Quick Answer
Master’s funding works differently from PhD funding — and this is the most important thing to understand before you start searching. At PhD level, funding is usually built into admission: research universities fund admitted doctoral students through assistantships, RTP grants, or employment contracts. At master’s level, this is rarely the case.
Most master’s students pay tuition unless they win an external award, and the funding must be applied for separately. Master’s funding falls into four categories: government scholarships (Chevening, Commonwealth, Fulbright, DAAD, MEXT, Australia Awards, CSC, Türkiye Bursları), university awards (partial, competitive, department-specific), research-track funding (MRes/MPhil students may be funded on the same RTP/PhD mechanism), and private/foundation awards (AAUW, Aga Khan, Gates Cambridge).
The strongest fully funded master’s awards cover tuition, living costs, airfare, and insurance — with stipends ranging from €992/month (DAAD) to ¥143,000/month (MEXT). Most successful applicants combine several smaller funding sources rather than relying on one flagship award.
Master’s Scholarships at a Glance
| Detail | Information |
|---|---|
| Key distinction from PhD | Master’s funding is not built into admission — you apply separately |
| Main funding sources | Governments · Universities · Private foundations · Research-track RTP/assistantships |
| Fully funded flagships | Chevening · Commonwealth · Fulbright · MEXT · Australia Awards · Erasmus Mundus · CSC · Türkiye Bursları |
| Stipend range (monthly) | €992 (DAAD) · £1,452 (Commonwealth) · ¥143,000 (MEXT) · SEK 12,000 (SI) · $20,000/yr (AAUW) |
| Typical master’s cost to student (self-funded) | $20,000–$80,000+ per year depending on country and programme |
| Return-home obligations | Chevening (2 yrs) · Fulbright (2 yrs) · Australia Awards (2 yrs) · MEXT and Türkiye: none |
| Application fees | Government schemes are free to apply for. University applications vary. |
15 Programmes Compared
By Destination
Cost of a Master’s
How to Apply
Application Fees
FAQs
Master’s vs PhD Funding — The Structural Difference
Most master’s funding guides bury this insight mid-page. It belongs at the top, because it determines whether you should be searching for a scholarship at all — or applying to funded positions instead.
PhD funding is built into admission. At research universities, admitted PhD students are typically funded through one of three mechanisms: research assistantships, teaching assistantships, or RTP-style government grants (Australia) — the funding package (tuition waiver + stipend + health insurance) is part of the offer. You do not apply for a separate scholarship.
Master’s funding is not. Master’s students do not serve as paid teaching or research assistants the way funded PhD students do. Tuition is the student’s responsibility unless they receive a substantial scholarship or fellowship. This is a structural feature of how the degree is designed, not a gap you can fill by searching harder.
The one exception: research master’s (MRes, MPhil). These are structured as the funded first stage of a PhD pathway. Australia’s RTP funds research master’s on the same mechanism as PhDs (up to 2 years). Cambridge’s MRes/MPhil is funded as the first year of the PhD track. If you’re considering a research master’s, treat it as a PhD funding problem — apply to funded positions — not a scholarship search.
What this means practically: if you’re applying for a coursework master’s (MA, MSc, MEng, MBA), expect to pay tuition unless you win a competitive external scholarship. Plan to apply to several programmes and several scholarships simultaneously. If you’re applying for a research master’s, ask the department whether the position is funded before you consider external scholarships.
15 Master’s Scholarships for International Students — Compared
The most substantive master’s-level scholarships open to international students. Figures are current as of September 2026 and verified against each programme’s official page. All are fully or substantially funded unless noted.
| Programme | Country | Value | Who | Deadline (2027/28) |
|---|---|---|---|---|
| Chevening | UK | Full tuition (MBA capped £22,000) + monthly stipend + return airfare + visa costs + TB test | 160+ countries · 2,800 hours (2 yrs) work experience · return home 2 yrs | 6 Oct 2026, 11:00 UTC |
| Commonwealth Master’s | UK | Full tuition + £1,452/mo stipend (£1,781 in London) + airfare | Commonwealth citizens · development focus · return home | 20 Oct 2026, 16:00 BST |
| Fulbright Foreign Student | USA | Full tuition + stipend + insurance + airfare — varies by country | 160+ countries · country-specific eligibility · return home 2 yrs | Feb–Jun (some Oct) — country-specific |
| DAAD Study Scholarships | Germany | €992/mo stipend + €460/yr study allowance + insurance + travel allowance. Does not cover tuition — German public universities are largely tuition-free. | All nationalities · Bachelor’s within 6 yrs · above-average grades | Varies by programme (typically Jul–Nov) |
| Australia Awards | Australia | Full tuition + establishment allowance + ~AUD 34,000/yr living allowance + OSHC + airfare | Indo-Pacific + Africa/Middle East partner countries · return home 2 yrs | Closed 30 Apr 2026 for 2027 intake |
| Erasmus Mundus Joint Master’s | EU | Full tuition + €1,400/mo for up to 24 months (€33,600 max) + travel + insurance | All nationalities · multi-country · programme-specific | Oct–Jan (programme-specific) |
| MEXT Research Student | Japan | ¥143,000/mo stipend in the research-student phase (¥144,000/mo once formally enrolled) + tuition + airfare + Japanese course | Countries with diplomatic ties · embassy or university recommendation | Embassy: Apr–May · University: Nov–Feb |
| Türkiye Bursları | Türkiye | Full tuition + 6,500 TL/mo stipend + accommodation + insurance + Turkish course + return flight | All nationalities · age limit under 30 for Master’s | 10 Jan–20 Feb 2027 |
| CSC Chinese Government Scholarship | China | Full tuition + free dormitory (or CNY 700/mo subsidy) + CNY 3,000/mo stipend + medical insurance | All countries · university or embassy route | Dec 2026–Apr 2027 (varies) |
| Swedish Institute (SI) | Sweden | Full tuition + SEK 12,000/mo stipend + SEK 15,000 travel grant (SEK 10,000 for some) + insurance | Requires prior admission to a Swedish Master’s programme | Opens Feb · short window |
| Aga Khan Foundation ISP | Global | 50% grant / 50% loan (loan carries 5% annual service charge) | Selected developing countries · priority under 30 · requires prior admission | Country-specific (via AKF offices) |
| AAUW International Fellowships | USA | $20,000 (Master’s) · $25,000 (Doctoral) · $50,000 (Postdoc) | Women · non-US citizens/PRs · full-time study in the US | Announced annually (typically Aug–Sep) |
| Gates Cambridge | UK | Full University Composition Fee + maintenance (~£21,000/yr) + travel + visa/IHS | All nationalities · ~75 awards/yr · Cambridge Master’s or PhD | Oct–Dec (course-dependent) |
| Rhodes Scholarship | UK | Full Oxford course fees + £20,400/yr stipend (2025/26) for 2–3 years | Constituency-based (Global Constituency suspended Apr 2026 — named constituencies still run) | Jul–Oct (constituency-specific) |
| Oxford Weidenfeld-Hoffmann | UK | Full fees + living grant (approximately £20,780+; verify current-cycle figure) | Developing/emerging economies · return-home intent · up to ~20 awards | 8 Jan 2027 |
Notable exclusions from this table: The Swiss Government Excellence Scholarship is sometimes listed as a master’s option, but it is not — it requires applicants to already hold a Master’s degree and funds PhD, research, and postdoctoral study. The only Master’s-level track is a narrow Art Scholarship open to a limited country list. For Swiss master’s funding, look at individual university awards or the ETH Zurich Excellence Scholarship (Master’s-level).
Master’s Funding by Destination
Where you study changes which funding layer you’re actually eligible for. Here is the structural difference by destination.
| Destination | Main funding layer | What to target |
|---|---|---|
| UK | Government scholarships + university awards | Chevening, Commonwealth (both fully funded, closes Oct 2026), plus university-specific awards at Bristol, Reading, LSE, UCL |
| USA | Fulbright + department assistantships + private fellowships | Fulbright (country-specific), AAUW (women), Aga Khan; department RA/TA positions less common at master’s level than at PhD level |
| Germany | DAAD + political foundations | DAAD Study Scholarship (€992/mo, no tuition charged anyway at public universities), KAS and other political foundations |
| Australia | Australia Awards + RTP (research master’s only) | Australia Awards (country-restricted), RTP if research master’s (MRes/MPhil), university-specific awards |
| Japan | MEXT + university awards | MEXT Research Student route (embassy or university recommendation), university-specific scholarships at Japanese institutions |
| Sweden / Netherlands / Nordics | Country-specific schemes | Swedish Institute (SEK 12,000/mo, requires prior admission), university awards |
| China / Türkiye / Korea | Government schemes + university awards | CSC (China), Türkiye Bursları, Global Korea Scholarship — all fully funded, all free to apply |
Cost of a Master’s — What You’ll Actually Pay
The funding gap between a scholarship and the full cost of attendance is where most master’s applicants get caught out. Even a full-tuition award leaves living costs to cover.
| Destination | Tuition | Living costs |
|---|---|---|
| UK | £15,000–£38,000/yr (Master’s) · up to £60,000+ (MBA) | £9,000–£15,000/yr |
| USA | $30,000–$60,000/yr (varies widely by programme and institution) | $15,000–$25,000/yr |
| Germany | No tuition at public universities; €11,904 blocked account required for the visa | ~€850–€1,200/month depending on city |
| Australia | AUD 30,000–50,000/yr | AUD 20,000–30,000/yr |
| Japan | ¥800,000–1,500,000/yr (MEXT waives this) | ¥100,000–150,000/month |
Typical funding gap after a partial scholarship: £10,000–£25,000 depending on destination and award. Plan for this from the start — the funding gap is what most applicants underestimate, not the tuition itself.
How to Apply for a Master’s Scholarship
- Decide research-track or coursework-track first. If research-track (MRes, MPhil), treat it as a PhD funding question — apply to funded positions and ask about RTP or assistantship eligibility. If coursework-track, expect to fund it through external scholarships.
- Confirm government scheme eligibility. Chevening requires 2,800 hours (2 years) of work experience. Commonwealth requires Commonwealth citizenship. Fulbright is country-specific. DAAD requires a Bachelor’s completed within 6 years with above-average grades. Verify your eligibility before investing time.
- Check whether a scholarship requires prior university admission. Swedish Institute requires you to have already secured admission to a Swedish Master’s. Aga Khan Foundation requires prior admission to a postgraduate programme. This changes your application sequence.
- Apply to both the scholarship and the university in parallel. Most master’s scholarships cannot be claimed until you hold an offer of admission. Most university awards cannot be applied for separately — they are tied to the admission offer.
- Prepare documents in advance. Transcripts, CV, statement of purpose, 2–3 recommendation letters, and proof of English proficiency. For research-track applications, a research proposal is essential. See our Scholarship CV guide and essay guide.
- Plan for the funding gap. Pre-arrival costs (visa, airfare, first-month accommodation, health surcharge in the UK) are rarely covered by partial awards. Budget £2,000–£4,000 to cover the gap before the first stipend lands.
Are There Application Fees?
Government schemes are free: Chevening, Commonwealth, Fulbright, DAAD, MEXT, Australia Awards, CSC, Türkiye Bursları, Swedish Institute — none charge an application fee. If a website asks for a “scholarship application fee” to submit your application on your behalf, that is a scam. Legitimate scholarship applications are always free.
University admission applications do charge fees — these are separate from scholarship applications:
- UK postgraduate: typically £50–£100 per application, varies by university
- US master’s: typically $70–$110 per application
- Germany: often free or low-cost through uni-assist
- Australia: AUD 100 typical, with fee waivers at some universities
Fee waivers for internationals with demonstrated need exist at some universities but are not universal. Check each university individually before assuming you qualify.
Continue your master’s scholarship research:
Frequently Asked Questions
Why is master’s funding harder to get than PhD funding?
▼
Can I get a fully funded master’s with no work experience?
▼
Which master’s scholarships are fully funded?
▼
Can I get a master’s scholarship in Germany?
▼
What is the difference between research master’s and coursework master’s funding?
▼
Do I need a university offer before applying for a master’s scholarship?
▼

Christian Chinonso is the founder of LearnViaHub, with 6+ years of research experience in international education — including GPA systems, scholarships, student financing, and study-abroad guidance — for students worldwide.