Must be enrolled at least half-time. This aid can be need-based or it can be merit based. These include grants or loans but may include tuition waivers or other types of aid. This aid is funded by the student's home institution. These scholarships can be based either on need or on merit.
Institutional aid can come from a variety of sources,which includes alumni, faculty, endowments,etc.
Some aid can be specified for overseas study but other scholarships can be restricted to the campus, state, or for domestic programs, etc. If you are planning to attend an overseas study program sponsored by another institution, the home institution through a written agreement between the schools might allow you to use your financial aid. But students should realize that policies vary among institutions of higher education and therefore, should check with their study abroad advisors and financial aid administrators regarding enrollments with another institution. For example,the Coca-Cola Foundation, Amoco, Chrysler Corporation, etc., have given funds for overseas study. The Rotary Foundation, which has a private, sponsored International scholarship program provides funds for undergraduate, graduate, and vocational students.