20 Highest Paid Scholarships in 2023/2024 – Apply Now!

20 highest paid scholarships

20 Highest Paid Scholarships – International students who want to study abroad are constantly searching for the highest-paid scholarships that would cover their education costs and alleviate the financial strain that comes with studying abroad. 

If one is unfamiliar with the many scholarships that can be investigated, the search for scholarships itself can be a highly time-consuming endeavor.

International students should therefore be informed of the various scholarship options available worldwide so they can get ready to take advantage of opportunities to study abroad.

There are numerous types of scholarships, including tuition grants, fully-paid scholarships, and partially financed scholarships. Other options include need- and merit-based scholarships, which consider prospective students’ financial situation as well as their academic position.

However, because these possibilities are always fiercely competitive, one must adequately prepare if one hopes to receive rich scholarships. 

Nevertheless, below are some of the highest-paid scholarships available to qualified students from numerous federal, state, and private groups and organizations depending on merit, cultural background, and program type.


20 Highest Paid Scholarships 2023/2024

The most prestigious and widely sought scholarships for international students are listed below for your perusal.

  • Coca-Cola Scholars Program Scholarship
  • Commonwealth Scholarships
  • Australia Awards Scholarship
  • Chevening Scholarship
  • Fulbright Scholarships
  • Bill and Melinda Gates Scholarship
  • Joint Japan/World Bank Scholarship
  • DAAD Germany Government Scholarships
  • Erasmus Mundus Scholarship Program
  • United Negro College Fund
  • New Zealand Government Scholarship
  • Moritz Heyman Scholarship – Oxford University
  • Davidson Fellows Scholarships
  • Miss America Scholarship
  • Islamic Development Bank Scholarship
  • Hammad Bin Khalifa University Scholarship in Qatar
  • Vice Chancellors Scholarship – BPP University
  • HSBC Scholarship – University of Birmingham
  • Armed Forces Bereavement Scholarship
  • Local Boroughs Scholarship – Brunel University


1. Coca-Cola Scholars Program Scholarship

Through three nationwide programs and $3.45 million in scholarships, Coca-Cola helps more than 1,400 students annually. The largest of these awards, the Coca-Cola Scholars Foundation, gives out large college scholarships of $20,000 to 150 exceptional high school seniors who are enrolling in colleges. 

These students must be academically accomplished and have the potential to exercise outstanding leadership in their schools and communities. The Community College Academic Team and the Leaders of Promise programs are two more honors offered by Coca-Cola. Each program chooses 200 honorees yearly for scholarships worth $1,000 to $1,500.

Apply here

2. Commonwealth Scholarships

One of the top awards in the world for overseas students is the Commonwealth scholarship. Talented individuals with the capacity to have an influence on the world stage are awarded Commonwealth Scholarships. At UK universities, almost 800 students have the chance to pursue postgraduate degrees.

You might be the perfect candidate for a Commonwealth Scholarship if you are a citizen of a Commonwealth nation and you believe you have what it takes to change the world but you are unable to afford to pay for your education in the UK on your own.

There are various award categories, such as the following:

  • Commonwealth Doctoral Fellowships (for least developed countries and fragile States).
  • Commonwealth Split-site Scholarships (for low-and middle-income countries)
  • Scholarships for Masters in the Commonwealth
  • Commonwealth Scholarships for Distance Learning.
  • Commonwealth Doctoral Fellowships (for high-income countries).
  • Commonwealth Fellowships in Medicine.
  • Commonwealth Fellowships for Professionals

3. Australia Awards Scholarship

One of the most prominent scholarships available to international students who want to study in Australia is this one. People from developing nations, especially those in the Indo-Pacific area, can apply for scholarships from Australia to study full-time in undergraduate or graduate programs at participating Australian universities and Technical and Further Education (TAFE) institutes.

Full tuition fees, round-trip airfare, an establishment allowance, a contribution toward living expenses, international student health insurance, etc. are among the privileges of the scholarship. The official website is here

4. Chevening Scholarship

The Chevening Scholarship is a program of the UK government that enables future leaders to study in the country while becoming a part of a community of professionals who have a positive impact on the globe. One of the best scholarships available to overseas students is this one.

The Foreign, Commonwealth, and Development Office (FCDO) and affiliated organizations provide funding for the two award categories offered by Chevening scholarships and Chevening fellowships. Through Chevening, more than 50,000 professionals have studied in the UK since 1983.

5. Fulbright Scholarships

One of the top scholarships in the United States of America is the Fulbright scholarship. The grant covers all costs for masters and doctoral degree programs at American universities.

 Additionally, there is the Fulbright Foreign Student Program, which enables graduate students, young professionals, and artists from other countries to study and undertake research in the US. The Fulbright Foreign Student Program operates in more than 160 countries worldwide. Approximately 4,000 international students receive Fulbright awards each year.

Binational Fulbright Commissions/Foundations or U.S. Embassies are in charge of running the Fulbright Foreign Student Program.


6. Bill and Melinda Gates Scholarship

The Bill and Melinda Gates Scholarship is intended for students who are prepared to enroll in a full-time, four-year degree program at a private, public, or not-for-profit institution in the United States. 

The Bill and Melinda Gates Foundation, which seeks to help all people lead healthy, productive lives, is funding the scholarship. The foundation concentrates on enhancing people’s health and offering them the opportunity to escape hunger and poverty in underdeveloped nations. Where to apply

7. Joint Japan/World Bank Scholarship:

With the help of the Joint Japan/World Bank Graduate Scholarship Program (JJWBGSP), more than 6,000 mid-career professionals from Japan and 160 developing nations have been able to pursue graduate degrees in subjects important to development. The JJWBGSP is funded yearly by the Government of Japan.

8. DAAD Germany Government Scholarships

The DAAD is the largest funder of international student and researcher exchanges in the world. Nearly 2 million students and scholars from all over the world have received financial aid from DAAD, which the German government subsidizes. 

Beyond just giving out grants and scholarships, it also supports German institutions’ internationalization, promotes German studies, and helps emerging nations set up successful universities.

9. Erasmus Mundus Scholarship Program:

International students can apply for the Erasmus Mundus Scholarship, a fully financed scholarship program supported by the European Union, to study for a master’s or Ph.D. at a university in Europe. The scholarship covers every expense.

10. United Negro College Fund

More than 10,000 students are sent to college each year, thanks to scholarships funded by the United Negro College Fund (UNCF). When low- to moderate-income students would not otherwise have had the chance to attend college, UNCF provides one of the greatest college scholarships and is the largest minority scholarship provider in the country, offering more than 400 different scholarships, internships, and fellowships. 

The Merck Undergraduate Science Research Scholarship Awards, which provide students in bioscience and biotechnology studies with awards ranging from $35,000 to $85,000, are one of the most distinctive UNCF scholarship programs.

11. New Zealand Government Scholarship

The Ministry of Foreign Affairs and Trade administers the scholarships, which are funded by the New Zealand Aid Programme and designed to promote stability, security, and long-term growth in cooperating nations. One of the highest-paid scholarships offered by a nation’s government is this one.

The New Zealand Government Scholarship has the following advantages:

  • travel costs between New Zealand and your native country are included (at the beginning and end of your Scholarship, and reunion travel for some students)
  • A setup payment to assist with setup expenses
  • A monthly stipend to cover essential living costs
  • private instruction, writing coaching, and health insurance
  • A reintegration payment to help you adjust to life back home, 
  • a grant for some graduate students’ research and theses.
  • Complete tuition fees

12. Moritz Heyman Scholarship – Oxford University

students from families making £16,000 or less. You must promise to engage in voluntary work, such as assisting prospective students from low-income groups with their applications to Oxford or going to schools. All students are welcome to apply, however, STEM students are given preference. Over the course of your degree, worth $22,500. Visit Here

13. Davidson Fellows Scholarships

The Davidson Fellows Scholarship program is notable for its individual high-dollar awards even if it does not meet annual contribution targets as well as some other programs on this list. 

One of the most renowned undergraduate scholarships in the world, the prize provides college students who have made outstanding contributions to the disciplines of science, technology, engineering, mathematics, literature, music, and philosophy with $50,000, $25,000, and $10,000 in scholarships. 

Additionally, students can be qualified for an additional “Outside the Box” award. The Davidson Institute has awarded 286 scholarship recipients more than $6.7 million since it was founded.

14. Miss America Scholarship

The Miss America Foundation is the largest American organization that awards major college scholarships to young women. At the municipal, state, and federal levels, millions of dollars in scholarship money are provided by the Miss America Organization, which is made up of more than 50 authorized funding organizations. 

Miss America alone gave out approximately $6 million in scholarships in 2014. In addition to the Quality of Life Accolades, the Dr. & Mrs. David B. Allman Scholarship, the Miss America Community Service Scholarship, the Miss America Scholar Award, and the Eugenia Vellner Fischer Award for the Performing Arts, the organization also gives a number of other awards. For women interested in professions in this historically male-dominated field, there is also a special STEM program scholarship available.

15. Islamic Development Bank Scholarship

The largest fully funded scholarship for undergraduate, master’s, doctoral, post-doctoral, and vocational programs is the Islamic Development Scholarship. The IsDB Scholarship does not charge an application fee.

16. Hammad Bin Khalifa University Scholarship in Qatar

A fully funded scholarship for international students pursuing a bachelor’s, master’s, or doctoral degree, the HBKU Scholarship is currently available.

17. Vice Chancellors Scholarship – BPP University

All applicants to BPP University who are the first in their family to attend college, meet the admissions requirements for the relevant program, and exhibit a strong record of academic accomplishment are eligible for the Vice Chancellor’s Scholarship.

The scholarship is full payment of the tuition.

18. HSBC Scholarship – University of Birmingham

High-achieving undergraduates who enter the University through the Access to Birmingham (A2B) program and have household incomes of not more than £16,190 are eligible for this award. One of the five scholarships will be given to the top A2B student from each of the five colleges. The entire cost of tuition is covered by this scholarship.

19. Armed Forces Bereavement Scholarship

This program’s objective is to offer the children of those who have died while serving their country a head start in life by enabling them to complete higher education or a university degree. This scholarship covers all tuition fees as well as living expenses. Click Here to learn more

20. Local Boroughs Scholarship – Brunel University

Students who met one of the “under-represented criteria” and attended a maintained school or college in one of the six London boroughs with 360 UCAS points. A three-year value of £6,000 per year.


As you start the new year, we really hope that the list of the most lucrative scholarships will assist you in focusing your search for overseas scholarships. Please do well to let us know in the comment area if you found this post to be beneficial. For more helpful advice, bookmark this page.

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