€16 Billion of Scholarships Available in Europe Each Year; 'Haystack' of Funds Now Transparent in a Central European Website: ScholarshipPortal.eu

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ScholarshipPortal.eu was officially launched at the European Association for International Education (EAIE) conference on 17 September 2010 in Nantes. The ceremony was led by the President of the EAIE, Mr. Bjørn Einer Aas.

Many students abandon their aspirations to study abroad as they are unable to find appropriate funding, not knowing there is a whole spectrum of scholarships available in Europe. Those scholarships are scattered: offered at European, national, regional and institutional levels. Students are often unaware of their opportunities or struggling to find them. Funded by the European Commission, ScholarshipPortal.eu will come to life to answer to this problem.

ScholarshipPortal.eu is an integrated, centralised European platform providing information on all scholarships offered for studying in Europe. The database already contains over 700 scholarship programmes; in total there is an estimated € 15.6 billion of scholarship funds available per year. Students can now find and compare relevant programmes based on their nationality, background, where and what they want to study, and many more search criteria. The approach is based on the proven concept of MastersPortal.eu, which already helps over 1 million students every month in their quest among the wealth of Master's programmes in Europe. MastersPortal.eu offers a broad range of masters like marketing- and tourism masters.

Financial constraints are the primary reason for 6 out of 10 students not to study abroad. Nevertheless, a wide range of scholarships are offered by 16 different types of funding sources, such as university grants, national scholarships, regional prizes, and bilateral exchange funds. But in the absence of a central information source, students find it very hard to find information on these funding opportunities. As a solution, ScholarshipPortal has been developed by StudyPortals and the Academic Cooperation Association (ACA) and funded by the European Commission Lifelong Learning programme. StudyPortals is the market leader for finding study programmes in Europe. ACA is a pan-European network of major national organisations responsible for promotion of higher education mobility. Various members of this network, such as DAAD, Nuffic and Universidad.es, also contribute to the database directly in order to ensure quality and comprehensiveness of information.

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Kathia Rivera Morales
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