Top 5 Fully-funded Scholarship for Master Degrees 2023-2024

A variety of scholarships for master’s degrees are available if you plan to attend graduate school. Master’s degree scholarships may enable you to attend graduate school for nothing.

They might cover other costs, such as the cost of doing research for your thesis. Financial assistance for graduate study differs from that for undergraduate study.

Graduate students can get loans from the federal government and work-study funding. Finding a master’s degree scholarship can therefore be the most cost-effective option.

At the best colleges around the globe, there will be more than 800 fully funded scholarships for Master’s degrees students from abroad in 2024–2025.

Amongst over 800 fully financed scholarships, I’ve compiled the top scholarship for Master Degrees students in this article.

These scholarships cover tuition, housing costs, health insurance, and travel expenses in addition to an average monthly stipend of $1000.

Let’s get started

Are Scholarships for Master Degrees difficult to obtain?

Some scholarships for master degrees could have higher standards than other grants. Each master’s degree scholarship has its own unique eligibility requirements.

Obtaining a scholarship to assist with your master’s degree costs may involve:

• Merit: (e.g., intellectual prowess, athletic prowess, or creative skill)
• Financial need
• A burning desire to learn about a certain subject (such as oncology nursing, architecture, project management, etc.)
• A desire to conduct research in a certain field (such as archeology)
• Traits that can be seen in action (like leadership or public service)

What Benefits Are There to Pursuing the Scholarship for Masters Degree?

Receiving a master’s degree scholarship may have numerous advantages for graduate students. For starters, the funds might be used for research, tuition, books, and living costs.

This can give you more time to concentrate on earning your master’s degree. without needing to find a job or take out loans to pay for your education.

When you graduate, earning a master’s degree can pay off as well.

From 2016 to 2026, employment in master’s-level occupations is expected to increase by about 17%. The quickest of any educational level is that.

This may help to explain why 775,000 students graduated with a master’s degree during the academic year 2017–2018 alone.  However, a lot of students compare the costs of pursuing and earning a master’s degree.  Undoubtedly, the average price of graduate school tuition and other charges has increased. What is the price of graduate school?

These statistics have been monitored by the National Center for Education Statistics.

The following are the typical tuition and costs for earning a master’s degree:

• Private institution: $20,368
• Public institution: $8,763
• Average overall: $14,537

It is not surprising that 70.4% of graduate students received financial aid recently.

Finding a scholarship or grant may be excellent if you’re looking to go to graduate school for nothing.

Top 5 Scholarship for Master Degrees

Check out our list of Scholarship for Master Degrees

 1. Fulbright Scholarships USA

Through the Fulbright Program, international students can earn fully funded scholarships. These fellowships are only available for graduate and doctoral studies.

The Fulbright Foreign Student Program covers the full cost of school, a living stipend, full housing fees, flights, and health insurance.

• Institution: USA Universities
• Study in the USA
• Level of Study: Master’s or PhD
• Information about how to apply and the deadline can be found on the Fullbright website.

 2. Turkey Government Scholarship

The Turkey Government Scholarship is a fully funded grant for international students.

This scholarship is offered for undergraduate, master’s, and doctoral studies.

The Turkiye Burslari Scholarship covers tuition, a round-trip ticket, health insurance, and lodging.

• Institution: Turkish Universities
• Study in: Turkey
• Level of Study: Undergraduate, Masters, PhD
• Information about how to apply and the deadline can be found on the Turkiye Burslari scholarship website

3. MEXT Scholarship, Japan

For international students, the MEXT scholarship is a fully funded scholarship. For undergraduate, graduate, doctoral, and training degrees, this scholarship is offered.

Your tuition, lodging, monthly living costs, and round-trip air travel from your nation to Japan are all covered by the MEXT scholarship.

• Institution: Japanese Universities
• Study in: Japan
• Level of Study: Undergraduate / Masters / PhD
• Information about how to apply and the deadline can be found on the MEXT Scholarship website

4. Yale University Scholarships USA

The Yale University scholarship is a fully funded grant for international students. This scholarship is open to students pursuing undergraduate, graduate, or doctorate degrees.

The average need-based scholarship at Yale is more than $50,000, but it can range from a few hundred dollars to more than $70,000 every year.

• Institution: Yale University
• Study in: USA
• Level of Study: Undergraduate / Masters / PhD
• Information about how to apply and the deadline can be found on the Yale University scholarship website

 5. Unigo College Review Scholarship

This $1,000 Unigo College Review Scholarship is open to any candidate who is enrolled in college and a legal resident of one of the fifty United States or the District of Columbia.

The candidate must sign up for a free Unigo.com account and post an evaluation of his or her education online.

• Total: $1000
• Awards: 1
• Information about how to apply can be found on the Unigo College Review website
• Deadline: November 30, 2023

FAQS

How do I get a scholarship for a masters in the UK?

• You hold a bachelor’s degree.
• You’ve held an eligible job for at least two years.
• You have the necessary English language skills for the scholarship you are applying for.

What is the masters scholarship 2023?

These merit-based awards, such as the Chevening Scholarships, the Fulbright Foreign Student Program, the DAAD Scholarships, the Erasmus Mundus Scholarships, the Australia Awards, the Commonwealth Scholarships, and the Hubert Humphrey Fellowships, are intended to reward and recognize academic excellence and leadership potential.

Conclusion

Scholarships for Master degrees represent a beacon of hope and opportunity for countless individuals around the world.

The listed scholarships not only make higher education more accessible but also play a pivotal role in nurturing talent, fostering innovation, and driving societal progress.

These Scholarships empower students to pursue their dreams and unlock their full potential, regardless of their financial circumstances.

They reduce the burden of student debt, allowing graduates to enter their chosen fields with greater freedom and flexibility.

Having said that, you can explore the links to various scholarship for master degrees and get to know more about them before applying.

Good luck!