Fully Funded Peru Scholarships 2024/2025

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Peru, a country located in South America, is known for its rich cultural heritage, stunning landscapes, and vibrant academic 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 Peruvian students, 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 Peru scholarships, their eligibility criteria, and the benefits they offer to Peruvian students seeking higher education.

The BCRP Scholarship Program

Presented by the Central Reserve Bank of Peru (BCRP), the BCRP Scholarship Program is a unique opportunity for students seeking to further their studies in the field of economics. The scholarship aims to prepare the future leaders in Peruvian economics who will drive the nation’s economic growth.

Who is eligible?

  • Citizenship: Open to Peruvian citizens only.
  • Academic background: Requires a bachelor’s degree in economics or a closely related field with a strong academic record.
  • English language: Demonstrated proficiency in English through standardized tests like TOEFL or IELTS is mandatory.
  • Commitment: A willingness to return to Peru and contribute to the country’s economic development after completing your studies is crucial.

What does the scholarship cover?

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  • Full tuition fees: The program covers all your tuition costs at the chosen university abroad.
  • Living expenses: A monthly stipend to cover living expenses in your host country.
  • Travel costs: Round-trip travel costs between Peru and your study destination.
  • Health insurance: Basic health insurance coverage during your studies.

How to apply:

  • The application process usually opens in August and closes in October each year.
  • Required documents include academic transcripts, letters of recommendation, research proposal, and proof of English language proficiency.
  • Shortlisted candidates may be invited for an interview.

In summary, the BCRP Scholarship Program offers an unparalleled opportunity for economics students. This program goes beyond mere financial aid; it is a program that invests in the future economic leaders of Peru. This chance is perfect for those students who have a strong interest in economics and are dedicated to contributing positively to Peru’s economic development.

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Read Also: Fully Funded Palestine State Scholarships

The Fulbright Scholarship Program

The Fulbright Scholarship Program, an acclaimed global educational initiative, presents Peruvian scholars with a unique opportunity to pursue graduate studies, conduct research, or teach in the United States. This all-inclusive program goes beyond the mere provision of academic and cultural exchange opportunities by completely financing these experiences. Tuition fees, often a major financial obstacle for scholars, are fully covered under the program, allowing scholars to concentrate solely on their academic progress.


  • Full tuition and fees: Covers all tuition costs at your chosen U.S. university.
  • Living stipend: Provides monthly allowance for living expenses.
  • Round-trip travel: Sponsors travel between Peru and the U.S.
  • Health insurance: Offers basic health insurance coverage during your studies.
  • Cultural enrichment: Immerse yourself in American culture and build valuable networks.

Types of Awards:

  • Fulbright Foreign Student Program: Master’s and doctoral studies in various fields.
  • Fulbright-García Márquez Fellowship: For Colombian and Peruvian artists, writers, and scholars in creative writing, journalism, and visual arts.
  • Fulbright Hubert H. Humphrey Fellowship: For mid-career professionals in public service.


  • Be a Peruvian citizen with a bachelor’s degree.
  • Possess strong academic background and research potential.
  • Demonstrably proficient in English.
  • Commit to returning to Peru after completing your studies.

Application Process:

  • Deadlines typically fall in July-October each year.
  • Required documents include transcripts, essays, letters of recommendation, and English language test scores.
  • Interviews are conducted for shortlisted candidates.

The program’s ethos of promoting understanding through educational exchange offers Peruvian scholars the chance to bring their unique insights to the table, enriching the global academic discourse. If you have the drive and determination to challenge conventions and make a lasting impact, consider the Fulbright Scholarship Program as your gateway to an enriching academic journey.

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How do you get a 100% scholarship?

Securing a 100% scholarship involves careful planning and dedication:

  • Research Extensively: Identify scholarship programs that cover full tuition, living expenses, and other costs.
  • Academic Excellence: Maintain a high GPA throughout your academic career.
  • Extracurricular Activities: Demonstrate leadership skills and involvement in community service.
  • Impressive Personal Statement: Craft a compelling personal statement outlining your goals and why you deserve the scholarship.
  • Letters of Recommendation: Obtain strong letters of recommendation from teachers or mentors who can attest to your academic and personal qualities.

Does Peru have scholarships?

Yes, Peru does offer scholarships through various channels, including government initiatives, private organizations, and educational institutions. Prospective students can explore opportunities provided by the Peruvian government, universities, and external organizations to support their education.

Which country is easiest to get a full scholarship?

The ease of obtaining a full scholarship varies and depends on factors like program availability, eligibility criteria, and competition. Countries with robust education systems, such as Germany, Norway, and Canada, often offer a range of scholarship opportunities. However, the ease of obtaining a scholarship also depends on individual circumstances and qualifications.

Is it possible to get a fully funded scholarship?

Absolutely! Fully funded scholarships are available for students at various levels – undergraduate, master’s, and doctoral. Governments, organizations, and universities worldwide offer these scholarships to support talented and deserving students in pursuing their education without financial constraints. Thorough research and careful preparation are key to increasing your chances of securing a fully funded scholarship.

 Can a Nigerian get a scholarship abroad?

Yes, Nigerians can and do receive scholarships to study abroad. Many countries and organizations offer scholarships to international students, including Nigerians, based on academic merit, financial need, and other criteria. Nigerians can explore opportunities provided by foreign governments, international organizations, universities, and private foundations to pursue education abroad.


The Fully Funded Peru Scholarships, such as the BCRP Scholarship Program and the Fulbright Scholarship Program, provide an exceptional opportunity for students and scholars to progress in their academic careers, unhindered by financial constraints. They not only cover tuition fees but also daily expenses, travel costs, and health benefits. They open doors to prominent international institutions and offer a unique cultural and academic exchange experience, further enhancing the learning environment.

As the world continues to become more interconnected, opportunities such as these scholarships will play an increasingly crucial role in nurturing global understanding and cooperation. If you’re a driven individual with a passion for learning and a desire to contribute positively to your country and the world, then the Fully Funded Peru Scholarships could be the stepping stones to achieving your academic and career goals.

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