Master’s Degree Scholarships Fully Funded

Pursuing a Master’s degree fully funded is a life-changing opportunity for ambitious students around the world. In 2026, there are numerous scholarship programs that not only cover full tuition but also provide generous living allowances, travel support, health insurance, and professional development funds. These fully funded master’s scholarships are designed to help students pursue advanced academic goals without financial burden — enabling them to focus fully on research, studies, and future career growth.

Many of these scholarships offer significant value in financial terms. For example, the Erasmus Mundus Joint Master Degrees can provide up to €24,000 per year for 1–2 years, the Fulbright Foreign Student Program offers approximately $90,000+ for 2 years, and the Commonwealth Master’s Scholarships provide up to £18,000+ per year for one to two years of study. With such substantial financial backing, students can live comfortably abroad, gain international exposure, and focus fully on academic success.

These scholarship opportunities are not limited by country of origin — they are open to students from Africa, Asia, Latin America, and beyond. Whether your field is Engineering, Social Sciences, Business, Public Health, or Technology, there are fully funded scholarships available that align with your academic interests. Below, we explore top master’s degree scholarships that are fully funded in 2026, including eligibility requirements, coverage benefits, application steps, and deadlines to help you secure your next academic journey.

Scholarship Summary

1. Erasmus Mundus Joint Master Degrees

Courses Offered and Their Advantages

Erasmus Mundus offers interdisciplinary master’s degrees in fields such as International Relations, Environmental Engineering, Sustainable Business, Public Health, and Data Science. Students often study at multiple universities across Europe, enhancing their academic exposure and cultural adaptability.
Advantages:

• Joint degree from partner universities

• International academic collaboration

• Mobility across European institutions

Program Period – Erasmus Mundus Joint Master Degrees

• 1–2 years depending on the chosen program.

Scholarship Coverage and Benefits – Erasmus Mundus Joint Master Degrees

• Up to €24,000 per year (tuition, living expenses, travel support).

• Full academic mobility costs covered.

• Health insurance allowances.

Eligibility Criteria – Erasmus Mundus Joint Master Degrees

• Bachelor’s degree or equivalent.

• Academic transcripts and letters of recommendation.

• Motivation statement.

How to Apply – Erasmus Mundus Joint Master Degrees

• Apply directly on the Erasmus Mundus program portal.

• Submit all required documents including transcripts and motivation letters.

Website for Apply – Erasmus Mundus Joint Master Degrees

👉 Official Website: https://erasmus-plus.ec.europa.eu

2. Fulbright Foreign Student Program

Courses Offered and Their Advantages

The Fulbright Program supports master’s studies in areas such as Public Policy, Engineering Management, Computer Science, Business Administration, Education, and Social Sciences.
Advantages:

• Highly respected global scholarship

• Strong research and academic support

• Access to U.S. academic networks

Program Period – Fulbright Foreign Student Program

• Up to 2 years for master’s study in the USA.

Scholarship Coverage and Benefits – Fulbright Foreign Student Program

• Full tuition and funding up to $90,000+ (varies by university).

• Monthly living stipend.

• Travel allowance and health insurance.

Eligibility Criteria – Fulbright Foreign Student Program

• International applicants with bachelor’s degree.

• Academic excellence and leadership potential.

• English proficiency (TOEFL/IELTS alternative pathways may apply).

How to Apply – Fulbright Foreign Student Program

• Apply through your country’s Fulbright Commission.

• Submit academic records, recommendations, and personal statement.

Website for Apply – Fulbright Foreign Student Program

👉 Official Website: https://foreign.fulbrightonline.org

3. Commonwealth Master’s Scholarships

Courses Offered and Their Advantages

This scholarship supports master’s degree programs in Science, Technology, Public Health, Development Studies, and Economics at UK universities.
Advantages:

• Focus on global development leadership

• Access to world-class UK academic resources

• Networking with Commonwealth scholars

Program Period – Commonwealth Master’s Scholarships

• 1–2 years of master’s study in the UK.

Scholarship Coverage and Benefits – Commonwealth Master’s Scholarships

• Tuition fee coverage.

• Monthly stipend and living costs.

• Travel to/from UK and health insurance.

Eligibility Criteria – Commonwealth Master’s Scholarships

• Citizens of Commonwealth countries.

• Bachelor’s degree with strong academic record.

• Commitment to development in home country.

How to Apply – Commonwealth Master’s Scholarships

• Apply online through the Commonwealth Scholarship portal.

• Provide academic transcripts, passport, and reference letters.

Website for Apply – Commonwealth Master’s Scholarships

👉 Official Website: https://cscuk.fcdo.gov.uk

4. Chevening Scholarships

Courses Offered and Their Advantages

Chevening supports one-year master’s programs in areas such as Law, Public Policy, Economics, Technology & Innovation, Environmental Policy, and Global Strategy.
Advantages:

• Paid leadership and networking programs

• Access to UK institutions and alumni

• Opportunities in international development sectors

Program Period – Chevening Scholarships

• 1 year full-time master’s study in the UK.

Scholarship Coverage and Benefits – Chevening Scholarships

• Full tuition coverage (value up to £20,000+ per year).

• Monthly living allowance.

• Travel and visa costs, plus professional events.

Eligibility Criteria – Chevening Scholarships

• Citizen of an eligible country.

• Bachelor’s degree and 2+ years of work experience.

• Demonstrated leadership skills.

How to Apply – Chevening Scholarships

• Apply through the Chevening online portal.

• Submit essays, transcripts, references.

Website for Apply – Chevening Scholarships

👉 Official Website: https://www.chevening.org

5. DAAD Scholarships for Master’s

Courses Offered and Their Advantages

The German Academic Exchange Service (DAAD) funds master’s degrees in Engineering, Environmental Science, Economics, Social Sciences, and Natural Sciences.
Advantages:

• Strong research and academic support

• Monthly stipends and health insurance

• German language courses available

Program Period – DAAD Scholarships for Master’s

• 1–2 years depending on the program.

Scholarship Coverage and Benefits – DAAD Scholarships for Master’s

• Monthly stipend up to €1,200–€1,300.

• Travel allowance and insurance.

• Research materials and study support.

Eligibility Criteria – DAAD Scholarships for Master’s

• Completed bachelor’s degree.

• Admission to a German university.

• Academic excellence and motivation.

How to Apply – DAAD Scholarships for Master’s

• Apply through the DAAD scholarship portal or partner university application.

Website for Apply – DAAD Scholarships for Master’s

👉 Official Website: https://www.daad.de

Final Thoughts

In 2026, master’s degree scholarships fully funded continue to open doors for students around the world — removing financial barriers and empowering learners to pursue advanced studies in top universities. Whether you aspire to study in Europe, the USA, or the UK, there are remarkable opportunities waiting for you.