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UG Scholarship

UG program or Bachelor’s is known as the first step to higher education everywhere in the world. Especially, students in India often dream about applying for UG program abroad after their 12th. However, due to the lumpsum expenses aboard, sometimes students with financial constraints fail to do so. In these cases, UG scholarships and financial aid can help these students.

Both private and government organizations in countries like the UK, USA, Canada, and more offer UG scholarships and financial aid to students to support students from weaker economic backgrounds.

Getting Started with Funding Your UG

Securing funding for your undergraduate program requires diligent budgeting and thorough exploration of financial aid opportunities. Here’s a comprehensive step-by-step guide:

Step 1:  Assess Program Costs.  Begin by researching the tuition fees and associated costs of your chosen undergraduate business program. Use online resources such as university websites and program brochures to obtain accurate cost estimates.

Step 2: Explore Financial Aid Opportunities. Contact the university’s financial aid office to inquire about need-based grants and scholarships.  Investigate merit-based scholarships offered by the institution, considering academic achievements, standardized test scores, and any relevant extracurricular activities or background.

Step 3: Investigate External Funding Sources. Research industry-specific scholarships and those provided by professional organizations. Explore opportunities offered by groups such as the Google scholarship, QS Impact scholarship, etc, which often support underrepresented groups within UG programs.

Step 4: Consider Loan Options.  For eligible students, explore federal student loan programs and private loan options.  Carefully weigh the benefits against the potential long-term financial implications, calculating the anticipated return on investment from your undergraduate business degree.  Remember that student loans are a viable funding option for many undergraduate students.

 

Let us find out what scholarships are available for Indian students studying abroad:

Types of UG Scholarships and Financial Aid for Indian and Global Students

Here’s a detailed comparative table on the different UG scholarship and financial aid options available:

Scholarship Type Eligibility Criteria Key Features Application Process
Merit-Based Scholarships High academic achievement (e.g., GPA, standardized test scores, class rank). Covers tuition, books, and other expenses; competitive. Submit academic transcripts, test scores, and personal essays through institution-specific portals.
Need-Based Scholarships Demonstrated financial need; family income thresholds vary by provider. Offers substantial financial support; often renewable if need persists. Provide income proof, tax returns, and financial statements; apply through universities or third-party organizations.
Athletic Scholarships Exceptional talent in sports; typically offered by college athletic departments. Covers tuition, accommodation, and other fees; tied to athletic participation. Undergo scouting or trials; submit a sports resume and recommendations from coaches.
Minority and Diversity Scholarships Belonging to an underrepresented group (e.g., ethnicity, gender, religion). Encourages diversity; targets minority communities or specific demographics. Complete application forms, personal statements, and proof of eligibility (e.g., heritage, cultural affiliation).
Government-Funded Scholarships Merit or need-based; criteria set by the government (e.g., Central Sector Scheme in India). Provides funding for tuition; often restricted to students in public institutions. Apply through national portals; submit academic and financial documents as per the scheme’s guidelines.
Study Abroad Scholarships Varying criteria such as academic merit, financial need, or program-specific requirements. Covers tuition, travel expenses, and living costs abroad. Apply through international education platforms or host institutions; provide essays and recommendations.
Institutional Scholarships Provided by universities based on merit, need, or extracurricular involvement. Often tailored to specific programs or demographics within the institution. Apply through the institution’s financial aid office; documentation depends on the type of scholarship.
National-Level Competitive Scholarships Performance in competitive exams (e.g., ANTHE by Aakash Institute for Indian students). Offers significant fee waivers and sometimes full coverage for selected courses. Register for exams through the organizing body’s portal; prepare and appear for the test.

 

Top UG Scholarship and Financial Aid Options for Indian Students

Scholarship Eligibility criteria Coverage/Benefits Notable features
Education Future International Scholarship ·         Any students planning to pursue UG/PG courses outside India

·         Minimum 60% score in 12th or equivalent

Ranges between INR 2-10 lakhs The applicant might have to take another education loan to cover the rest 50% of the expenses
ACFE Foundation Scholarship ·         Must be Indian

·         Students in accounting or finance

·         Higher SAT score

Provides USD 10,000 Applicants need to highlight their interests in accounting and finance
The Gates Scholarship ·         More than 1200 SAT scores

·         Low family income

·         Must be doing community work

Full tuition, fees, and living costs coverage Leadership experiences and strong LOR are needed.
#YouAreWelcomeHere scholarship First-year students in any stream or major can apply for US studies Covers around 50% of the tuition fee Applicants need to write an essay of 500-1000 words or make a video of 2-5 minutes

 

Top International UG Scholarship and Financial Aid Options

Scholarship Eligibility criteria Coverage/ Benefits Notable features
QS ImpACT Undergraduate Scholarship ·         Must start UG studies in the year following application

·         Must study at a QS-ranked institution

·         Must have an accepted offer by May (award release)

Provides USD 2,500 Applicants need to pick an SDG goal and write an essay within 500 words
Generation Google Scholarship – USA ·         For candidates applying to colleges in the USA and Canada

·         Must demonstrate financial need and strong academics

Provides USD 10,000 ·         An essay within 500 words is mandatory

·         The application deadline might end before the actual date if 1,250 eligible application requests are received

Amberscholar Scholarship ·         Open to candidates of any nationality

·         Must apply for higher studies in the UK, USA, Canada, or Ireland

Gives financial aid of USD 15,000 An SOP is required for evaluation. It could be either a PPT, or a video, or a textual SOp
Jonah Engler Scholarship- Live Scholarship For US colleges Covers USD 2,500 ·         Applicant should be financially challenged

·         The submitted essay needs to be 700-850 words longer

AAUW International Fellowships Non-US women looking to pursue UG/PG Amount ranges from USD 20,000 to USD 50,000 The English proficiency test is a must

 

UG Scholarship and Financial Aid Offered by Universities to Indian Students (Country-Based)

UK

Scholarships Qualities Amount
Edinburgh Napier University Merit-based Fee reduction of £2,000 (about USD 3,000)
University of Sheffield Merit-based scholarships in all subjects £7,000 (around USD 10,650) per year
Dr Manmohan Singh Scholarships Must apply at Cambridge University Covers all tuition and college fees, living and travel expenses for UG students
University of Westminster For full-time UG candidates who got admitted during the September intake £2,500 per year

 

US

Scholarships Qualities Amount
Yale Scholarship Financial need-based grant

For the University of Yale

Average 50,000 USD
Boston University Presidential Scholarship ·         Renewable for up to 4 years of UG

·         College-specific and merit-based

USD 25,000
Tata Scholarship ·         Only for students applying to Cornell University

·         Merit-based

Cover all tuition costs, airfare, and accommodation expenses

 

Germany

Scholarships Qualities Amount
The President’s Scholarship- Frankfurt School For BSc programs and business streams 100% reduction in tuition costs
Lancaster University Leipzig UG Scholarship There are more than one scholarships for international students, all exclusive in their own fields Ranges between 1,500-2,000 Euro
MBS BEST Scholarship Merit-based scholarship for Munich Business School 2,850 Euro

 

Canada

Scholarships Qualities Amount
University of Alberta Application-based scholarship

One-time payment

Ranges from USD 5000 to USD 120,000
University of Waterloo International Student Entrance Scholarships International students, including Indian UG applicants USD 10,000
University of British Columbia Outstanding International Student Award Admission taken to the University of British Columbia USD 10,000-25,000

 

Australia

Scholarships Qualities Amount
Melbourne Research Scholarship For the University of Melbourne 100% fee remission
Charles Darwin University Scholarships This is only for the students pursuing a Bachelor of Nursing course Covers up to 20% of the tuition costs
Monash International Merit Scholarship Full-time UG candidates can apply USD 10,000 per annum

 

Frequently Asked Questions (FAQs)

How do I submit the online application?

To submit your online application, visit the scholarship website. There, create an account, fill out the required details, and upload the necessary documents. After completing the form, review your application and click ‘Submit’ to finalize the process.

Can I register after the last date?

No, you cannot register after the application deadline has passed. To be considered for the scholarship, submit your application before the closing date.

Can I apply as a fresh if I am a renewal candidate?

No, you cannot apply as a fresh candidate if you are a renewal candidate. You must apply for the renewal process to continue receiving the scholarship.

Can I apply for the UG scholarships and financial aid more than once?

No, you cannot apply for scholarships more than once. However, it differs from scholarships and depends totally on what amount they are providing. Be sure to check if any specific restrictions apply to multiple applications.

Can I apply for a UG scholarship and financial aid before being accepted into a university?

Yes, you can apply for a scholarship before being accepted into a university. However, the scholarship may require proof of acceptance before awarding funds.

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