Once you finish your GRE test and receive your score, you will need to start figuring out how to finance your Masters degree. It is certainly a very expensive ordeal if you plan to study in the US or Europe. The costs not only involve education but also include living expenses, transportation, food etc. Bank loans, a popular alternative involves a very high interest rate on your EMI, once again proving to be very expensive.

So how does one go about taking care of the MS program expenses? Thankfully, there are many institutions which offer scholarships to worthy candidates based on their GRE scores, their GPA obtained during undergraduate studies, Letters of Recommendations, application portfolio etc. However, the GRE score is the most valued when institutions consider offering scholarships. There are many ways to secure such scholarships and a few of them are given below.

University Scholarships

Quite a few universities give scholarships to candidates who possess a stellar academic record and can add value to their program and university. There are various criteria for applying for scholarships to different universities ranging from something as simple as registering interest for a scholarship, to writing essays, attending interviews etc. You will have to check the scholarships which are available with the university that is if they offer full scholarships or partial scholarships.

Scholarships for Indian students in USA

1. Fulbright Foreign Student program – This program is granted to young professionals and graduates who aspire to study abroad. The Fulbright program is operational in more than 155 countries worldwide. The eligibility and selection criteria varies for each country. Some of the major advantages of this scholarship are : J-1 visa support, Round trip economy airfare, accident and sickness coverage.
2. Microsoft Scholarships (Undergrad) – Microsoft funds students who wish to pursue their masters in Computer Science, Science & Technology streams. The scholarships are awarded to students who display passion in their chosen field be it technology, leadership etc.
3. Narotam Sekhsaria Foundation – The foundation offers a scholarship programme to Indian students who possess a consistent and exemplary academic record. The PG scholarship amount ranges upto 20 lakhs and it is an interest free loan. It mainly focuses on students who want to pursue their studies in the fields of Pure sciences, Applied sciences, Law, Social Sciences and Humanities.
4. Ivy Parker Memorial Scholarship (2000$, Women only) – The Ivy Parker Memorial Scholarship is awarded to women who wish to pursue their bachelor or graduate programs, in the fields of engineering, technology and computer science.
5. The Generation Google Scholarship – This scholarship was established to assist upcoming students in the fields of computer and technology. The selected students will be granted 10,000 USD (for students studying in the US) or 5000 CAD (for students studying in Canada).

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