Fully funded describes a defined-benefit pension plan that has enough assets on hand to satisfy all obligations to current and future retirees. Companies strive to reach a fully funded status, so they do not experience a shortfall of funds promised to workers. A fully funded pension plan is one that has the financial stability to make current and future benefits payments to pensioners. The plan depends on capital contributions and returns on its investments to achieve stability.
Scholarships may be fully funded or partially funded which means they might cover all the cost or just a fraction of it. In some cases, the scholarship money is made in the student’s name and paid to them directly. Therefore, the money is, on other occasions, given to the institution or school of the student. Full scholarships are rare, and those that are available are very competitive. However, that doesn’t mean you shouldn’t apply for them – read on to discover how to increase your chances of being awarded one of these prestigious scholarships.
In order to be fully funded, the plan must be able to make all the anticipated payments to both current and prospective pensioners. However, a plan’s administrator is able to predict the amount of funds that will be needed on a yearly basis. The funding status is generally determined by the plan’s outside actuaries. This can help determine the financial health of the pension plan. A fully funded can be contrasted with an underfunded pension, which does not have enough current assets to fund its obligations.
Fully-funded LAOS Scholarships 2022
Fully-funded LAOS Scholarships Study for free in LAOS. The Government of Laos is now accepting online applications for the fully-funded LAOS Government Scholarships for the class of 2022-2023 from local and international students. Keep in mind most LAOS Universities do not require IELTS for admissions/scholarship offerings.
It is the fantasy of all enthusiastic and capable understudies to get great schooling in their lives for a superior and prosperous future. Regardless of how favored or un-advantaged they are. For such reasons, understudies don’t hold back going to different objections, similar to Korea, Canada, America, and so on. In any case, there are a couple of other renowned and noticeable spots giving exceptional training and different liberal grant programs for meriting applicants. In this article, we will reveal accessible scholastic open doors in Laos which is one such verifiable country in Asia that is assuming a prevailing part in advancing training among understudies.
Without a doubt, it is a piece less popular nation picked simply by few abroad applicants. However, to be sure, this beautiful nation of woods and landlocks is the best spot to pick, assuming that you love to investigate. Then again, the loose and tranquil way of life in addition to educational cost-free schooling in Laos presented by its colleges is one reason why individuals love to concentrate here.
Language Requirements to Study in LAOS
In Universities of LAOS, English language proficiency certificates submission such as IELTS, TOEFL, PTE, DET, etc are optional. This means you can study in LAOS without IELTS. Whereas, if the courses are taught in the French language then B2 level proficiency proof is required.
LAOS Study VISA Process with Requirements
LAOS Student VISA is issued to the applicants for a short and long-duration stay in the country on a temporary basis. If you are offered admission or scholarship at LAOS based University then you will stand eligible to apply for LAOS Study VISA if the following criteria are met:
- The applicant received an Admission/scholarship offer by LAOS academic institution
- In the case of self-funded course, the applicant must provide evidence of enough funds
- The tuition fees, dorm expenses must be paid in full (In case of self-funded course)
- An oath shall we be taken by candidates for their return to home country upon completion of studies
- Medical/health insurance must be purchased by the applicants (for self-funded)
It is crucial to get all the necessary and relevant details about the universities of Laos and the courses they are offering to the local and international students before getting admission here.
List of Universities in LAOS
However, in this process, we are going to list and explain the best universities in LAOS. Here is the list of some prominent universities of Laos that have made their names in the world due to exceptional teaching values and innovative learning methods.
1. National University of Laos Scholarships
The National University of Laos is one of the newest universities in Laos and globally, founded in 1996, with the maximum number of students studying here at the moment. As per the statistical data, there are around 23,000 students with 1,800 staff members. This university is famous for having 5 outclass campuses and 13 faculties, offering various degree programs. The National University of Laos is open to all local and international students. The annual tuition fee for overseas candidates here is $1,530 per year.
But on the other hand, you can apply for the National University of Laos Scholarships to get free education there. We believe that the pieces of information about the National University of Laos (NUOL) we have presented here are enough to make a decision. Here decision means whether you will proceed to apply for admission to the National University of Laos (NUOL) or you will look for some other universities. There is more than 2000 other university information available on research-portal.org. As long as you want to study in the top-rank universities of the world, we can help you to choose the best university that goes with your requirement.
2. Souphanouvong University Scholarships
They got established in 2003 and is located in the city of Luang Prabang, the former capital of Laos. Souphanouvong University (SU) is a university in Luang Prabang, the old capital of Laos and its fourth-largest city. It is one of five national universities in the country. It was established in accordance with the Prime Minister Decree, No 169/PM, dated 4 November 2003 and inaugurated on the following day. The University is named after Prince Souphanouvong, who was the first President of the Democratic People’s Republic of Laos.
According to the Prime Minister Decree on the Organization and Activities of Souphanouvong University, No 099/PM, dated 3 April 2009, SU is a public national educational and cultural institution under the Ministry of Education. Souphanouvong University has two campuses. The main campus, in Ban Donmay 9 km along 13th Northern Road, covers an area of 110 hectares. The SU Faculty of Education, the second campus, covers a land area of 2 hectares and is in Ban Nasang-Veuy, much closer to the city.
This university has its name after Prince Souphanouvong, the first-ever president of Laos. It is offering approximately 20 educational degree programs on its two campuses in various fields like;
- Economics
- Education
- Tourism
- Civil engineering
- Business
The application fees for the local students are charged a bit differently which depends on the course program. However, the international students will have to pay $1,270 per year. Otherwise one can apply for the fully-funded Scholarships to get a tuition fees waiver.
3. Savannakhet University Scholarships
Savannakhet University is giving quality education to overseas candidates with application charges of around $903 per year. However, it has nine faculties with 321 staff and 3,000 students. On the other hand, this university is not well-developed like the other ones and offers limited scholarship funding.
Savannakhet University is one of five public Universities in Laos P.D.R. It was inaugurated and established on 27th March 2009, the founding ceremony was led by the Prime Minister of Lao P.D.R. SKU OFFERS 38 Bachelor’s degree programs and 2 Master’s degree programs. SKU Development is aligned with the socio-economic development strategy of the 3 provinces (Savannakhet, Khammouane, and Bolikhamxay). It provides equal access to higher education for both the urban and rural people, in particular, underprivileged people from the rural and remote area.
4. Lao-Korean College Scholarships
This Lao-Korean college is famous for providing many scholarships to the enrolled students like Presidential scholarships, J.L. scholarships, and many more. It has four departments, while the main fields of this college are accounting and Information Technology. The interesting thing about this college is that two countries, Laos and Korea, fund this institution.
Lao-Korean College is a college in Vientiane, the capital city of Laos, founded in 2012. The college has four Departments: Department of English, Department of Korean, Department of Accounting, and Department of IT. The college is supported by two nations, Laos and Korea. Lao-Korean College is located in Phonsavarthnuea Village, Sikhottabong District, Vientiane Capital City, Laos.
5. University of Health Sciences Laos Scholarships
The University of Health Sciences of Laos is one of the most important academic institutes in the country and is one of the cheapest universities in Laos. The admission process is a bit simpler and faster for the University of Health Sciences of Laos. However, it is offering a bachelor’s degree program in Medicine & Physics. To get admission here, candidates will have to submit their Transcripts, IELTS score, passport, etc. One may also apply for the Scholarships offered by the University of Health Sciences.
Fully-funded LAOS Government Scholarships
Laos is famous for its scenic and beautiful sites but is also doing a remarkable job in the educational field. All local and international students can apply to any above universities for the various scholarship programs. These Laos scholarships provide ease and comfort to students during their educational journey with maximum benefits like tuition fee waiver, accommodation, monthly stipends, etc.
Therefore, all the interested candidates must gather the information related to scholarships offered by the above-listed universities and apply for the desirable scholarship program within the due deadline. Meanwhile, by doing so, the chances of selection will get increase. The universities of Laos solely, and in partnership with the Federal government give various scholarships to the deserving candidates.
Here is the list of some of these LAOS Government scholarships:
1. Elizabeth Greenshields Foundation Grant
Such scholarship is available for a Bachelor’s degree in Arts, painting, drawing, etc. The good thing about this scholarship program is that applications are always open to apply. Such scholarship is eligible for all nationality holders, plus it is a partial funding program. All the artists, painters, and sculptors can apply for this LAOS scholarship. On the other hand, the National University of Laos is providing this amazing opportunity to the students studying there to get their hands on this program for skills enhancement. The winners of this scholarship program will receive a grant of up to CAD 15,000 as the first tuition grant. However, the second and third grant is CAD 18,000.
Meanwhile, it was established in 1955 by the Montreal lawyer Charles Glass Greenshields, Q.C. (1883-1974), in memory of his mother, Elizabeth T. Glass, to help young artists train in traditional artistic methods. Therefore, it was endowed by Mr. Greenshields and does not solicit or receive external funding. By the terms of its endowment, it is precluded from funding the pursuit of abstract or non-objective art. Furthermore, it received the Excellence in Fine Art Education Award from the Portrait Society of America in 2016 and the Gari Melchers Memorial Medal from the Artists’ Fellowship in 2021. Nevertheless, n 2020, The Elizabeth Greenshields Foundation awarded close to C $1.4M in grants to 88 artists and art students. Since its inception, it has granted some C $27M to over 2000 students and artists in more than 80 countries.
2. Lao-Korean College Scholarships
Lao-Korean College is making waves in the region for its three scholarships to its most deserving candidates. All these scholarships are awarded to the selected enrolled students based on their academic performances, merit, and other skills. Such scholarships include;
Presidential Scholarships: It is the kind of scholarship that will be given only to the freshman with the highest rank in the university. J.L. Scholarships: This scholarship will be granted to the selected candidate only due to any exceptional reason. However, the decision will be exclusively made by the college administration.
Nehemia Scholarships: Only the worthiest student in every department will get this scholarship. Meanwhile, the cherry on the top is a 100% tuition fee waiver for scholarship-awarded students.
3. Calouste Gulbenkian Foundation – Short Term Grant:
The candidates who want to pursue their Master’s or Ph.D. degrees in Armenian studies can apply for this partial-funding scholarship. The application deadline for this scholarship is 10th December 2022. The scholarship winners will enjoy a grant of up to EUR 5,000. The Calouste Gulbenkian Foundation, commonly referred to simply as the Gulbenkian Foundation, is a Portuguese institution dedicated to the promotion of the arts, philanthropy, science, and education.
One of the wealthiest charitable foundations in the world, the Gulbenkian Foundation was founded on 18 July 1956 according to the last will and testament of Calouste Sarkis Gulbenkian, a Portugal-based oil magnate who bequeathed his assets to the country in the form of a foundation.
4. Australia Award Scholarships by Vientiane College
At Vientiane College we provide original study materials, quality curricula, trained teachers and knowledgeable support staff to help make studying an enjoyable and rewarding experience. Student Counselors are available to help with challenging situations and to give advice on current and future study. The Vientiane College academic year is divide into four terms.
Vientiane College and the other donor governments jointly are granting Australia Award Scholarships to local and overseas students of Laos. It is available for the Undergraduate, Master’s, Ph.D., and TAFE levels. The selected candidates will avail of various benefits like;
- Full tuition fee waives off.
- Return air tickets.
- Living stipend.
- Health expenses throughout the scholarship program.
- Academic support.
- Field and Research work allowance for Masters and Ph.D. students.
5. IAL Research Grants for Doctoral Studies
The National University of Laos and the Institute of Adult Learning offer IAL Research grants to international students for Doctoral studies. This scholarship is available for Ph.D.-level degree programs. Interested candidates must submit their applications before the deadline of 31st May 2022. Such grant covers various benefits like tuition stipends up to $100,000 and monthly expenses to ease the burden on students.
In Conclusion
However, if there is anything you think we are missing. Don’t hesitate to inform us by dropping your advice in the comment section. Either way, let me know by leaving a comment below!
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