10 Highly Paid Scholarships for International Students(2023)


International learners hoping to study outside the country are invariably on the lookout for the highest-paid scholarships that will pay for their studies and ease them with the financial responsibility that comes with studying in a foreign nation. The hunt for scholarships itself is an extremely monotonous exercise if one is not conversant with the different scholarships obtainable to be researched.

It is hence crucial for international scholars to be conscious of the scholarship advantages around the planet which will encourage them to get prepared to make reasonable use of such opportunities to study in a foreign land.

There are various kinds of scholarships ranging from fully-funded scholarships, and partially-funded scholarships to tuition rewards. Others contain merit-and need-based scholarships which investigate the academic reputation as well as the economic level of forthcoming scholars. Nevertheless, to be qualified to triumph in lucrative scholarships, one must be ready sufficiently for such chances as they are invariably highly competitive.

See Also: 20 Scholarships in Japan for International Students

And here I’m getting to you the list of the vastly lucrative and exceptionally sought-after scholarships obtainable for international scholars.

Top 10 Highly Paid Scholarships for International Students 2023/2024

1. Commonwealth Scholarships

Commonwealth scholarships are one of the most highly sought-after scholarships across the world by international scholars. Commonwealth Scholarships are provided to the talented populace with the prospect to create an optimistic influence on the international phase. Approximately 800 pupils are permitted to embark on postgraduate degrees at UK universities.

If you are a resident of a Commonwealth country and you know you could make a difference in the world but you can’t pay to sponsor your UK studies by yourself, then you could be the perfect candidate for a Commonwealth Scholarship. There are various kinds of rewards obtainable which comprise:

  • Commonwealth Ph.D. Scholarships (for the least advanced nations and substantial States).
  • Commonwealth Split-site Scholarships (for low-and-middle- earnings countries).
  • Commonwealth Master’s Scholarships .
  • Commonwealth Ph.D. Scholarships (for high-income countries).
  • Commonwealth Medical Fellowships.
  • Commonwealth Professional Fellowships.
  • Commonwealth Distance Learning Scholarships.

2. Chevening Scholarship

Chevening Scholarship is the UK government’s scholarship that allows prospective leaders to study in the UK while entering a community of international specialists who influence the globe positively. It is one of the highest-paid scholarships for global learners. Sponsored by the Foreign, Commonwealth, and Development Office (FCDO) and associate organizations, Chevening provides two types of awards – Chevening Scholarships and Chevening Fellowships. Since 1983, over 50,000 experts have researched in the United Kingdom through Chevening.

3. Bill and Melinda Gates Scholarship

The Bill Gates and Melinda scholarship is for scholars who are willing to seek a full-time four-year degree program at a US-accredited, not-for-profit, general college or university, or private.

The scholarship is funded by the Bill and Melinda Gates Foundation, a foundation that operates to assist all people to lead healthy, productive lives. In developing countries, the foundation concentrates on making people’s health better and granting them the opportunity to put themselves out of starvation and drastic deprivation.

4. Coca-Cola Scholars Program Scholarship

This scholarship grants up to 150 scholarships of $20,000 annually to the most exceptional recipient to study in world-class universities. The Coca-Cola Students Program gives eligible students permits to education and lifelong administration advancement options by permitting them to develop and motivate optimistic differences in their societies and beyond.

5. Australia Awards Scholarship

This is one of the prestigious scholarships for international scholars hoping to study in Australia. Australia awards scholarship possibilities to people from developing countries, especially those countries situated in the Indo-Pacific region, to embark on a full-time undergraduate or postgraduate study at partaking Australian universities and Technical and Further Education (TAFE) institutions.

The advantages of the scholarship include full tuition expenses, assistance with living expenditures, establishment allowance, return air travel, overseas student health cover, etc.

6. Fulbright Scholarships

This is one of the most-rated scholarships in the USA. The scholarship offers full funding for master’s and Ph.D. degree programs in universities in the USA. There is likewise the Fulbright Foreign Student Program that allows graduate students, artists, and  young proffesionals from the oversea to conduct research and study in the United State of America. The Fulbright Foreign Student Program performs in more than 160 countries throughout the world. Around 4,000 foreign scholars are awarded Fulbright scholarships every year.

The Fullbright Foreign Student Program is administered by binational Fullbright Commissions/Foundations or U.S. Embassies.

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7. DAAD German Government Scholarships

The DAAD is the world’s biggest funding institution for international exchanges among scholars and researchers. DAAD is funded by the German government and has sponsored practically 2 million students and intellectuals from around the world. Its activities go beyond just rewarding grants and scholarships but likewise financing the internationalization of German institutes, facilitating German studies, and helping developing countries in establishing productive universities.

8. Erasmus Mundus Scholarship Program

The Erasmus Mundus Scholarship is a fully-funded scholarship program funded by the European Union for international pupils to enroll in a master’s or Ph.D. degree at European Universities. All the expenditures are covered by the scholarship.

9. Joint Japan/World Bank Scholarship.

The Joint Japan/World Bank Graduate Scholarship Program (JJWBGSP) has helped over 6,000 mid-career professionals from 160 developing countries and Japan to study for a graduate degree in development-related specializations. Every year, the Government of Japan funds the JJWBGSP.

10. New Zealand Government Scholarship

The scholarships are sponsored through the New Zealand Aid Programme and administered by the Ministry of Foreign Affairs and Trade to assist build prosperity, and sustainable growth in supporter countries, and security. This is one of the highest-paid scholarships made obtainable by the government of a country. The advantages of the New Zealand Government Scholarship Include:

  • Full tuition fee
  • travel between New Zealand and your resident country(at the inception end of your Scholarships, and reunion trip for some pupils)
  • a fortnightly living allotment to cover essential occupancy expenses
  • medical and travel insurance
  • a research and thesis allotment for some postgraduate scholars
  • a reintegration allotment to assist you to settle back home
  • an establishment allotment to assist with set-up expenses


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I do hope that the top list of the most lucrative scholarships will encourage you to narrow your hunts for transnational scholarships as you commence the new year. If you find this article applicable, kindly do well and share with family and friends.  You may Sign Up here for more useful tips. Wishing you the very best as you apply and share.

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