UniCreds Scholarship 2024: Fly High Scholarship Program

UniCreds Scholarship 2024: Fly High Scholarship Program. All about UniCreds’ ₹50 lakh Fly High Scholarship.

UniCreds Scholarship 2024: Fly High Scholarship Program

UniCreds, a global student loan marketplace, has introduced the Fly High Scholarship Program aimed at empowering Indian students pursuing higher education across universities in the United Kingdom, the United States, Canada, and Australia for the academic year 2024-25.

The education loans industry has witnessed a notable three-fold increase in student applications for financial assistance post-pandemic, with UniCreds experiencing a 4.2x surge.

Particularly noteworthy is the significant uptick in Indian women pursuing higher education abroad, especially in STEM fields. UniCreds has observed a substantial surge in female study abroad aspirants, with women now constituting 45% of applicants, compared to 25% pre-pandemic.

Additionally, there has been a 16% increase in student applicants from Tier 2/3 towns compared to the previous year, including cities like Indore, Bhopal, Lucknow, Chandigarh, and Kanpur.

In an exclusive interview, Amit Singh, Founder of Adventum Student Living (ASL), the parent company of UniScholars, UniCreds, & UniAcco, discusses the Fly High Scholarship in detail.

About UniCreds Scholarship

What is the UniCreds Scholarship and Who is it for?

The Fly High Scholarship program by UniCreds is a flagship initiative aimed at extending substantial financial support amounting to ₹50 lakhs divided across three categories:

  1. Women in STEM Category (₹15 lakhs): This category aims to empower and encourage more women to pursue careers in STEM (Science, Technology, Engineering & Mathematics) fields.
  2. Masters’ Category (₹20 lakhs): Dedicated to supporting individuals seeking to pursue a Master’s degree, this category rewards academic excellence and personal growth in well-rounded individuals.
  3. Need-Based Category (₹15 lakhs): Specifically reserved for students under 35 years of age from underprivileged backgrounds.

Scholarship Cover

What does the scholarship cover?

Recipients of the Fly High Scholarship will benefit from the flexibility to utilize the awarded funds for various study-related expenses, including tuition fees, textbooks, educational resources, as well as living and traveling expenses during their academic pursuits abroad.

Scholarships available

How many scholarships are available?

The Fly High Scholarship will be granted to 30 deserving students, with the top 10 winners selected for each category. Each recipient will receive an equal share of the scholarship funds allocated within their respective category.

Eligibility Criteria: UniCreds Scholarship 2024

What is the basic eligibility criteria?

The scholarship is open to students intending to pursue any program in the UK, USA, Australia, and Canada for the 2024-25 academic year. Applicants must be UniCreds users and exhibit outstanding academic accomplishments. Specific eligibility criteria for each category are outlined:

  1. Women in STEM Category: Open exclusively to female candidates applying for undergraduate or postgraduate STEM courses, with no age limit.
  2. Masters’ Category: Applicants must apply for a Master’s degree and demonstrate exceptional academic and extracurricular achievements. Satisfactory IELTS or TOEFL scores are required, with no age limit.
  3. Need-Based Category: Applicants must be below 35 years of age and demonstrate financial need.

Application fee

Is there an application fee?

There is no application fee for the Fly High Scholarship. It is completely free for all eligible students.

How to Apply: UniCreds Scholarship 2024

Where and how can one apply?

Interested applicants can apply for the Fly High Scholarship through the UniCreds website by following three simple steps: Click Apply Now, select the relevant category, gather and prepare the required documents, and complete the online application submission.

Applicants can apply for only one of the three categories of available scholarships.

Selection Process: UniCreds Scholarship 2024

What’s the selection process?

Applicants must submit their acceptance letter (optional), statement of purpose, recent marksheets, and admission confirmation/fee receipt. Evaluation criteria include the originality of ideas, clarity of communication, effectiveness in conveying objectives in the statement of purpose, academic achievements, and justification of financial requirements (need-based category).

Last Date

What’s the last date of submission?

The Scholarship is open for applications until June 30, 2024. For more details, applicants can visit the UniCreds website or send an email to [email protected].

When will the names of the scholarship winners be announced?

The announcement date for the scholarship winners has not been decided yet.

FAQs: UniCreds Scholarship 2024

1. What is the UniCreds Scholarship and Who is it for?

The Fly High Scholarship program by UniCreds is a flagship initiative aimed at extending substantial financial support amounting to ₹50 lakhs divided across three categories:

2. What does the scholarship cover?

Recipients of the Fly High Scholarship will benefit from the flexibility to utilize the awarded funds for various study-related expenses, including tuition fees, textbooks, educational resources, as well as living and traveling expenses during their academic pursuits abroad.

3. How many scholarships are available?

The Fly High Scholarship will be granted to 30 deserving students, with the top 10 winners selected for each category.

Each recipient will receive an equal share of the scholarship funds allocated within their respective category.

4. What is the basic eligibility criteria?

The scholarship is open to students intending to pursue any program in the UK, USA, Australia, and Canada for the 2024-25 academic year.

Applicants must be UniCreds users and exhibit outstanding academic accomplishments. Specific eligibility criteria for each category are outlined:

5. Is there an application fee?

There is no application fee for the Fly High Scholarship. It is completely free for all eligible students.

6. Where and how can one apply?

Interested applicants can apply for the Fly High Scholarship through the UniCreds website by following three simple steps:

Click Apply Now, select the relevant category, gather and prepare the required documents, and complete the online application submission.

Applicants can apply for only one of the three categories of available scholarships.

7. What’s the selection process?

Applicants must submit their acceptance letter (optional), statement of purpose, recent marksheets, and admission confirmation/fee receipt.

Evaluation criteria include the originality of ideas, clarity of communication, effectiveness in conveying objectives in the statement of purpose, academic achievements, and justification of financial requirements (need-based category).

8. What’s the last date of submission?

The Scholarship is open for applications until June 30, 2024. For more details, applicants can visit the UniCreds website or send an email to [email protected].

9. When will the names of the scholarship winners be announced?

The announcement date for the scholarship winners has not been decided yet.