Advanced technology and globalisation have led to connecting every part of the globe. As a result, the global exchange of trade, commerce, and, most importantly, education has become a common affair. According to a study in 2022, approximately 7,50,000 students emigrated from India to study abroad. Immigrating to countries abroad in order to pursue higher education calls for an intensive amount of expenditure to fulfil academic and livelihood needs. However, it is cumbersome for every aspirant to invest such a humongous amount of money entirely out of their pockets. This is where the concept of scholarships and fellowships kicks in. Many aspirants find themselves stuck in the dilemma of understanding the basic differences between scholarship and fellowship. Read ahead to know more.