Top 10 Highest-Paid Scholarships for International Students 2023

Do you wish to study at a top university abroad? The Word’s Top Universities can be found in different parts of the world – USA, Australia, Canada, UK, Netherlands, Switzerland, Sweden, etc. However, some top universities offer the highest-paid scholarships for outstanding international students.

International students who seek to study abroad are always looking for the highest-paid scholarships that will take care of their studies and relieve them of the financial burden of studying in a foreign country. Moreover, searching for the scholarships itself is a very tedious process if one is not knowledgeable about the various scholarships available to explore.

Therefore, international students need to be aware of the scholarship benefits worldwide, which will enable them to prepare to make good use of such opportunities to study in a foreign land. There are different types of scholarships ranging from fully and partially funded to tuition awards and more. However, the benefits or inclusions of the scholarships depend on the type of scholarship the student receives.

Moreover, other types of scholarships include merit and need-based scholarships, which explore prospective recipients’ academic achievement and financial status. However, to win these scholarships, one must prepare adequately for such opportunities as they are always highly competitive.

Top 10 Highest-Paid Scholarships for International Students 2023

Suppose you are a bright, talented, or motivated international student. Then, the best scholarships are for your taking. Gingoutsider.com lists the top ten most prestigious, lucrative, and highly sought-after scholarships for international students.

1. Commonwealth Scholarships

Commonwealth scholarships are one of the most sought-after scholarships in the world by international students. The Scholarships scheme is aimed at students from across the Commonwealth who would not otherwise be able to afford to study in the UK. Moreover, by funding postgraduate studies in various study formats, the scheme helps support future innovators and leaders.

This historic award is the UK’s primary scholarship scheme focused on supporting British international development goals. Furthermore, it is designed to attract outstanding talent to UK universities while supporting sustainable development overseas.

However, to apply for a Commonwealth Scholarship, you must be a citizen or permanent resident of a Commonwealth country. Although, you will still be eligible if you are a refugee or a British-protected person. Moreover, it would be best if you could not afford to study in the UK without a scholarship. The eligibility criteria for each type of scholarship and fellowship vary.

Available Commonwealth Scholarships:

The Commonwealth Scholarships Commission offers the following awards:

• Commonwealth Ph.D. Scholarships (for least developed countries and fragile States)
• Split-site Scholarships (for low-and middle-income countries)
• Master’s Scholarships
• Distance Learning Scholarships
• Ph.D. Scholarships (for high-income countries)
• Medical Fellowships
• Professional Fellowships

2. Chevening Scholarship

The Chevening Scholarship is an international scholarship funded by the British Foreign and Commonwealth Office that lets foreign students with leadership qualities study at universities in the United Kingdom. The Chevening Scholarships is the flagship global scholarship program of the British Government. Every year, it provides scholarships to around 1000 outstanding students from over 130 countries who wish to pursue postgraduate study in the UK. Moreover, Chevening Scholarships are full scholarships that cover tuition fees, monthly stipends, various one-off allowances, and international travel to and from the UK.

3. Bill and Melinda Gates Scholarship

The Bill Gates and Melinda scholarship is for students ready to pursue a full-time four-year degree program at a US-accredited, not-for-profit, private, or public college or university. The scholarship is supported by Bill & Melinda Gates Foundation (BMGF). A merger of the William H. Gates Foundation and the Gates Learning Foundation is an American private foundation founded by Bill Gates and Melinda French Gates.

Based in Seattle, Washington, it was launched in 2000 and is reported as of 2020 to be the second-largest charitable foundation in the world, holding $49.8 billion in assets. However, the primary stated goals of the foundation are to enhance healthcare, reduce extreme poverty worldwide, and expand educational opportunities and access to information technology in the United States.

4. Coca-Cola Scholars Program

The Coca-Cola Scholars Program scholarship is an achievement-based scholarship awarded to graduating high school seniors. Students are recognized for their capacity to lead and serve, as well as their commitment to significantly impacting their schools and communities.

Furthermore, the scholarship program provides successful scholars access to education and lifelong leadership development opportunities by allowing them to create and inspire positive change in their communities and beyond.

5. Australia Awards Scholarship

This is one of the prestigious scholarships for international students wishing to study in Australia. The Australia Awards Scholarships are long-term awards administered by the Department of Foreign Affairs and Trade.  The scholarship program aims to contribute to the development needs of Australia’s partner countries in line with bilateral and regional agreements.

Moreover, the Australia Awards Scholarship provides opportunities for people from developing countries, particularly those in the Indo-Pacific region, to undertake full-time undergraduate or postgraduate study at participating Australian universities and Technical and Further Education (TAFE) institutions.

Furthermore, the benefits of the scholarship include total tuition fees, return air travel, establishment allowance, contribution to living expenses, overseas student health cover, etc.

6. Fulbright Scholarships

The Fulbright scholarship is one of the most-rated scholarships in the United States of America. The scholarship provides total funding for masters and Ph.D. degree programs in universities in the USA. The Fulbright Foreign Student Program also enables graduate students, young professionals, and artists from abroad to study and conduct research in the United States. Moreover, the Fulbright Foreign Student Program operates in more than 160 countries worldwide. Approximately 4,000 foreign students receive Fulbright scholarships each year.

However, the Fulbright Foreign Student Program is administered by binational Fulbright Commissions/Foundations or U.S. Embassies.

7. DAAD German Government Scholarships

The DAAD is the world’s largest funding organization for international exchanges among students and researchers. Moreover, DAAD is supported by the German government and has funded nearly 2 million students and scholars from around the world. Its activities go beyond simply awarding grants and scholarships but also supporting the internationalization of German universities, promoting German studies, and assisting developing countries in establishing influential universities.

8. Erasmus Mundus Scholarship Program

The Erasmus Mundus Scholarship is a fully-funded scholarship program supported by the European Union for international students to enroll in a master’s or Ph.D. degree in European Universities. Moreover, all expenses are covered by the scholarship.

9. Joint Japan/ World Bank Scholarship

The Joint Japan/World Bank Graduate Scholarship Program (JJWBGSP) has enabled over 6,000 mid-career professionals from 160 developing countries and Japan to study for a graduate degree in development-related fields. On an annual basis, the Government of Japan funds the JJWBGSP.

10. New Zealand Government Scholarship

The scholarships are funded through the New Zealand Aid Program and administered by the Ministry of Foreign Affairs and Trade to help build prosperity, security, and sustainable growth in partner countries. Moreover, this is one of the highest-paid scholarships for International students made available by the government of a country. However, the benefits of the New Zealand Government Scholarship Include:

• full tuition fees
• travel between New Zealand and your home country (at the beginning and end of your Scholarship and reunion travel for some students)
• an establishment allowance to help with set-up costs
• a fortnightly living allowance to cover basic living expenses
• medical and travel insurance
• private tutoring and writing coaching
• a research and thesis allowance for some postgraduate students
• and also a reintegration allowance to support you in settling back home

How to Get 2023 Highest-Paid Scholarships for International Students

We list awards for study all over the world. Here are some tips on how to get started with top scholarships:

1. Search for the Highest-Paid Scholarships for International Students

Firstly, you start your search for scholarships. You can search for awards by location, subject of study, award name, etc. Use the search box, which can be found at the top of this page, for anything related to the type of scholarship you’re looking for. OR

2. You can join other free subscribers

You can subscribe to our website via email to get notifications on every new scholarship update. So when you find an award you are interested in, you can access the information you need to apply- right at your fingertips.

Then, after you find an award you are interested in, click on it. You will then be prompted to the scholarship information page, which contains everything you need to know about the scholarship, including the contact information for the host institution.

3. Apply for the Award

Right on the information page, you can view the contact information for the host institution that offers the award, contact that organization directly, and find out how to apply. You can apply for the award directly through the host organization if eligible.

Bottom Line

In conclusion, we hope the list of the most lucrative scholarships will help you narrow your search for international scholarships as you begin the new year. Please let us know if you find this helpful article in the comment section. You can sign up for our newsletter for more valuable tips.