Spain is a popular holiday and higher education destination due to its strong economy, picturesque regions, and significant historical past. Spain boasts approximately 90 universities, around 50 public and 40 private, most of which deliver globally recognized, high-quality education at relatively affordable tuition compared to other Western European nations. Over 50 Spanish institutions are ranked in the Times Higher Education World University Rankings 2025.
While studying in this gorgeous location is a dream come true for many prospective students, there are certainly financial implications to consider. However, there are plenty of financial resources and scholarships available to help potential overseas students finish their education in the country. Read on to learn more about the same.
Why Choose Spain for Your Master’s?
Before we explore the various scholarship options available, let us first review what makes Spain a preferred destination for higher education. The most crucial aspects are:
- Top education: The country has been listed among the top ten countries across the world for the best international schools.
- Excellent quality of life: Spain is known for its stunning beaches, energetic nightlife life and a welcoming environment. The country allows you to experience a vibrant culture.
- Affordable education: Spain is known to be one of the most affordable countries for international education in Europe.
- Employment opportunities: International students can enrol in part-time work during their education tenure, allowing them to earn and save money. The Spanish student visa allows up to 30 hours of work per week.
Financial Considerations
Studying in Spain can cost anywhere between €10,000 to €60,000 per year, depending on the course and university. Additionally, accommodation costs can range from €3,600 to €8,400, besides other expenses like transport, insurance, etc.
Scholarships significantly reduce this burden by covering the costs of tuition fees, insurance, research expenses, living costs, and even airfare.
Top Scholarships for Master’s in Spain in 2025
Below is a list of the most popular scholarships available for international students studying master’s degrees in Spain:
|
Scholarship |
Benefits |
Eligibility |
| Erasmus Mundus Joint Master’s Degrees Scholarship | Covers full tuition, travel, and living allowance | A recognized Bachelor’s degree |
| Barcelona School of Economics Scholarship | Ranges from fully funded, 100%, 75%, 50% and 25% waiver on tuition fee | Enrolled in a Master’s program at the said school, hold a bachelor’s degree or equivalent in finance, engineering, business, economics, or maths |
| University of Granada Scholarships for International Students | 270 € across coverage for tuition fee, accommodation, travel, etc. | Need-based scholarship for students enrolled in the University of Granada |
| ESADE Diversity Program | 50% to 85% waiver on tuition fee | Demonstrated talent or financial need |
| Prince Albert II of Monaco Sustainability Challenge Scholarship | €22,000 for tuition fee | Enrolment in a full-time Master’s program that offers a concentration in sustainability |
Please note: For detailed up-to-date information, visit the official scholarship pages. The scholarship criteria and benefits are subject to change.
General Eligibility Criteria
Scholarships rely heavily on eligibility. While specific prerequisites vary by program and award, the majority of master’s level scholarships in Spain require:
- Academic merit – A strong undergraduate degree, often with a GPA of 6.5 to 7.0 on a scale of ten
- English language proficiency- IELTS, TOEFL, or PTE scores that meet the university’s minimum standards
- Nationality – Certain scholarships are country-specific, so check before proceeding
- Work or research experience – Some scholarships typically demand job experience or a good research proposal
How to Apply for Scholarships in Spain
Here are simple strategies to explore relevant scholarships in the country and excel at the application process:
- Research and shortlist: Look into government, university, and regional scholarships that fit your nationality, academic background, and career objectives. Refer to reputable sources and official university websites.
- Secure admission: Apply to your preferred Master’s program at a Spanish university. Some scholarships need an unconditional or conditional offer before applying.
- Prepare documents: Gather all necessary documents, including academic transcripts, English language test scores (IELTS/TOEFL/PTE), a resume, a statement of purpose, letters of recommendation, and any relevant research proposals or work experience certifications.
- Submit scholarship applications: Apply for qualifying scholarships directly through the government’s or university portals. Make sure that all forms, accompanying documents, and deadlines are met. Some scholarships are automatically considered when you apply for the course.
- Wait for a response: Scholarship organisations and schools will contact successful applicants via email or through their application portal within the time limitations stated. Keep an eye on your email and be ready to supply any required follow-up documents.
Explore Master’s Programs in Spain
You can discover a wide range of programs for Master’s in Spain from leading Spanish universities, whether you are looking for a research-based or a career-ready program.
Conclusion
Deciding to pursue a master’s program in Spain can be a life-changing experience that can open doors to various new opportunities. With the right scholarship, it also becomes financially possible and less challenging. Whether you are planning for a subject-specific scholarship or a research grant, there are plenty of options to apply to. We recommend that you start early, research well, and tailor your application to make it stand apart! For more information, explore ApplyBuds, an intelligent, AI-powered platform designed to help students attain their overseas education goals.
