Indian students form the biggest group of international students studying in Australia. 97,000 Indian students study in Australia; making up 23% of all international students studying in the country.
Why the urge to study in Australia?
Here are three key reasons:
- 7 Australian universities feature in the top 100 of the QS World University Rankings 2022 including The Australian National University (QS World University Ranking 27), The University of Melbourne (QS World University Ranking 37), and The University of Sydney (QS World University Ranking 38).
- Australian scholarship for Indian students lessens the financial burden on the students. The Australian government spends over £200,000,000 each year on Australian scholarships for international students in 2022.
- The Australian government allows international students to work up to 20 hours a week to help their studies. Furthermore, international students can work full-time at the weekends as well.
However, studying in Australia can quickly poke a hole in your pocket. Expect to pay up to AU$30,840 a year in tuition fees if you’re an undergraduate student. The number increases to AU$31,596 a year if you’re a postgraduate student. Furthermore, expect to pay up to AU$20,290 a year for food, accommodation, and other living expenses.
Australian scholarship for Indian students can help sew the hole back. You have questions now. What are the Australian scholarships for international students in 2022 I can get? What are the eligibility criteria? What are the benefits?
This article will offer all the answers. In the next seven minutes, learn all about Australian scholarships for Indian students.
However, you might need additional financial support even after you receive a scholarship. That’s when a student loan can help you.
However, go for a private or public bank or an NBFC and you’re setting yourself up for:
- An exhaustive and lengthy processing time of up to 20 days
- The need to submit collateral to the bank.
- Huge interest rates up to 15%.
That’s when you need a loan bidding platform.
That’s when you need FundRight.
More on FundRight later. Lets’ get back to discussing Australian scholarships for Indian students for now.
Note: the information is true at the time of writing. That’s July 2022.
Australian scholarship for Indian students — a complete guide
Australian Government Research Training Program Scholarships (AGRTP)
The Commonwealth Department of Education and Training offers the scholarship that covers tuition fees and health insurance for the awardee.
The scholarship is offered for up to 3 years.
Eligibility criteria
Applicants must have:
- A degree that’s equivalent to a first-class honours degree from an Australian university
- Fulfilled the admission criteria for the university they’re applying to
- Enrolled as a full-time student in a study or research program
- Proven English efficiency
- Not received any Commonwealth-funded financial aid for postgraduate studies
Benefits
- Scholarship stipend for up to three years
- Thesis allowance
- Dependent child allowance
- Travel and removal allowance for students moving to Canberra for a research program
- Paid parental, maternity, and medical leave
Australia Awards Scholarships
The Department of Foreign Affairs and Trade offers the Australia Awards scholarships — one of the Australian scholarships for Indian students — to students pursuing full-time undergraduate and postgraduate programs.
The awardees become a part of the Australia Global Alumni.
Eligibility criteria
Applicants must:
- Be the age of 18 or above on February 1st of the year when the scholarship begins
- Be a citizen of a participating country
- Have a graduation degree from one of the participating universities
- Fulfil the eligibility criteria of the university they’re applying to
- Have proven knowledge of English
- Show an endorsement letter from their university back in India
Benefits
- 100% tuition fees
- Economy-class airfare of a single return to and from Australia
- Living expenses at a rate the government determines
- Health insurance
- Pre-course English fees if necessary
ACU Destination Australia International Scholarship
The Department of Education offers the scholarship, which is one of the top Australian scholarships for Indian students, for one academic year.
However, one of the most popular Australian scholarships for international students in 2022 is renewable based on the awardee’s academic performance.
Eligibility criteria
Applicants must:
- Have enrolled on a full-time course on a regional campus. Furthermore, they must study the course for the entire duration of the scholarship
- Maintain an ongoing residence in a regional area during the entire duration of the scholarship
- Be a tertiary education provider
Benefits
The awardee will receive up to AUD 60,000 for 4-year courses to cover the tuition fees. Furthermore, the scholarship will be paid in instalments of AUD 7,500 each semester.
Endeavour Australia Cheung Kong Research Fellowships
The fellowship, which is one of the most popular among Australian scholarships for international students in 2022, offers financial support to postgraduate and postdoctoral students from Australia and Asia.
The awardee must undertake short-term research for up to 6 months to get a Master’s or PhD degree in any field of study in Australia.
Five international students receive the scholarship each year.
Eligibility criteria
Applicants must:
- Be a citizen or permanent resident of a participating country. Furthermore, they mustn’t hold dual citizenship.
- Not have applied in categories in which the applicants have already received an Endeavour fellowship or scholarship.
- Have their PhD conferred and received their final results before the commencement of the award if the applicants are postdoctoral students.
- Be nominated by their host institute.
- Submit a completed nomination form with their application.
- Show a well-defined study or research program
- Show proof of service to the community such as unpaid community service in outside capacities or unpaid service within the applicant’s field of expertise.
Benefits
- Monthly stipend of AUD 3,700 a month for up to 6 months on a pro-rata basis.
- Travel allowance of AUD 6,700
- Establishment allowance of AUD 6,000
- Health insurance cover for the entire duration of the scholarship
- Travel insurance cover to and from Australia
That was all about the Australian scholarship for Indian students. However, a scholarship might not solve all your financial woes. That’s when you need a student loan.
However, opt for public or private banks or NBFCs and you’re looking at:
- A lengthy and exhausting processing time of up to 20 days.
- The need to submit collaterals to the banks.
- A massive interest rate of up to 15%.
That’s when FundRight can help you sew back the hole in your pocket further. At FundRight, we offer:
- Over 30 lenders including public and private sector banks, NBFCs, and even international lenders bid to offer you a student loan.
- A super-short processing time of up to 48 hours. Can you think of anything better than that?
- The lowest possible interest rates that allow you to help save the most on your budget.
Want to know more? Drop us a mail at grad@gradright.com to talk to our financial and education advisors.
Frequently Asked Questions
Question 1: Is studying in Australia expensive?
Ans: Yes. You must pay up to AU$30,840 a year in tuition fees if you’re an undergraduate student. The number will increase up to AU$31,596 a year if you’re a postgraduate student.
Furthermore, you must pay up to AU$20,290 a year for food, accommodation, and other living expenses.
Question 2: Does the Australian government offer Australian scholarships for Indian students?
Ans: Yes. Some of the most popular Australian scholarships for Indian students the Australian government offer are:
- Australian Government Research Training Program Scholarships (AGRTP)
- Australia Awards Scholarships
- ACU Destination Australia International Scholarship
- Scholarships by Australian Embassy
Question 3: Can I get Australian scholarships for international students in 2022 that cover 100% of tuition fees?
Ans: Absolutely. Furthermore, some scholarships cover living costs as well. The details such as the amount of money available depend upon the particular scholarship.
Thus, we suggest you check the specific scholarship you’re applying for.
Question 4: How can I apply for Australian scholarships for Indian students?
Ans: You can apply for Australian scholarships for Indian students on the official page of the specific scholarship. Furthermore, you can find the scholarship details and application forms on www.australiaawards.gov.au as well.
Question 5: Can Australian scholarships for international students in 2022 get revoked?
Ans: Yes. If the student fails to fulfil the eligibility criteria, the scholarship can get revoked.
We suggest reading the fine print whenever you apply for Australian scholarships for international students in 2022 and maintaining the eligibility criteria for the entire duration of the scholarship.
Australian scholarship for Indian students — choose FundRight for further assistance
We have gathered all the information about Australian scholarships for Indian students to help you.
However, what if you still need financial support? A student loan is the only option left. However, if you choose a public or private bank or an NBFC, you’re looking at:
- A tiring and lengthy processing time of up to 20 days.
- The need to submit collateral to the banks.
- Massive interest rates of up to 15%.
Sounds exhausting? Opt for FundRight. At FundRight, we offer:
- More than 30 lenders including public and private sector banks, NBFCs, and even international lenders bid to offer you the best possible loan.
- A lightning-fast processing time of up to 48 hours. Know an organisation that offers a faster processing time than that?
- The lowest possible interest rate that helps you save more on your budget.
If you want to know more, write to us at grad@gradright.com to start a conversation with our financial and education advisors.
We hope the article will help you to get a better idea about Australian scholarships for international students in 2022.
