HIGHER EDUCATION FINANCE
A college or university education is one of the most important purchases you (or your parents!) will ever make. This section on Scholarships serves to assist you in finding the most viable means to finance your higher education.
What is education financing?
Education financing is any type of assistance used to pay your college or university fees. There are basically four main types of financing:
Financing for Higher Education
The cost of tertiary education does not come cheap, but it is a lifetime investment for your future. Therefore whether your parents can afford your entire or partial cost of tertiary education, you are advised to go through this pathway in order to be competitive in your career advancement. If your family cannot afford the cost, you may work while studying part-time or look for some forms of scholarship, study grant, loan or other sources of financial aid to help you to pay for your education.
OVERSEAS STUDENTS:SCHOLARSHIPS AND FELLOWSHIPS
INTRODUCTION
If a student obtains a scholarship, they need to be sure that it is enough to meet all their costs. Students should be especially careful if they only have a partial scholarship or if they intend to bring their family. The local British Council office should have up-to-date guidance on the cost of living in Britain. The institution the student will be attending should provide them with details of local costs.
GOVERNMENT SCHOLARSHIP SCHEME
Commonwealth Scholarships and Fellowship Plan Scholarships under this scheme are advertised on the CSFP website for study in a number of different countries. At the time of publishing this info sheet, scholarships are available for study in: Australia, Botswana, Brunei Darussalam, Cameroon, Canada, Ghana, India, Jamaica, Malaysia, Malta, Mauritius, New Zealand, Nigeria, South Africa, Trinidad and Tobago and the United Kingdom. Each scheme has its own detailed criteria and not all schemes are available to every country. Students should check the eligibility criteria for each scheme to ensure that applications are accepted from their home country.
Within the UK there are a number of schemes offered: General Scholarships, Academic Staff Scholarships, Split-Site Doctoral Scholarships and Distance Learning scholarships as well as well as joint awards offered with a number of UK universities. In addition to these there are also Commonwealth Academic staff Fellowships and commonwealth Professional Scholarships for those mid-career. For further details see www.csfp-online.org .
British Council Fellowships
The British Council is a worldwide organisation with offices in 109 countries. The British Council representatives overseas award fellowships for postgraduate study or research. Intending students should apply to the British Council office in their own countries. For further information see: www.britishcouncil.org or the British Council’s education website: www.educationuk.org
Chevening Scholarship Scheme
Candidates may apply for study in any subject area, but preference is given to postgraduate students or those with an established career. Applications should be made to the British Embassy or High Commission in the student's own country. UK enquiries can be made to the Foreign and Commonwealth Office, Educational Affairs, Cultural Relations Department, King Charles Street, Whitehall, London SW1 2AH. Details of the scheme can be found on the British Chevening Scholarship website: www.chevening.com
Technical Co-operation Training
Scholarships to candidates from developing countries who are already established in a career, usually in the public sector and who are under the age of 45. Candidates are nominated by their own governments, and the programme is therefore not usually advertised for general application. Details are available in the UK from, Association of Commonwealth Universities, John Foster House, 36 Gordon Square, London WC1H OPF. For further info see: www.acu.ac.uk
DFID Shared Scholarship Scheme
For students of high academic calibre in developing Commonwealth countries who plan to study at an institution that is part of the scheme. Preference is given to the subjects related to economic and social development. A list of participating institutions can be obtained from the British High Commission or British Council in the student's own country. Details are available in the UK from the Association of Commonwealth Universities as above.
Overseas Research Students Awards Scheme
Offers the difference between the home and overseas rate of fees to students of outstanding merit for postgraduate research only, in any subject at a British University. Candidates should apply through the institution in Britain at which they wish to study. UK enquiries should be sent to Committee of Vice Chancellors and Principals of the Universities of the UK Woburn House, 20 Tavistock Square, London WC1H 9HQ. For further details see: www.universitiesuk.ac.uk/ors/
Dorothy Hodgkin Postgraduate Award Scheme (DHPA)
The DHPA scheme is a UK initiative to bring outstanding students from India, China, Hong Kong, South Africa, Brazil, Russia and the developing world to come and study for PhDs in top rated UK research facilities. Following the 2004 pilot, which provided funds to support 129 PhD students, it has been extended in 2005 for awards to provide funding for up to 160 new PhD students. For further details see: www.rcuk.ac.uk/hodgkin/
British Marshall Scholarships
Funds are provided through the Foreign and Commonwealth Office. There are about 40 new awards each year and they are open to United States citizens under 26 years of age who are graduates of US universities. They are available for study in any subject leading to a degree at a UK university. Selection is by regional committee in the United States. Awards are for two years in the first instance, renewable for a third year in certain circumstances. The awards cover fares, tuition fees, maintenance, books, thesis and travel allowances. UK enquiries to The Marshall Aid Commemoration Commission, John Foster house, 36 Gordon Square, London WC1H OPF. For further info see: www.marshallscholarship.org
Other scholarships
Several universities annually offer the possibility of a scholarship, bursaries and departmental awards to overseas students. Students should contact the university they intend to study at to enquire about any other bursaries.
PRIVATE SCHOLARSHIP SCHEME
Fulbright Graduate Student Awards
Scholarships are for US postgraduate students whose proposed UK study will strengthen relations between the UK and USA and which is relevant to the needs of a changing world. There are 22 standard awards open to pre-doctoral students in all fields of study. Awards are made on a competitive basis and cover maintenance, return travel and full tuition fees. There are also a number of special awards for study on specific pre-doctoral courses. In addition, grants are available for visiting lecturers and postdoctoral research scholars. Academic and professional fellowships are also available for specific projects in library service and police studies. Details are available from The Fulbright Commission, 62 Doughty Street, London WC1N 2LS. For further info see: www.fulbright.co.uk
Royal Fellowships
These enable scientists of PhD status from selected countries to undertake research in Britain. Awards are granted in the areas of the natural sciences including mathematics, engineering, medicine, the scientific research aspects of psychology, archaeology, geography and the history of science. Further details of specific eligibility requirements and geographical coverage are available from the Royal Society, 6 Carlton House Terrace, London SW1Y 5AG. For further info see: www.royalsoc.ac.uk
LIST OF FINANCIAL INSTITUTES
Most students and parents will need to turn to financial aid to pay for college. Financial aid may consist of scholarships, grants, loans, and work-study programs. We'll help you understand the financial aid process and which of these financial aid options meet your needs....more