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How to get scholarship to study abroad in 2023 without wasting your time

DNBC Team DNBC Team

Jan 30, 2023

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Obtaining a scholarship or other sort of financial aid while studying abroad can be a huge help to foreign students. With current price increases and rising living standards, it is more vital than ever to budget and manage resources, and thus spend them wisely. Universities overseas provide an infinite number of scholarships and awards to international students; there are also numerous government and corporate institutions that assist students in studying abroad. So, stay reading because this article will tell you everything you need to know to get scholarship to study abroad in 2023!

How to get scholarship to study abroad in 2023 without wasting your time

How to get scholarship to study abroad in 2023 without wasting your time

What are the types of scholarships?

Some kinds of scholarships are:

  • Scholarships based on merit
  • Scholarships based on financial need
  • Scholarships based on region
  • Scholarships for athletes

How to get scholarship to study abroad

Organize, prioritize, and apply on time: Take notes when researching scholarships: the scholarship amount, what you need to include in the application, the deadline, and who it is for. 

After you have completed your research, you should prioritize the scholarships you have discovered. Which scholarships do you stand the best chance of receiving? Which one is the most valuable? Which of these has a deadline coming up soon?

Apply early for your preferred school

Many schools allow you to apply for scholarships while also applying to study there. They will only award scholarships to accepted students, and scholarships are limited, so apply early (more than six months before the start of your course) to improve your chances of receiving a scholarship from your school.

What is in your application?

This will differ between scholarships, so keep in mind to send everything required. A CV/resume, an essay, an academic record, financial aid documents, and letters of recommendation are the most frequently requested documents.

Essay: Your essay is critical in obtaining a scholarship. Make sure you persuade the reader of your need for this scholarship and why you want to study at a specific school or program. Be enthusiastic, personal, and engaging. You could use a personal story to make your point. However, keep in mind what the scholarship organization is looking for and whether there is a word count limit.

Letter of recommendation: Many scholarships also require a letter of recommendation. This should not be written by your mother, boyfriend, or anyone else with whom you have a personal relationship. It should be written by a professional who knows you and your abilities, such as a teacher, employer, or coach.

Make your application stand out

When applying for competitive scholarships, making your application stand out from the crowd is critical. A strong academic record and/or a motivational essay are both terrific places to start. If you have some strong references or merits, you can include them even if they are not required. If you are comfortable in front of the camera, you could even record a YouTube presentation and include the link and a QR code.

Crucial steps in applying to get scholarship to study abroad

Step 1: Look for assistance

Step 2: Do your thorough research

Step 3: Read the scholarship details carefully; do you meet the requirements?

Step 4: Contact the scholarship provider

Step 5: References

Step 6: Keep an eye out for the deadline

Step 7: Send off your application

After winning a scholarship, what do you do next?

When you win a scholarship exam, you must finish all acceptance requirements. Aside from submitting all of your information and officially accepting the scholarship, you may be required to fulfill a few more conditions. Besides that, you must contact the university office because it must be changed with your tuition expenses. These procedures usually differ from college to college, as well as depending on the scholarship earned. However, an online form is a regular necessity. If you are unsure how to proceed, contact the institution and they will assist you.

If you’re looking for a secure, convenient, and cost-effective method to transfer money to your college to deposit your tuition, you can use the international transfer service of DNBC Financial Group. With this service, you can easily send and receive money from 170 countries as well as territories around the world. Moreover, DNBC Financial Group allows you to transfer up to 200,000 EUR/day with a personal account.

About DNBC Financial Group

Founded in 2017, we are prospering as a global financial payments solution with a strong enthusiasm for simplification in financial transactions worldwide for both individuals and businesses. DNBC Financial Group continues to expand its coverage in financial centers in order to provide consistent services to global users. The company’s expanding mission is to assist clients in making payments internationally without restrictions. 

Until now, the scope of our services has included everything from European countries to global engagement.

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Note: The content in this article is for general informative purposes only. You should conduct your own research or ask for specialist advice before making any financial decisions. All information in this article is current as of the date of publication, and DNBC Financial Group reserves the right to modify, add, or remove any information. We don’t provide any express or implied representations, warranties, or guarantees regarding the accuracy, completeness, or currency of the content within this publication.