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How to gain free admission to study accounting abroad?

Written by Mukum Vabastine on October 1, 2024

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Question:

How to gain free admission to study accounting abroad?

Answer:

Gaining free admission to study accounting abroad typically involves securing a fully-funded scholarship or other financial aid options. Here’s a step-by-step guide to help you achieve this:

1. Research Fully-Funded Scholarships

Look for scholarships that cover tuition, accommodation, and sometimes living expenses. Here are some popular options for international students:

  • Erasmus Mundus Joint Master Degrees (EMJMD): Offers fully-funded scholarships for students to study in European countries.
  • Chevening Scholarships: For students who want to study in the UK, covering full tuition and living expenses.
  • DAAD Scholarships: For students aiming to study in Germany. DAAD offers a range of scholarships for undergraduates and postgraduates.
  • Government Scholarships: Many countries offer government-funded scholarships for international students, such as Fulbright (USA), Australia Awards, and Vanier Canada Graduate Scholarships.

    Additionally, many universities offer their own scholarships for international students studying accounting.

2. Choose Countries with Free or Low-Cost Education

Several countries offer free or low-tuition education, even for international students:

  • Germany: Most public universities in Germany charge little to no tuition fees for international students.
  • Norway: Public universities in Norway offer free education to international students, though you may have to cover living expenses.
  • Finland: Some universities offer scholarships to cover tuition fees for international students.
  • France: Public universities in France have very low tuition fees, and some scholarships are available for international students.

3. Apply for University-Specific Scholarships

Many universities abroad offer specific scholarships for international students:

  • Harvard University’s Financial Aid: Offers need-based aid for international students.
  • University of Melbourne International Undergraduate Scholarship: Provides scholarships for accounting and other disciplines.
  • INSEAD (France) offers scholarships for students pursuing finance and accounting-related degrees.

4. Consider Online Programs

Some universities offer online programs that can significantly reduce costs:

  • University of the People: Offers tuition-free online degrees, including business administration, which covers accounting.
  • Coursera and edX: Partner with universities to offer free or low-cost degrees, some of which focus on accounting.

5. Prepare a Strong Application

  • Academic Performance: Ensure you meet the grade and test score requirements for the scholarships and universities you’re applying to.
  • Language Proficiency: Most programs require proof of English proficiency through TOEFL or IELTS scores. If studying in a non-English-speaking country, you may need to learn the local language.
  • Personal Statement/Essay: Write a compelling personal statement that highlights why you want to study accounting and how the scholarship will help you contribute to your community or field.
  • Letters of Recommendation: Gather strong letters from academic or professional mentors who can speak to your qualifications and potential.

6. Utilize Scholarship Platforms

Websites like ScholarshipPortal, Chegg Scholarships, Fastweb, and AfterSchoolAfrica allow you to search for accounting-related scholarships based on your profile and country of study.

7. Consider Specialized Scholarships

Look for scholarships that focus specifically on accounting students. Some organizations provide scholarships to students pursuing accounting degrees, such as:

  • The Institute of Management Accountants (IMA) Scholarships: For international accounting students.
  • ACCA Foundation Scholarships: Provides support for accounting students pursuing ACCA qualifications.

8. Reach Out to University Admission Offices

Contact the admissions or financial aid offices of universities you are interested in. They can provide information on available scholarships, financial aid, or tuition waiver opportunities for accounting students.

By following these steps, you can increase your chances of gaining free admission to study accounting abroad. Would you like assistance finding specific scholarships or universities that match your preferences?

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