Financial assistance for studying abroad differs according to the country where you are planning to study. In the United States, universities commonly offer assistantships, fellowships, and scholarships tailored to particular courses. However, for study programs outside the US, students often need to seek financial support from external sources. Typically, financial aid can be categorised into three main types: assistantships, scholarships, and loans. 

Assistantships are awarded based on academic merit, providing students with opportunities to work and support their studies simultaneously. In terms of eligibility, students are typically required to demonstrate strong academic performance to qualify for assistantships. These opportunities are available at various academic levels, from undergraduate to doctoral studies. 

While assistantships may be more challenging to obtain at the undergraduate level, they are often a primary means of financing master’s degree programs. On the other hand, scholarships are also available, typically awarded based on academic achievement, special talents, or specific criteria set by scholarship providers. Lastly, loans are another option for financing study abroad endeavours, although they come with the responsibility of repayment after completion of the program.

Applicable Courses:

• Undergraduate Level (UG): Securing assistantships or sponsorship at the undergraduate level is comparatively challenging, only a few institutes are offering financial assistance on a personal level. 
• Master’s Level (MS): Sponsorship often serves as the primary means of financing MS studies. While financial aid for MBA programs is less common due to the expectation of higher future earnings, some business schools may offer merit-based scholarships for MBA students.
• PhD Level: Doctoral students typically receive stipends to cover living expenses, and there are usually no tuition fees for PhD programs.