But again arranging funds for foreign education is a mammoth task.

The cost of higher education, living, travelling, books, lodging etc may well go beyond your budget.

In these cases scholarships can rescue your foreign education dream. A scholarship is a monetary award given to a student for further education. These scholarships are given on various criteria a usually reflecting the values and purposes of the donor or founder of the award. The financial assistantship can cover a student’s education costs either partly or fully depending on the scholarship secured. But the competition for scholarships is very high and you may have to prove your worth by different means to grab one.

Each university / college give scholarships to its student on need / merit based .There are reasonable numbers of scholarships for Post Graduate and PhD courses in United States of America for International Students. Apart from that there are many scholarships available from many organizations for Indian students planning to study abroad.

We have compiled some of the most sought after scholarships –

KC Mahindra Scholarships  
Subject: Various PG courses
Duration: 2 years
Eligibility: 1st class bachelor’s degree, Indian
Amount: Max Rs 95,000
Contact: K C Mahindra Education Trust, Cecil Court, Mahakavi Bhusan Marg, Mumbai 40001
Apply by December

The Inlaks Foundation Scholarships  
Subject: Various
Eligibility: Confirmed admission in select institutes, unmarried Indian aged 19-28.
Contact: Inlaks Scholarships, P.O.Box: 2108, Delhi-110007
Apply by August

The Rhodes Scholarships  
Subject: Various courses at Oxford
Duration: Max 3 years
Eligibility: Indian aged 19-25, 1st class honour’s degree
Amount: £5000 per annum
Contact: Secretary, Rhodes Scholarships (India), St. Stephen’s College, Delhi 110007
Apply by July

Aga Khan Foundation  
Subject: Any
Duration: 3 years
Eligibility: 1st class bachelor’s degree
Amount: Fees & maintenance
Contact: Chief Counsellor, Aga Khan Foundation, 904 Rahenja Chambers, 213 Nariman Point, Mumbai – 400021
Apply by February

Swarnajayanti Fellowships  
Duration: Max 5 years
Eligibility: PhD in science, PG in engineering or technology, MD in medicine, aged 30-40.
Amount: Rs 25,000 per month
Apply by September
Contact: Joint Advisor, Dept. of Science and Technology, Technology Bhawan, New Mehrauli Road, New Delhi 110 016

ITC Scholarships  
Subject: Management-related programmes at select colleges
Duration: Max 2 years
Eligibility: Indian, 1st class bachelor’s degree, below 27 years, confirmed admission.
Amount: Variable
Contact: Corporate PR Manager, ITC Ltd, Virginia House, 37 JN Road, Kolkata 700071
Apply by March

Jawaharlal Nehru Memorial Trust  
Subject: Various
Duration: Max 3 years
Eligibility: Indian, PhD (preferable), below 30 years
Amount: Fees, maintenance & air fares
Contact: Educational Advisor, Ministry of HRD, Dept. of Education, External Scholarships Div, Section ES4, B Wing, Shastri Bhavan, New Delhi – 110001
Apply by March

J N Tata Endowment  
Subject: Various
Duration: 1 year, but renewable
Eligibility: Graduates, below 27 years
Amount: Rs 50, 000 – Rs 2 lakh
Contact: Director, J N Tata Endowment, Mulla House, 4th Floor, 51, M G Road, Fort, Mumbai-400001
Apply by December

Rotary Scholarships  
Subject: Any
Duration: 1 year
Eligibility: 18-30 years of age; 1st class honour’s degree, work experience
Amount: $10,000 & other expenses
Contact: Governor, Rotary Club of Mumbai, Red Cross Building, Shahed Bhagat Singh Road, Mumbai-400023
Apply by July

The Paul Foundation  
Subject: Post-grad & professional studies
Amount: Rs. 15 lakh
Contact: www.thepaulfoundation.org