Various universities and other institutions provide MSc IT students with scholarships based on academic merit, financial need, or particular research interests. Funding support in the form of full or partial tuition waivers, research grants, and assistantships is also available from government agencies, private companies, and universities. Scholarships like DAAD from Germany, Chevening from the UK, and Fulbright from the USA are sophisticated offerings that international students greatly appreciate, while other countries have their own national scholarships for local students.
In addition to academic performance, some scholarships also consider an applicant’s leadership and community service engagements or their future career aspirations in areas like cybersecurity, data science, or AI. Many universities also have assistantships whereby students work as teaching or research assistants in exchange for tuition waivers and a monthly stipend. Scholarships from Google, Microsoft, and IBM are an example of corporate-sponsored awards meant to support innovative students in the IT field. For better chances of obtaining financial support, prospective students should visit university and government websites and private foundations for more information on eligibility criteria, deadlines, and application requirements.