As an international 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.
Types of scholarships available to international students
International students in the U.S. and Canada have access to a wide range of education scholarships. Here are some of the most common types:
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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 organizations 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.
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.
Education scholarships and loans from MPOWER Financing
MPOWER is a mission-driven organization 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.
Other services offered by MPOWER:
MPOWER Financing student loan
A loan based on your future earnings
FAQs
Some universities and organizations offer fully-funded scholarships that cover tuition, living expenses and other costs. Canadian and U.S. postgraduate scholarships for international students are highly competitive, but they can significantly reduce the financial burden of studying abroad.
To find scholarships for a master’s abroad, start by checking university websites, online scholarship databases and government-funded programs. In addition, check websites including internationalscholarship.com, IEFA.com and EduPass.org.
Most scholarship committees evaluate applications based on academic performance, leadership experience, extracurricular involvement and the quality of the personal essay. Some scholarships may also prioritize financial need or community impact.
Applying for multiple scholarships is highly recommended. Since scholarships are competitive, submitting several applications increases your chances of receiving financial aid.
In addition to scholarships for master’s degrees or doctoral degrees, students can seek grants, assistantships, fellowships, work-study opportunities and private loans.
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.
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