language by submitting a language proficiency certificate ( C 1, TestDAF).
The Central European University CEU provides opportunities for four different types of scholarships for its Master program in Human Rights. The scholarship may include the tuition fees, a stipend, housing and even health insurance. Students are required to proof proficiency in English. Students will be awarded based on their proven record of leadership in extra curricular activies, civic engagement and community service. Depending on the type of scholarship the full cost of tuition and medical insurance will be covered and scholarship holders are awarded a monthly stipend of 96,000 HUF.
The Brunsfied Oxford ASEAN Scholarship is specifically designed for three students from ASEAN countries to study the MSt in International Human Rights Law at Oxford University. Included in the ASEAN scholarship are tuition fees and college fees and the accomodation during two summer residences. On top of that scholarship holders will receive a generous maintenance stipend of approximately £3200 per year.