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Apr 10, 2024 05:01 PM IST
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UniCreds’ Fly High Scholarship Program offering up to ₹50 lakhs scholarships for Indian students aiming for higher education in the UK, USA, Australia, Canada
UniCreds, a global student loan marketplace, has introduced the Fly High Scholarship Program with the goal of empowering Indian students who are pursuing higher education across universities in the United Kingdom, the United States, Canada, and Australia for the academic year 2024-25.
₹50 lakh Fly High Scholarship(Getty Images/iStockphoto)” title=“Study Abroad: All about UniCreds’ ₹50 lakh Fly High Scholarship(Getty Images/iStockphoto)”> 
₹50 lakh Fly High Scholarship(Getty Images/iStockphoto)” title=“Study Abroad: All about UniCreds’ ₹50 lakh Fly High Scholarship(Getty Images/iStockphoto)”> Study Abroad: All about UniCreds’ ₹50 lakh Fly High Scholarship(Getty Images/iStockphoto)
The field of education loans has seen a significant three-fold increase in student applications for financial aid post-pandemic, with UniCreds experiencing a 4.2x surge.
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A notable trend is the substantial rise in the number of Indian women pursuing higher education abroad, especially in STEM fields. UniCreds has noted a significant increase in female applicants for studying abroad, with women now constituting 45% of applicants, compared to 25% before the pandemic. Moreover, there has been a 16% growth in student applicants from Tier 2⁄3 cities compared to the previous year, including locations like Indore, Bhopal, Lucknow, Chandigarh, and Kanpur.
In a special interview, Amit Singh, the Founder of Adventum Student Living (ASL), the parent company of UniScholars, UniCreds & UniAcco, provides detailed insights into the Fly High Scholarship.
What is the UniCreds Scholarship and who is it designed for?
The Fly High Scholarship program by UniCreds is a flagship initiative that aims to provide substantial financial assistance totaling ₹50 lakhs, distributed across three categories:
• ₹15 lakhs is specifically allocated to empower and encourage more women to pursue careers in STEM (Science, Technology, Engineering & Mathematics) fields.
• ₹20 lakhs is dedicated to supporting individuals looking to pursue a Master’s degree, provided they have outstanding academic and extracurricular achievements, along with satisfactory IELTS or TOEFL scores. This category aims to recognize academic excellence and nurture personal and intellectual development in well-rounded individuals.
• ₹15 lakhs is set aside for students under 35 years of age from underprivileged backgrounds.
What expenses does the scholarship cover?
Recipients of the Fly High Scholarship will have the flexibility to use the awarded funds for various study-related costs, including tuition fees, books, and other educational materials, as well as living and travel expenses during their academic endeavors abroad.
How many scholarships will be awarded?
The Fly High Scholarship will be conferred upon 30 deserving students, with the top 10 winners selected in each category. Each recipient will receive an equal portion of the scholarship funds allocated within their respective category.
What are the primary eligibility criteria?
The scholarship is open to students intending to pursue any program in the UK, USA, Australia, and Canada for the academic year 2024-25. To qualify, applicants must be UniCreds users and demonstrate exceptional academic achievements. The specific eligibility criteria for each category are as follows:
1. Women in STEM Category:
- Exclusively available to female candidates applying for undergraduate or postgraduate STEM courses.
- There is no age limit for this category.
2. Masters’ Category:
- Applicants must be seeking a Master’s degree and exhibit exceptional academic and extracurricular accomplishments.
- Adequate IELTS or TOEFL scores are mandatory.
- There is no age limit for this category.
3. Need-Based Category:
- Applicants must be under 35 years of age.
- Demonstrated financial need is a prerequisite for eligibility in this category.
Is there an application fee?
There is no application fee for the Fly High Scholarship. It is entirely free for all eligible students.
Where and how can one submit an application?
Interested candidates can apply for the Fly High Scholarship through the UniCreds website by following three simple steps: Click on Apply Now, select the relevant category, gather and prepare the necessary documents, and complete the online application submission.
Applicants can apply for only one of the three available scholarship categories.
What is the selection process?
Applicants are required to submit their acceptance letter (optional), statement of purpose, recent mark sheets, and admission confirmation/fee receipt. The evaluation criteria include the originality of ideas, clarity of communication, and effectiveness in articulating objectives in the statement of purpose. Additionally, academic achievements and justification of financial needs (for the need-based category) will be taken into account.
What is the deadline for submission?
The Scholarship is open for applications until June 30, 2024. For further details, visit this link or contact [email protected] via email.
When will the scholarship winners be announced?
The announcement date is yet to be determined.
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