5 Best Fully Funded Master's Scholarships in Europe for 2026

While North American universities often require students to secure funding through assistantships, European governments take a different approach. They offer massive, centralized scholarship programs designed to attract top global talent and build international relations.

If you are planning to pursue your Master's degree in 2026, these are the five most prestigious, fully funded scholarships in Europe you need to apply for:

1. Erasmus Mundus Joint Masters (EMJM) Location: Multiple European Countries

The Deal: This is arguably the most unique scholarship in the world. You don't just study in one country; your degree requires you to study at a minimum of two (often three) different universities across Europe.

What it Covers: Full tuition, health insurance, travel allowance, and a monthly stipend of €1,400 for the entire 24-month duration.

Who Should Apply: Students who are highly adaptable and want a truly pan-European network. Applications typically open between October and January.

2. DAAD EPOS Scholarship Location: Germany

The Deal: Germany's academic exchange service (DAAD) offers the EPOS program specifically for students from developing countries. It funds Master's degrees in "development-related" fields like Engineering, Public Health, Data Science, and Economics.

What it Covers: Tuition waivers, travel costs, health insurance, and a monthly stipend of €934.

Who Should Apply: Professionals with at least two years of relevant work experience after their Bachelor's degree.

3. Chevening Scholarship Location: United Kingdom

The Deal: Funded by the UK government, Chevening is designed to develop global leaders. It allows you to study a one-year Master's degree at any UK university.

What it Covers: University tuition fees, a monthly living allowance, economy class return flights to the UK, and additional grants to cover essential expenditures.

Who Should Apply: Ambitious individuals who can clearly demonstrate leadership potential and a strong vision for how they will impact their home country upon their return. (Requires two years of work/volunteer experience).

4. Eiffel Excellence Scholarship Programme Location: France

The Deal: Developed by the French Ministry for Europe and Foreign Affairs, the Eiffel Scholarship aims to attract the best foreign students for Master's and PhD programs in fields like Engineering, Sciences, Economics, and Law.

What it Covers: A monthly allowance of €1,181, return trips, health insurance, and cultural activities. (Note: It does not cover tuition fees directly, but public universities in France have incredibly low fees, and scholarship holders are often exempt from them entirely).

Who Should Apply: Students aged 25 or under with outstanding academic records.

5. Swedish Institute Scholarships for Global Professionals (SISGP) Location: Sweden

The Deal: Sweden is a global hub for innovation and sustainability. The SISGP funds highly qualified professionals aiming to study Master's programs at Swedish universities.

What it Covers: Full tuition fees (paid directly to the university), a living stipend of SEK 12,000 per month, health insurance, and a travel grant.

Who Should Apply: Applicants who have a documented background in leadership and a minimum of 3,000 hours of demonstrated employment or volunteer experience.

Editor's Note: For all of these scholarships, the application for the funding is often separate from the application to the university. Always check both deadlines carefully so you don't miss out!