Are you dreaming of earning your Master’s degree without going into debt? Good news: there are dozens of fully funded scholarships for Master’s programs in 2025 that can make that dream a reality.
Whether you want to study in the United States, Canada, the United Kingdom, Europe, or pursue an online Master’s degree from a top-ranked university, this comprehensive guide will show you the best fully funded scholarships available this year.
These opportunities are designed for high-potential students—just like you—who want to study in their chosen field without worrying about tuition fees, living expenses, or academic materials. And if you’re searching from Tier 1 countries like the U.S., U.K., or Australia, you’re already in a prime position.
🌍 What Is a Fully Funded Scholarship for a Master’s Degree?
A fully funded Master’s scholarship means that your tuition, living costs, travel, and study materials are completely covered by the scholarship provider. Some even include monthly stipends, health insurance, research grants, and visa support.
These scholarships are often provided by:
- Government programs (e.g., Fulbright, Chevening)
- Top universities (e.g., Oxford, Harvard, ETH Zurich)
- Global institutions (e.g., World Bank, Erasmus+)
- Private foundations (e.g., Mastercard Foundation, Gates Foundation)
For students worldwide, these scholarships are a gateway to top-tier graduate education—without the financial stress.
🎓 Why Fully Funded Scholarships Are a Smart Move in 2025
- Avoid student debt while earning a world-class degree
- Access prestigious universities around the world
- Boost your career prospects with internationally recognized credentials
- Network with global scholars and professionals
- Trigger high-intent search volume like “free Master’s degree in the U.S.” or “no tuition Master’s program”—perfect for AdSense traffic
In a world where graduate school can cost tens of thousands of dollars, a fully funded scholarship is more than a benefit—it’s a game-changer.
📚 Top Fully Funded Scholarships for Master’s Programs in 2025
Below is a carefully curated list of the best fully funded Master’s scholarships you can apply for this year, based on academic reputation, financial support, and global reach.
1. Fulbright Foreign Student Program (USA)
Country: United States
Covers: Tuition, living expenses, airfare, health insurance
Who Can Apply: International students from 160+ countries
Fields: All disciplines
The Fulbright Program is the U.S. government’s premier international scholarship. It provides full funding for Master’s degrees at top universities across America. Applicants are selected based on leadership potential, academic excellence, and community involvement.
🎯 Keywords: “fully funded Master’s in USA”, “Fulbright scholarship 2025”, “graduate school funding USA”
2. Chevening Scholarships (UK)
Country: United Kingdom
Covers: Tuition, monthly stipend, travel, visa costs
Eligibility: Open to applicants from 160+ countries
Duration: One-year Master’s programs
Sponsored by the UK government, Chevening Scholarships fund future leaders who want to pursue a fully funded Master’s degree in the U.K. You can choose from over 12,000 eligible postgraduate courses at 150+ U.K. universities.
🌍 Perfect for students in international relations, law, health, and technology.
3. Erasmus Mundus Joint Master Degrees (Europe)
Countries: Multiple (France, Germany, Italy, Spain, etc.)
Funding Includes: Full tuition, travel costs, monthly allowance, insurance
Format: Study in 2–3 countries during one Master’s program
The Erasmus+ program is a European Union initiative that supports international students who want to pursue a multi-country Master’s degree in Europe. Programs are highly competitive and interdisciplinary.
🔥 Keywords: “study in Europe for free”, “Erasmus Master’s scholarship”, “EU graduate scholarships”
4. Gates Cambridge Scholarship (UK)
University: University of Cambridge
Eligibility: Non-UK citizens
Coverage: Full tuition, maintenance allowance, travel, visa
Field: Any Master’s program offered at Cambridge
Funded by the Bill and Melinda Gates Foundation, this prestigious scholarship supports talented students from around the world who demonstrate academic excellence and leadership potential.
🧠 Especially popular for science, engineering, and global health fields.
5. DAAD Scholarships for Master’s Programs (Germany)
Country: Germany
Covers: Tuition, living expenses (€861/month), travel, health insurance
Eligibility: Students from developing countries and select international applicants
Fields: All disciplines, with a focus on sustainable development and innovation
Germany’s DAAD (Deutscher Akademischer Austauschdienst) offers generous fully funded scholarships for international students looking to study at public German universities.
🇩🇪 Germany has no tuition fees at public universities—DAAD adds even more support.
6. Australia Awards Scholarships
Country: Australia
Coverage: Full tuition, airfare, living expenses, Overseas Student Health Cover
Eligibility: Citizens of Asia-Pacific, Africa, and Middle East countries
These government-funded scholarships enable students to pursue Master’s degrees at top universities like University of Melbourne, ANU, and University of Sydney.
💡 Great for public policy, health, agriculture, engineering, and education.
7. Knight-Hennessy Scholars Program (USA)
University: Stanford University
Coverage: Full tuition, stipend, housing, travel
Eligibility: All nationalities
Field: Any graduate program at Stanford
One of the most competitive and generous scholarships in the U.S., the Knight-Hennessy Program brings together outstanding scholars committed to creating global change.
🧑🎓 Ideal for students aiming for business, engineering, law, and sustainability programs.
8. Swedish Institute Scholarships for Global Professionals (Sweden)
Country: Sweden
Coverage: Tuition, monthly allowance (SEK 11,000), travel, insurance
Eligibility: Non-EU/EEA citizens from selected countries
Focus Areas: Innovation, sustainable development, equality
The Swedish Institute (SI) offers scholarships to talented professionals who wish to pursue fully funded Master’s degrees at top Swedish universities.
🇸🇪 High-quality education with a focus on innovation and social impact.
9. Rotary Peace Fellowships (Multiple Countries)
Location: USA, Japan, UK, Australia, Sweden
Covers: Tuition, living expenses, travel, field-study funding
Eligibility: Peacebuilders, educators, non-profit professionals
Rotary’s fellowships are designed for leaders in peace, conflict resolution, public administration, and related fields. You can study at institutions like Duke University or University of Queensland.
✌️ Strong career networking in global NGOs and international development.
10. Mastercard Foundation Scholars Program (Africa, Canada, USA)
Institutions: University of Toronto, McGill, University of Edinburgh, AUB
Coverage: Full scholarship + accommodation + academic support
Eligibility: African students from disadvantaged backgrounds
This unique program supports socially responsible young leaders in Africa to study at top institutions around the world, especially in Canada, the U.S., and the U.K.
🌍 Massive impact, with thousands of students already graduated
📑 How to Apply for a Fully Funded Master’s Scholarship in 2025
✅ Step 1: Choose Your Program and Country
Decide what field and where you want to study. Make a shortlist of 3–5 target scholarships.
✅ Step 2: Check Eligibility Requirements
These often include:
- Academic excellence (usually GPA of 3.0+/Upper Second Class)
- Language proficiency (TOEFL/IELTS)
- Leadership and volunteer experience
- Admission to a university or program
✅ Step 3: Prepare Required Documents
Common documents include:
- Academic transcripts
- Personal statement or motivation letter
- Letters of recommendation
- Proof of English language skills
- Resume or CV
✅ Step 4: Submit Applications Early
Most deadlines are between September 2024 and March 2025. Some have rolling admissions.
Fully Funded Scholarships for Master’s Programs