Scholarships for Master's Programs in the U.S and Canada

Scholarships can greatly reduce costs for international students pursuing master’s degrees in the U.S. or Canada. These financial awards help offset tuition and living expenses. Let’s explore different types of scholarships, where to find them and strategies for successful applications.

Step 1: Identify the right scholarships for master's programs

Finding the right scholarships means looking beyond general opportunities and focusing on those that best match your unique background, academic interests and career goals.

University scholarships: Many universities offer scholarships specifically for international master’s students. Start by checking the financial aid sections on your prospective universities’ websites, as they often list merit-based scholarships or scholarships based on need or field of study.
Government-funded scholarships: Some governments provide scholarships to students from particular countries or regions as part of international exchange or development programs. Scholarships like the Fulbright Program are excellent options for international students pursuing graduate degrees in the U.S.
Field-specific scholarships: Scholarships dedicated to specific disciplines, such as STEM, business or the arts, are often funded by industry organizations or professional associations aiming to support emerging talent in their fields.
Diversity and inclusion scholarships: Certain scholarships aim to foster diversity within academic and professional fields. These scholarships often support students from underrepresented backgrounds or those committed to fostering positive change in their communities.

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Step 2: Build a winning master’s scholarship application

Once you’ve identified the scholarships you want to pursue, the next step is to create a strong application that sets you apart from other applicants. Here’s how to maximize your application impact and get the master’s degree funding you need:

Craft a compelling personal statement: Your personal statement is an opportunity to share your story and demonstrate your motivation for pursuing a master’s degree. Clearly outline your academic journey, career goals, and the ways in which this scholarship will contribute to your success. Be specific about how your background and goals align with the values or mission of each scholarship.
Gather strong letters of recommendation: Seek out mentors, professors or employers who know your work well and can attest to your achievements and potential. When possible, choose recommenders who are familiar with the field or goals associated with the scholarship.
Highlight your strengths and accomplishments: Showcase your academic achievements, leadership experience and extracurricular involvement. If the scholarship is field-specific, mention any relevant projects, research or internships. For diversity scholarships, include examples of your commitment to social impact or community involvement.

Step 3: Tailor each application to the scholarship

Generic applications rarely stand out. Tailoring your application to the specific criteria and values of each scholarship will help you make a stronger impression on the selection committee.

Align with scholarship goals: Review the scholarship’s mission statement and focus areas. Reflect these values in your application by highlighting experiences or goals that align with the scholarship’s objectives.
Customize your personal statement: While certain elements of your personal statement may stay consistent, adjust the tone, focus or specific examples to better resonate with each scholarship’s purpose.
Use relevant achievements: Select accomplishments or experiences most relevant to each scholarship. For example, if you’re applying for a STEM scholarship, emphasize your research, projects or technical skills.

Step 4: Submit a complete and polished application

Attention to detail is very important for a scholarship application. A well-organized, error-free application reflects your commitment and professionalism. Before submitting, go through this final checklist:

Proofread carefully: Check for spelling and grammar errors and ensure that your writing is clear and concise. Even minor mistakes can create a negative impression, so it’s worth double-checking every section.
Ensure document consistency: Make sure that your name, contact information, and any personal details are consistent across all documents. This small step can make a big difference in the professionalism of your application.
Follow all instructions: Adhere to specific formatting or document requirements outlined by the scholarship provider. Some scholarships may require documents in a particular order or format, so be sure to check these details.

About MPOWER Financing

At MPOWER Financing, we understand international and DACA students’ unique challenges when seeking financial assistance for education. In addition to private graduate student loans, MPOWER offers international scholarships and grants for international students aiming to support future leaders.

Scholarships for international students: Besides offering a variety of specific scholarships like those for MBA students and women in STEM, MPOWER presents unique monthly scholarship opportunities. Each month, the submission topic varies; past examples covered topics from back to school advice to embracing and overcoming challenges. Check back each month for updates.
Diverse loan offerings: MPOWER offers fixed rate student loans ranging from US$2,001 to US$100,000, ensuring a wide range of financial needs are covered. These loans come with competitive interest rates, and you can enjoy a 0.25% interest rate reduction by opting for automatic payments. Even if you have existing loans from other lenders, MPOWER’s options are still available to you.
Ease of loan access: MPOWER loans don’t require a cosigner or collateral, focusing instead on your future potential. There’s also no penalty for early repayment.
Quick online loan procedure: The entire MPOWER application process is efficient, with a quick 30-second eligibility check, rapid approval and smooth fund disbursement directly to your school.
Continuous support and assistance: MPOWER’s commitment extends beyond providing loans to also include free visa services and career guidance through its Path2Success program. Visa support services include a free visa support letter and a free visa preparation course. Career services include internship and job search guidance for OPT and H-1B visa-sponsored roles, a resume builder and a directory of F-1 eligible job roles for STEM and non-STEM degrees.

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FAQs

Can I apply for scholarships while I’m still an undergraduate student?

Yes, many scholarships are available for students transitioning from undergraduate to graduate studies. You can apply for these scholarships during your final year of undergraduate study to help fund your master’s program.

Are scholarships available for specific fields of study?

Yes, many scholarships target specific fields of study, such as STEM scholarships, business, arts and more. These scholarships often come from industry organizations, academic institutions and foundations dedicated to advancing certain disciplines.

How can I increase my chances of getting a scholarship?

Start your search early, tailor your applications to each scholarship, seek strong letters of recommendation, and write a compelling personal statement. Additionally, apply to multiple scholarships to increase your chances of receiving funding.

Can I combine multiple scholarships to fund my education?

Yes, many students combine multiple scholarships to cover the full cost of their education. Be sure to check each scholarship’s terms and conditions to ensure there are no restrictions on combining awards.

DISCLAIMER – Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.

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Scholarship for master’s program: How to find, apply and succeed