University education costs are rising globally, including in the USA, making it expensive, especially for international students. However, there are many lucrative US scholarships available for undergraduates, master’s, and doctoral students. We’ve listed 15 highly-paid scholarships in the USA, most of which are fully funded, covering tuition, living expenses, and academic costs, offering over $50,000 annually.
The cost of higher education in the United States has been a growing concern for both international and domestic students. In response to this challenge, numerous scholarships funded by various groups have emerged, offering substantial financial support to students pursuing their academic dreams in the United States. These scholarships, often exceeding $50,000 annually, have played a pivotal role in empowering students to complete their studies and achieve their educational aspirations.
Top 15 US Scholarships Offering $50,000+
1.) Fulbright Foreign Student Program ($50,000+):
The Fulbright scholarship, awarded by the US Department of State to over 4,000 students annually, supports postgraduate studies in the US. It covers tuition, a monthly stipend, accommodation, travel, and medical insurance. Over $215.4 million is allocated each year, with a focus on underrepresented groups, minorities, and economically disadvantaged applicants. Available in 160+ countries.
2.) MasterCard Foundation Scholars Program ($50,000):
This program, in collaboration with select institutions, offers fully funded scholarships to students from developing countries pursuing undergraduate or master’s degrees in the US. Recipients receive $50,000/year, including tuition, stipends, accommodation, travel, insurance, visa costs, leadership development, and counseling support.
3.) Harvard University MBA Scholarship ($102,200):
The Boustany MBA Harvard Scholarship, awarded biennially, supports a two-year Harvard Business School program. Exceptionally talented individuals with strong academic backgrounds are eligible for this life-changing opportunity.
4.) The Gates Scholarship Program ($50,000+):
The Gates Foundation annually grants fully funded scholarships to 1,000 academically talented students for four-year undergraduate degrees in accredited US universities. Worth over $100 million yearly, it covers tuition, room, board, books, transportation, and more, renewable for four years.
5.) Knight-Hennessy Scholarship at Stanford University ($50,000):
A $400 million scholarship for local and international students pursuing various graduate programs at Stanford University. It includes full tuition, living expenses, travel, mentoring, conference grants, and post-graduation financial support for non-profits or startups.
6.) Joint Japan World Bank Scholarships ($50,000+):
This scholarship aids individuals from developing countries pursuing master’s degrees at top global universities, including the USA. Valued at $20 million annually, it covers tuition, travel, and living costs, with eligibility criteria focusing on health, citizenship, bachelor’s degree, and work experience.
7.) Hubert H. Humphrey Fellowships Program ($50,000):
Young and mid-career professionals receive $50,000/year for non-degree programs in the USA, covering tuition, stipends, books, computers, travel, professional development, and accommodation.
8.) Schlumberger Foundation Faculty for the Future Fellowships ($50,000):
Women in STEM and engineering fields pursuing doctoral degrees can apply for $50,000 grants. Applicants from all nationalities must have secured full-time admission to a US university, demonstrate academic excellence, leadership, community outreach, and mentoring.
9.) US Embassy EducationUSA Opportunity Funds Program (OFP):
Fully funded program for eligible Nigerian applicants, sponsored jointly by the US Embassy and Coca-Cola Nigeria Limited, offering a chance to study in the United States.
10.) AAUW International Fellowships ($50,000+):
The American Association of University Women provides fully funded scholarships up to $50,000 to women worldwide pursuing master’s, PhD, or postdoctoral studies in the USA, covering educational expenses, living stipends, and travel costs.
11.) Google PhD Fellowship ($50,000):
Google offers fully funded PhD scholarships and research mentorship to international students in computer science and research fields, covering tuition, health insurance, travel, books, stipends, and mentorship.
12.) Yale Need-Based Scholarship (up to $70,000):
Yale University offers need-based scholarships to students admitted to various academic programs, including BSc, MSc, and PhD. These scholarships, ranging from a few dollars to over $70,000, cover monthly stipends, tuition, and medical insurance for US and international students.
13.) Harvard University Academy Scholars Programme ($75,000):
This scholarship supports PhD and postdoctoral students in International and Area Studies or social sciences, offering $75,000/year for two years to applicants with strong academic backgrounds and regional expertise.
14.) Boston Trustee Scholarship ($57,100):
Boston University awards this merit-based scholarship, worth $57,100/student, to exceptional undergraduate applicants. It covers tuition and academic fees for four years and requires a Trustee scholarship essay.
15.) Rotary Foundation Global Study Grants ($50,000+):
The Rotary Foundation funds master’s and doctoral coursework or research related to key areas. The grants, totaling $86 million annually, cover various expenses, including travel, tuition, living allowance, visa, and language training courses. Applications are accepted on a rolling basis.