Fully Funded Monaco Scholarships 2024/2025

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Monaco, a small city-state on the French Riviera, is known for its luxurious lifestyle and vibrant cultural scene. However, the cost of higher education can be a significant barrier for many students, particularly those from low-income backgrounds. 

To address this issue, various organizations and institutions offer fully funded scholarships for students in Monaco, covering tuition fees, accommodation, and other living expenses. These scholarships not only provide financial assistance but also offer opportunities for academic and professional development. In this article, we’ll take a closer look at fully funded Monaco scholarships, their eligibility criteria, and the benefits they offer to students seeking higher education in this exclusive destination.

International University of Monaco Scholarships

The International University of Monaco (IUM) stands as a pillar in the arena of education, particularly for its commitment to providing deserving international students with necessary financial support. The university has several scholarship programs, each tailored to reward students based on different criteria such as academic accomplishments, leadership potential, and involvement in community service


To be eligible for an IUM scholarship, you must:

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  • Be an international student (not a citizen or permanent resident of Monaco)
  • Meet the English language proficiency requirements of the university
  • Have a strong academic record
  • Demonstrate leadership potential
  • Be committed to making a positive impact on the world

Selection Criteria:

Scholarships are awarded based on a variety of factors, including:

  • Academic achievement
  • Leadership potential
  • Extracurricular activities
  • Letters of recommendation
  • Personal statement

How to Apply:

You can apply for an IUM scholarship by completing the online application form. The application deadline varies depending on the scholarship program, so be sure to check the deadlines carefully.

A complete coverage of the tuition fee. This allows ambitious students to pursue their educational goals without the burden of financial stress.

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Study Awards by the Monaco Government

The Monaco Government takes an active role in fostering education by offering an array of scholarships for aspiring students. A prominent scholarship program that deserves special mention is the “Prince Rainier III Scholarship.” 


  • Monegasque nationals or foreign students residing in Monaco for at least 10 years without interruption.
  • Meet the age requirement: Under 26 years old for undergraduate awards and under 50 years old for Master’s and PhD awards at the time of application.
  • Demonstrate academic merit: Good academic record and strong motivation for further studies.
  • Financial need: Family income quotient considered for tuition fee coverage.

How to Apply:

Applications are submitted online through the MonGuichet platform during designated periods announced each year. Required documents include transcripts, letters of recommendation, and proof of residency.


  • Financial support: Covers a significant portion of tuition fees, potentially up to 100%.
  • Focus on studies: Allows students to concentrate on their academic pursuits without financial burden.
  • Investment in future: Contributes to the development of skilled individuals for the workforce in Monaco.

Such scholarships further demonstrate Monaco’s commitment to encouraging talent and supporting education on a global scale.

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Scholarship Awards by the Monaco Foundation

The Monaco Foundation, a renowned philanthropic entity devoted to the proliferation of education and knowledge, proudly presents the “Excellence Scholarships.” Designed with the world’s most promising students in mind, these scholarships aim to make higher education more accessible to those who exhibit an exceptional level of academic excellence and dedication. 


  • Open to students and researchers from developing countries.
  • Strong academic record and relevant experience in the chosen field.
  • Demonstration of leadership potential and commitment to making a positive impact.
  • Project proposal aligned with the Foundation’s thematic areas and objectives.


  • Deadlines vary depending on the program, typically in Spring/Summer months.
  • Applications submitted online through the Foundation’s website.
  • Required documents include CV, transcripts, project proposal, recommendation letters.

Through these scholarships, the Monaco Foundation underlines its commitment to fostering an environment of academic excellence and reinforcing Monaco’s status as a hub for world-class education.

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Read Also: Fully Funded Mexico Scholarships


Can I study in Monaco for free?

While studying in Monaco for entirely free might be challenging, several scholarship options can significantly reduce your financial burden. These include:

  • Study Awards by the Monaco Government: Cover 40% to 100% of tuition fees for Monegasque nationals and residents under specific criteria.
  • International University of Monaco Scholarships: Offer merit-based awards ranging from €1,000 to €10,000 annually.
  • Scholarship Awards by the Monaco Foundation: Support postgraduate studies in specific areas like sustainability and ocean protection for students from developing countries.
  • Company-sponsored scholarships: Offered by partnered companies of the International University of Monaco, targeting relevant fields of study.

Remember, competition for these scholarships can be high, so ensure you meet eligibility criteria and present a strong application.

Which country is easiest to get a fully funded scholarship?

There’s no single “easiest” country, as different factors influence scholarship availability and competitiveness. However, some nations with well-established programs include:

  • Germany: DAAD scholarships target international students across various disciplines.
  • Norway: Several universities offer full tuition waivers for students with excellent academic records.
  • France: Eiffel Excellence Scholarship Program targets Master’s and PhD students in specific fields.
  • Austria: OeAD scholarships support international students across various disciplines.

Remember, even in these nations, academic merit and application quality play a crucial role.

How do you get a 100% scholarship?

Unfortunately, there’s no guaranteed strategy for securing a 100% scholarship. However, here are some key steps to increase your chances:

  • Focus on academic excellence: Maintain outstanding grades, demonstrate intellectual curiosity, and participate in academic competitions or research projects.
  • Research and target scholarships: Find programs aligned with your profile, nationality, interests, and goals. Many target specific demographics or academic achievements.
  • Craft a compelling application: Showcase your talents, achievements, and aspirations through well-written essays, strong recommendation letters, and relevant documentation.
  • Apply to multiple scholarships: Don’t put all your eggs in one basket. Increase your chances by applying to numerous scholarship programs that fit your profile.

What is the International School of Monaco scholarship?

Unfortunately, my search couldn’t identify a specific “International School of Monaco Scholarship.” There are two possibilities:

  • Scholarships offered by the International University of Monaco (IUM): This university offers various merit-based scholarships for undergraduate and postgraduate programs. You can find details on their website.
  • Financial aid provided by the International School of Monaco (ISM): This school offers need-based financial aid in addition to merit-based scholarships for enrolled students. Contact the school directly for details.

How much does the International School of Monaco cost?

The International School of Monaco (ISM) tuition fees vary depending on the program and grade level. For the 2023-2024 academic year, they range from approximately €17,000 to €24,000 annually.


Monaco’s commitment to education is undeniable, made evident by its wealth of fully funded scholarships for international students. Universities like the International University of Monaco and prestigious entities like the Monaco Government, the Monaco Foundation, and the Papyrus Association all extend generous financial aid to aspiring scholars, thus eliminating monetary barriers to quality education. Each scholarship program is designed to target a specific demographic, from meritorious achievers to community leaders, and even economically disadvantaged students. 

These scholarships not only cover the cost of tuition but also extend to cover accommodation, living expenses, and study materials. This all-inclusive approach fosters a worry-free academic environment where students can focus purely on their educational pursuits. With these scholarships, Monaco continues to shine on the global stage as a proponent of academic excellence and a beacon of educational opportunities. It goes without saying that the principality’s investment in the intellectual growth of students from around the world will continue to enrich its vibrant educational ecosystem. Whether you are an ambitious academic achiever or a budding leader with a vision, there is a scholarship in Monaco that awaits to make your educational dreams a reality.

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