10 Most Famous Scholarship Programs in 2023 [Fully Funded]

The most famous scholarships around the world are funding thousands of students from different countries to study at top universities in the world. These are either government-sponsored or foundation-sponsored scholarships. Some of these scholarships fund undergraduate and postgraduate studies while others only fund postgraduate studies.

While these scholarships are mostly available to every race, gender and nationality. women and other underrepresented groups are strongly encouraged to apply for these scholarships. Applicants are selected based on the quality of their essays, academic excellence, leadership skills and the impact of their studies on their homeland.

List of Most Famous Scholarship Programs in 2023

1.) Fulbright Scholarships (USA)

More than 1800 students are awarded the Fulbright scholarship each year by the US Department of State to study graduate courses in the US. This scholarship covers full tuition fees, a monthly stipend, accommodation costs, travel expenses and medical insurance. Applications are encouraged from underrepresented groups, minorities and economically disadvantaged individuals. The Fulbright Scholarship operates in more than 160 countries. Non-U.S. citizens from around the world who wish to come to the U.S. for educational, cultural, or professional exchange may apply for any Fulbright scholarship that fits their purpose. US citizens who wish to study abroad or do a professional exchange can apply for the Fulbright program for US citizens.

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Some Fulbright scholarship programs include:

  • Fulbright Foreign Student Program
  • Fulbright Arctic Initiative
  • Fulbright Foreign Language Teaching Assistant Program
  • EUSIR Fulbright Program
  • Fulbright Visiting Scholar Program

Other available scholarships, exchanges and fellowships for both US citizens and non-US citizens and their application process can be found at the official webpage

2.) Chevening Scholarships (UK)

Each year, Chevening provides approximately 1000 scholarships to students to pursue their postgraduate degree in the UK. Applicants must hold an undergraduate degree at the time of application. The British Foreign and Commonwealth Office funds this scholarship scheme. The scholarship covers UK university tuition fees, a monthly living allowance, visa fees and travel expenses. Applicants must have at least two years of work experience and be from an eligible country that the scholarship is willing to grant. Candidates are usually selected based on the quality of their essays and leadership skills. Applicants must be willing to return to their home country after the scholarship ends.

The application deadline for the 2023 academic session is November 1, 2022. | You can find the list of eligible countries here.

3.) Australia Awards Scholarships (Australia)

This recognized scholarship is for postgraduate (masters) and short studies (diploma) programs at Australian universities

This scholarship covers tuition fees, a one-time allowance spent on books, accommodation and study materials, travel expenses, medical expenses and academic support. The major subjects covered by this scholarship include medical sciences, health sciences, arts, design, nursing and midwifery, engineering and many more. Applicants must be at least 18 years of age and must be prepared to meet the requirements set by their Australian university. Applications for this scholarship vary by country. Applicants must confirm their eligibility on the application portal before being instructed on how to apply for this scholarship. More information is available on the official.

4.) Eiffel Excellence Scholarship Program (France)

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This is a valid scholarship fully funded by the French Ministry of Foreign and European Affairs to attract foreign students to study postgraduate programs in leading French Universities. The scholarship covers a monthly allowance (€1,181 per month for postgraduate students and €1,700 per month for PhD students), medical insurance and travel expenses.

Major fields of study include engineering, health sciences, mathematics, law, political science, and more official webpage.

5.) Commonwealth Scholarships (UK)

This prestigious scholarship is awarded to high-achieving, low-income individuals from Commonwealth countries to study Masters or PhD programs at leading UK universities. Commonwealth and Commonwealth Scholarships are fully funded scholarships funded by the UK Government. The scholarship covers tuition fees, travel expenses and a monthly living allowance. The Commonwealth Scholarship is categorized into:

  • Commonwealth PhD Scholarships
  • Commonwealth Split-site Scholarships
  • Commonwealth Masters Scholarships
  • Commonwealth Scholarships
  • Commonwealth Distance Education Scholarships
  • Commonwealth PhD Scholarships
  • Commonwealth Professional Fellowships

During the application, applicants select courses that fall under any of the following topics:

  • Science and technology for development
  • Enhancing health and fitness systems
  • Promoting global prosperity
  • Strengthening global peace, security and governance
  • Strengthening resilience and coping with crises
  • Access, inclusion and opportunity.

6.) DAAD EPOS Scholarship (Germany)

The DAAD Development-Related Postgraduate Courses (EPOS) scholarships are fully funded by the German government for applicants from developing countries to study master’s and doctoral programs at leading universities in Germany. The scholarship covers travel expenses, medical insurance, study allowance and a monthly stipend (861 Euros for Masters students and 1200 Euros for PhD students). Applicants must have at least two years of work experience before applying for this scholarship.

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The scholarship is offered to study courses related to the following subject areas.

  • Economics/Business Administration/Political Economy
  • Development Cooperation
  • Engineering and Related Sciences
  • Regional and Urban Planning
  • Agricultural and Forestry Sciences
  • Natural and Environmental Sciences
  • Medicine/Public Health
  • Social Sciences, Education and Law
  • Media studies

The list of eligible courses for 2022-2024 and application deadlines can be found on the official webpage.

8.) Japan-World Bank Joint Scholarships

This scholarship is awarded to individuals from developing countries to study a master’s program at leading universities in Asia, North America, Europe and other continents. The scholarship covers full tuition fees, travel allowance and living expenses (amount varies by country). Applicants must be in good health, hold a bachelor’s degree, be a citizen of a developing country and have at least 3 years of work experience in a development-related field. Candidates are requested to upload the following documents:

  • official university transcript
  • degree certificate
  • Curriculum vitae
  • Development-related employment data
  • proof of citizenship
  • Copy of International Passport

The list of eligible courses can be found on their official webpage.

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9.) Erasmus Mundus Scholarships (Europe)

The Erasmus Mundus scholarships are fully funded Masters and PhD scholarships from the European Union for various academic programs. Europeans and non-Europeans from any country are eligible to apply for this scholarship. The scholarship covers living expenses (€1100-€1200 per month), tuition fees, visa fees, travel expenses and student insurance. Applicants must have a bachelor’s degree to be eligible for this scholarship. You do not need to have work experience before applying for this scholarship. Students with low CGPA are encouraged to apply. Students receiving the scholarship will study for a joint master’s degree for 1-2 academic years in two countries different from the student’s country of residence. The scholarship is awarded in more than 120 fields of study.

The application for the 2023/2024 scholarship round opens in October 2022. More information about this scholarship and the host countries where the scholars will study can be found on the official webpage.

9.) ADB Japan Scholarship Program

The Asian Development Bank-Japan Scholarship Program awards a total of 135 scholarships each year to high achievers from developing countries who have at least two years of work experience. This prestigious scholarship covers full tuition, medical insurance, monthly expenses, books and a travel allowance. Applicants must be willing to study graduate programs in the following academic fields:

  • Science and technology
  • Economics, Business and Administration
  • Development Studies
  • Law and Public Policy

To be eligible for this scholarship applicants must not be over 35 years of age and must be from a developing country. Host countries where candidates will study include Japan, New Zealand, USA, Hong Kong, China, India, Pakistan, Philippines, Singapore, Thailand. official webpage.

10.) Rotary Foundation Global Scholarships

The Rotary Foundation generously funds postgraduate and doctoral courses or research in any country where the rotary club is located. Rotary Foundation Fellowships are typically awarded for research or work in the following areas

  • Maternal and child health
  • Disease prevention and treatment
  • Economic and community development
  • Peace and conflict resolution
  • water drainage
  • Basic education and literacy

The scholarship is worth more than $30,000 per person which can be used to cover travel expenses, tuition fees, passport/visa, living allowance or language training courses. Applicants from all countries are welcome to apply for this prestigious scholarship.

Nominees are selected based on their leadership skills, academic excellence, and willingness to maintain a long-term relationship with the Rotary Club. Applications for this scholarship are accepted on a rolling basis. However, applicants must apply 3 months before their departure date. More information about the Rotary Foundation Global Study Grants can be found on their official webpage.

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