Top 5 Scholarship Options For Students In Monaco: A Gateway To Higher Studies In Europe

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Looking to pursue a fully-funded academic program in Europe? Well, we have some news for you!

Applications are open for fully-funded scholarships in Monaco for UG, PG, and Ph.D. level courses at different colleges and universities. This is a perfect opportunity for anyone looking to pursue a degree course from Monaco. 

List Of Scholarships In Monaco

1. International University Of Monaco Scholarships

The International University of Monaco is the only university in the city-state of Monaco. There are multiple scholarship programs in place to study at this institute in which each recipient can get between 1000 Euros to 5000 Euros.

These are strictly merit-based scholarships and the financial needs of the students are not considered. 

2. Monaco Govt. Study Awards

Monaco Govt provides study awards to students who are pursuing a diploma at a Monaco-based institute. It will cover between 40% to 100% of the tuition fee of the diploma program. The details of the program under this scholarship scheme can be found on Monaco's Ministry of Youth, Education and Sports website.

Another (separate) scholarship is awarded to students who are living far from home or coming from a foreign country. According to the official classification, these students fall in the 'independent household' category. In order to be eligible for this scholarship, candidates must be doing a part-time job for up to 15 hours a week. 

3. Monaco Govt Scholarship Grants

This scholarship is also offered by the Ministry of Youth, Education and Sports for students who are going to a foreign country to take up a language course. The minimum age to be eligible for this scholarship is 11 years and must be enrolled in a school or higher education institution. Details of the scholarship can be found on the official website of the ministry. 

4. Papyrus Association Scholarships

This is a private scholarship that provides scholarships and support to students who are studying in Monaco. There are multiple scholarships under the Papyrus foundation in different fields, such as research, health & medicine, computer science, engineering, digital sciences, mass communication, politics & law, and management studies. 

5. Monaco Foundation Awards

Monaco foundation awards are given by Prince Albert II of Monaco to support research in environmental sciences and sustainability. Students and researchers working in this area can apply for this grant. The aim of giving this scholarship is to create awareness on climate change, especially in underdeveloped countries. A total of 20 awards in total are available under this scheme.

Do you need an English Proficiency Test To Study In Monaco? 

Yes, you will be required to qualify for the IELTS exam to be eligible for academic programs in Monaco. Along with TOEFL, DET, and CAEL scores are also accepted. Note that all the courses at Monaco-based academic institutions are taught in English. 

Why Monaco? 

Monaco is well-known all over the world for its state-of-the-art higher education system. Even though it is a small country with only 2.1 square kilometers of area, it has a population of 38,400.

Monaco has only 10 higher educational institutions, including the International University of Monaco - the only university in the country. It offers an attractive proposition for international students with top-quality professional degrees, especially in the field of business studies.

Being a city-state linked to France and Italy, Monaco is a gateway to the best of Europe! The level of racism in Monaco is also quite low.

How Are The Living Costs For International Students In Monaco? 

Monaco is mostly populated with expatriates rather than locals. Usually, people choose to migrate to Monaco because of the higher number of job openings there. Due to this factor, the cost of living in Monaco can be high. Approximately, it comes down to 6000 Euros per month. 

Is it Possible To Work While Studying In Monaco? 

Yes, Monaco has a policy under which students can take up part-time jobs while studying in Monaco. With part-time jobs, students can cover their living expenses which are quite high in any case.

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