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Education, Lifestyle, and Travel

Scholarship To Study Abroad – All You Need To Know

DNBC Team DNBC Team

Mar 18, 2023

Table of Content

Studying abroad can be an incredibly rewarding experience, offering
students the opportunity to learn in a new environment, experience new
cultures, and broaden their perspectives. However, the costs associated
with studying abroad can be a major barrier for many students. That’s where
scholarships come in. Scholarships are a form of financial aid that can
help students pay for their education. There are a variety of scholarships
available to students who want to study abroad, and these scholarships can
help cover the costs of tuition, room and board, travel, and other
expenses. If you’re interested in studying abroad but are worried about the
cost, here’s what you need to know about scholarship to study abroad.

Scholarship to study abroad - All you need to know


Scholarship to study abroad – All you need to know

Types of Scholarships

There are several types of scholarships available to students who want to
study abroad. Some of the most common types of scholarships include:

  1. Merit-based scholarships – These scholarships are awarded based on
    academic achievement, extracurricular activities, and other
    accomplishments.

  2. Need-based scholarships – These scholarships are awarded based on
    financial need, and they are designed to help students who might
    not otherwise be able to afford to study abroad.

  3. Destination-specific scholarships – These scholarships are awarded
    to students who want to study in a specific country or region.

  4. Program-specific scholarships – These scholarships are awarded to
    students who want to participate in a specific study abroad
    program.

  5. Diversity scholarships – These scholarships are awarded to students
    from underrepresented groups, such as students of color or students
    with disabilities.

How to find 100% scholarships to study abroad

There are many ways to find 100% scholarships to study abroad. Here are
some strategies you can use:

  1. Search online: One of the best ways to find 100% scholarships is to
    search online. Many universities and organizations have websites
    that list the scholarships they offer, along with the eligibility
    criteria and application process. You can also use search engines
    to find scholarships based on your field of study, location, and
    other preferences.

  2. Check with your country’s government: Many countries have
    government-funded scholarships that are available to their citizens
    who want to study abroad. Check with your country’s education
    department or embassy to see if you are eligible for any of these
    scholarships.

  3. Use scholarship databases: There are many scholarship databases
    available online that can help you find 100% scholarships. Some
    popular databases include ScholarshipPortal, International
    Scholarships, and Scholarships.com.

  4. Contact universities: If you have a specific university in mind
    that you want to attend, check their website or contact the
    admissions office to see if they offer 100% scholarships for
    international students.

  5. Ask your school counselor: If you are currently enrolled in a high
    school or college, ask your school counselor if they know of any
    100% scholarships that you may be eligible for.

What you need to do to qualify for 100% scholarships to study abroad

Qualifying for a 100% scholarship to study abroad can be challenging, but
it’s not impossible. Here are some things you need to do to increase your
chances of securing a scholarship:

  1. Research the scholarship requirements: Before you apply for a
    scholarship, make sure you understand the eligibility criteria and
    requirements. Some scholarships may require a certain GPA, language
    proficiency, or extracurricular activities, so be sure to check the
    requirements carefully.

  2. Prepare your application materials: Most scholarship applications
    require you to submit transcripts, letters of recommendation, and a
    personal statement. Make sure you have these materials ready and
    that they are of high quality.

  3. Start early: Many scholarship applications have early deadlines, so
    start your application process as early as possible. This will give
    you enough time to gather all the necessary materials and revise
    your application before submitting it.

  4. Polish your language skills: If you are applying for a scholarship
    in a country where the language of instruction is not your first
    language, it’s important to have a good command of the language.
    You may need to take a language proficiency test like TOEFL or
    IELTS.

  5. Show your passion: Scholarship committees are often looking for
    candidates who are passionate about their field of study and have a
    clear vision for their future. Use your personal statement to
    demonstrate your passion and show how studying abroad will help you
    achieve your goals.

Even when you have a 100% scholarship, you still need to access and manage
your money while you are overseas. And this is where having the best credit
card for studying abroad comes into play.

Find the best credit card for studying abroad

Chase Sapphire Preferred

The Chase Sapphire Preferred credit card is a great option for those
studying abroad. It offers a sign-up bonus of 100,000 points after spending
$4,000 in the first three months of opening the account, which is
equivalent to $1,250 in travel rewards. Additionally, you’ll earn 2x points
on travel and dining purchases and 1x point on everything else.

This card also offers no foreign transaction fees, making it a great option
for international students. The annual fee is $95, but it’s waived for the
first year.

Capital One Venture Rewards

The Capital One Venture Rewards credit card is another great option for
students studying abroad. It offers a sign-up bonus of 100,000 miles after
spending $20,000 in the first 12 months of opening the account.
Additionally, you’ll earn 2x miles on every purchase you make, which can be
redeemed for travel rewards.

This card also offers no foreign transaction fees and has a $95 annual fee.
However, the annual fee is waived for the first year.

Bank of America Travel Rewards

The Bank of America Travel Rewards credit card is a great option for
students who want to earn points on their purchases without having to worry
about an annual fee. It offers a sign-up bonus of 25,000 points after
spending $1,000 in the first three months of opening the account.

Additionally, you’ll earn 1.5x points on every purchase you make, and there
are no foreign transaction fees. This card also offers a 0% APR for the
first 12 billing cycles on purchases and balance transfers, which can be
helpful for students who need to make large purchases upfront.

Discover it Miles

The Discover it Miles credit card is a great option for students who want
to earn miles on their purchases without having to worry about an annual
fee. It offers 1.5x miles on every purchase you make, and there are no
foreign transaction fees.

Additionally, Discover will match all the miles you’ve earned at the end of
your first year, which can be a significant bonus. This card also offers a
0% APR for the first 14 months on purchases and balance transfers, which
can be helpful for students who need to make large purchases upfront.

Citi Premier

The Citi Premier credit card is a great option for students who want to
earn rewards on their purchases and have access to premium benefits. It
offers a sign-up bonus of 80,000 points after spending $4.000 in the first
three months of opening the account.

Additionally, you’ll earn 3x points on travel and gas purchases, 2x points
on dining and entertainment purchases, and 1x points on everything else.
This card also offers no foreign transaction fees, making it a great option
for international students. The annual fee is $95, but it’s waived for the
first year.

Besides credit cards, using a digital online platform is an ideal choice
when studying abroad, take DNBC Financial Group’s digital online platform
as an example.

  1. International money transfers: Students studying abroad may need to
    transfer money between their home country and their host country.
    DNBC Financial Group’s digital online platform can provide a quick
    and easy way to transfer funds, with competitive exchange rates and
    low fees.

  2. Online payment: The digital online platform can provide students
    with access to their accounts from anywhere in the world. This can
    be especially useful for students who need to keep track of their
    finances while they are abroad.

About DNBC Financial Group

DNBC Financial Group is a global financial organization that offers a smart
digital payment system, a useful payment platform, and a

global online money transfer

to business and individual clients.
DNBC Financial Group’s aim is to streamline daily business operations,
automate foreign financial transactions, and ensure that customers always
fulfill payment deadlines.

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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.