Education scholarships for Indian students

As an Indian student, studying in the U.S. and Canada can be a life-changing opportunity –  if you’re able to finance the cost of a degree. When your personal savings and family contribution won’t cover the entire cost of tuition, housing and other expenses, an education scholarship can be a great way to ease the financial burden of studying abroad. In this guide, we’ll walk you through the different types of scholarships and how to apply for them.

Experience financial empowerment

Get the financial information you need to take charge of your future

Key statistics

  1. Total number of Indian students in the U.S. (2023-2024):Indian students now form the largest international student group in the U.S., with a record-breaking 331,602 students in 2023-2024. This surge reflects a growing trend of Indian students seeking world-class education and better career opportunities in the U.S.Source: IIE Open Doors 2024 Report
  2. Year-over-year growth – Indian students in the U.S. (2022-2023 to 2023-2024):The number of Indian students in the U.S. increased by 23% in just one year, highlighting the strong demand for American education. This is the highest annual growth rate in over a decade, showing a clear shift in global mobility trends.Source: IIE Open Doors 2024 Report
  3. The proportion of Indian students among all international students:Indian students now make up 29.4% of the total 1.1 million international students in the U.S. This means that nearly one in three international students in the U.S. is from India, further cementing their dominance in global student mobility.Source: IIE Open Doors 2024 Report

What are education scholarships?

Scholarships are financial awards given to students to help cover tuition, fees and other education-related costs. Unlike student loans, scholarships don’t need to be repaid, which makes them an ideal way to fund your education. International postgraduate scholarships are available from universities, private organisations and government agencies. Beyond helping to pay for your postgraduate degree, many scholarships also open doors to mentorship, networking and recognition – key elements that can help you thrive academically and professionally. For Indian students, these scholarships are particularly valuable due to the significant currency exchange rate between the rupee and dollar.

Types of scholarships available to Indian students

Indian students in the U.S. and Canada have access to a wide range of education scholarships. Here are some of the most common types:

  • Merit-based scholarships: These scholarships reward students for their academic achievements, leadership skills or extracurricular involvement. If you have a strong academic record from institutions like IITs, NITs, or other prestigious Indian universities, or have excelled in leadership roles, these could be a great fit. Many universities and private organisations look for students who not only perform well in school but also contribute to their communities. Indian students with exceptional academic records often have excellent chances of securing merit-based scholarships.
  • Need-based scholarships: Designed for students who demonstrate financial need, these scholarships help make education accessible to those who might otherwise struggle to afford it. For Indian students, the significant difference in currency values (INR to USD/CAD) often makes them eligible for need-based support. Many universities and nonprofits offer need-based scholarships to ensure deserving students can pursue their studies without financial stress.
  • Subject-based scholarships: Some scholarships are awarded to students studying specific subjects. For example, if you’re working toward a degree in a field like science, technology, engineering or mathematics (STEM), there are numerous scholarships designed to support you. Indian students in STEM fields often have excellent opportunities with scholarships like the Udaan India STEM Scholarship, which provides up to US$5,000 (INR 4,16,650) for selected students. These fields drive innovation and many organisations want to encourage students to enter them. Some STEM scholarships even include internship and research opportunities to give you hands-on experience in your chosen fields.
  • Diversity and regional scholarships: Many institutions and organisations offer scholarships to students from underrepresented backgrounds or specific regions. U.S. scholarships for Indian students often include funding specifically for students from India and South Asia. These scholarships aim to make higher education more inclusive.
  • Government-funded scholarships: Both the Indian government and foreign governments offer scholarships to support young citizens who want to study abroad. Examples include the Fulbright-Nehru Fellowship, the National Overseas Scholarship for SC/ST candidates, and the Indian Council for Cultural Relations (ICCR) scholarships. Some of these scholarships come with conditions, such as a requirement for recipients to return to India after graduation to contribute to national development.
  • University-based scholarships: These scholarships are offered directly by the university a student plans to attend. They’re often based on academic merit, but some schools may also consider factors like community service, leadership and other personal qualities. Universities like Stanford and MIT have specific scholarships designated for Indian students.

How to apply for an education scholarship

Applying for scholarships may seem overwhelming, but breaking it down into manageable steps can help. Here are a few tips on how to apply for scholarships to study abroad.

  1. Do your research: Start by looking for scholarships that match your background, field of study and financial needs. University financial aid offices, online scholarship databases and international student organisations are great places to start. The USIEF (United States-India Educational Foundation) maintains offices in major Indian cities like Delhi, Mumbai, Chennai, Kolkata and Hyderabad and provides free advising services on scholarship opportunities for Indian students.
  2. Check the requirements: Every scholarship has specific eligibility criteria, such as academic performance, nationality or intended area of study. Be sure to read through these details carefully to ensure you qualify. For Indian students, additional requirements may include specific standardised test scores like GRE, GMAT or TOEFL, as well as authenticated academic transcripts from Indian institutions.
  3. Gather your documents: Most scholarships require academic transcripts, recommendation letters, a statement of purpose and sometimes proof of financial need. For Indian students, prepare for additional documentation requirements such as degree equivalency certificates, financial affidavits and passport verification. Having these documents ready ahead of time will make the process smoother.
  4. Write a compelling essay: Your essay is your chance to stand out from other applicants. Use it to highlight your achievements, goals and why you deserve the scholarship. Consider including how your education abroad will benefit India upon your return, as many scholarship committees value this commitment to giving back. Tailoring each application to the specific scholarship can improve your chances.
  5. Submit your application on time: Deadlines are strict, so make sure you submit your application well before the cutoff date. A late submission usually means you won’t be considered. Remember to account for time zone differences when submitting applications from India.
  6. Apply to multiple scholarships: Don’t pin all your hopes on one scholarship. Applying for several increases your chances of receiving financial aid. Many successful Indian students combine several smaller scholarships to fund their education. Be sure to tailor your applications to the requirements of each one.

Education scholarships and loans from MPOWER Financing

MPOWER is a mission-driven organisation committed to making education more accessible for international students through scholarships and loans. Founded in 2014 by two international students, MPOWER offers a range of education scholarships with annual and monthly deadlines.

  • Global Citizen Scholarship: This scholarship recognises the potential of students poised to take on the world’s most pressing problems in science, technology, business and public policy at an MPOWER-eligible school. Awards up to US$8,000 (INR 6,66,640) to selected students.
  • Women in STEM Scholarship: This scholarship is designed to support female students in science, technology, engineering and mathematics fields at an MPOWER-eligible school. This is particularly relevant for Indian women looking to advance in male-dominated STEM fields, with awards up to US$5,000 (INR 4,16,650).
  • MBA Scholarship: Tailored for students pursuing a Master of Business Administration, this scholarship supports future business leaders enrolled in or accepted to a full-time MBA programme at an MPOWER-eligible school. With the growing interest in MBA degrees among Indian professionals, this scholarship of up to US$5,000 (₹4,16,650 INR) can be particularly valuable.
  • Monthly Scholarship Series: Every month, MPOWER offers different scholarship opportunities based on varying themes and student backgrounds. These recurring scholarships give students multiple chances to secure funding at an MPOWER-eligible school. Each scholarship provides up to US$1,000 (INR 83,330) to help offset educational expenses.
  • Udaan India Scholarship: This scholarship is specifically for Indian citizens who are currently enrolled or accepted to a full-time STEM programme at MPOWER-eligible schools. Awards up to US$5,000 (INR 4,16,650) for selected students. This scholarship was created specifically to address the needs of the large Indian student population pursuing STEM education abroad.

Other services offered by MPOWER:

  • International student loans: MPOWER offers flexible, no-cosigner/no-collateral loans from US$2,001 (INR 1,66,743) to US$100,000 (INR 83,33,000) to help Indian students finance their education. These loans are designed specifically for students who may not have access to traditional financing, addressing a common barrier for Indian families.
  • Career support: From free resume workshops to job search assistance, MPOWER helps F-1 visa students navigate the professional world. These services can be particularly valuable for Indian students looking to gain work experience through optional practical training (OPT) in the U.S. or the post-graduation work permit program (PGWPP) in Canada.
  • Visa support: MPOWER provides free visa support services, including a visa support letter and a visa prep class from experts. This is especially helpful for Indian students, who make up one of the largest groups applying for U.S. and Canadian student visas each year.
  • International student health insurance assistance: MPOWER helps students find health insurance options that can save money while meeting their university’s requirements. Health insurance is mandatory for international students in the U.S., and finding affordable options is especially important for Indian students managing expenses in a foreign currency.

MPOWER Financing student loan

A loan based on your future earnings

FAQs


Can Indian students get full scholarships for postgraduate degrees in the U.S. and Canada?

Some universities and organisations offer fully-funded scholarships that cover tuition, living expenses and other costs. Canadian and U.S. postgraduate scholarships for Indian students are highly competitive, but they can significantly reduce the financial burden of studying abroad. The Fulbright-Nehru Fellowship, the Inlaks Shivdasani Foundation Scholarship and the J.N. Tata Endowment offer substantial funding specifically for Indian students. Additionally, many Indian students successfully secure teaching or research assistantships that provide tuition waivers and living stipends.

How can I find master’s scholarships for Indian students?

To find scholarships for a master’s abroad, start by checking university websites, online scholarship databases and government-funded programmes. The USIEF (United States-India Educational Foundation) maintains offices in major Indian cities and provides free advising services on scholarship opportunities. Education fairs held regularly in major Indian cities also provide opportunities to meet with university representatives and learn about scholarship options. In addition, check websites including internationalscholarship.com, IEFA.com and EduPass.org.

What factors do scholarship committees consider when reviewing applications from Indian students?

Most scholarship committees evaluate applications based on academic performance, leadership experience, extracurricular involvement and the quality of the personal essay. For Indian students, committees often look for strong academic records from well-regarded Indian institutions, relevant work experience, and the potential to contribute to cross-cultural understanding. Some scholarships may also prioritise financial need or community impact, and many value a commitment to returning to India to apply the knowledge gained abroad.

Can I apply for multiple scholarships at the same time?

Applying for multiple scholarships is highly recommended. Since scholarships are competitive, submitting several applications increases your chances of receiving financial aid. Many successful Indian students combine several smaller scholarships to fund their education. Keep track of different application requirements and deadlines with a spreadsheet or similar tool.

What other sources of funding are available for Indian students pursuing graduate study abroad in the U.S. or Canada?

In addition to scholarships for master’s degrees or doctoral degrees, Indian students can seek grants from organisations like the Science and Engineering Research Board (SERB), assistantships at universities, fellowships from foundations like the J.N. Tata Endowment, work-study opportunities and education loans from Indian banks like SBI and HDFC that offer government-backed interest subsidies for eligible students. Some companies in India, particularly IT giants like TCS, Infosys and Wipro, also fund their employees’ master’s degrees in exchange for a commitment to return to work after graduation.

DISCLAIMER – Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.

2025 © MPOWER Financing, Public Benefit Corporation NMLS ID #1233542

U.S. office India office
1101 Connecticut Ave. NW Suite 900, Washington, DC 20036 The Cube at Karle Town Center, 9th Floor, 100 Ft, Nada Prabhu Kempe Gowda Main Road, Next to Nagavara, Bengaluru, Karnataka 560045, India
Apply Now