In today's digital world, data is one of the most valuable resources—and data science is the key to unlocking its full potential. From tech giants and healthcare innovators to financial institutions and government agencies, organizations across all sectors are investing in data-driven decision-making. As a result, the demand for skilled data scientists has surged, making data science one of the fastest-growing and highest-paying career fields.
However, pursuing a degree in data science can be expensive, especially with the added cost of specialized tools, certifications, and technology. Fortunately, a growing number of scholarships are available specifically for students pursuing studies in data science, artificial intelligence, machine learning, and analytics.
This article explores some of the top scholarships for data science students, highlighting opportunities that support both undergraduate and graduate learners on their journey to becoming the next generation of data experts.
1. Data Science Central Scholarship
Offered by: Data Science Central
Eligibility: Undergraduate and graduate students in data science, machine learning, or related fields
Award Amount: Varies annually
Application Requirements: Academic transcript, personal essay, resume
Overview:
This scholarship supports aspiring data scientists by providing financial aid and access to networking opportunities within the Data Science Central community. It aims to help students who demonstrate academic excellence and a strong passion for data-driven innovation.
2. ACM SIGHPC Computational & Data Science Fellowship
Offered by: Association for Computing Machinery (ACM)
Eligibility: Graduate students pursuing degrees in data science or computational science
Award Amount: Up to $15,000 per year
Focus: Underrepresented groups in computing fields
Overview:
This fellowship supports students from historically marginalized backgrounds in data and computational sciences. Recipients benefit from not only financial assistance but also access to a global network of professionals and mentors through the ACM.
3. Microsoft Research PhD Fellowship
Offered by: Microsoft Research
Eligibility: PhD students pursuing research in data science, artificial intelligence, and related fields
Award Amount: Full tuition coverage, $42,000 stipend
Additional Perks: Mentorship and internship opportunities
Overview:
This prestigious fellowship is highly competitive and provides PhD candidates with generous funding and the opportunity to work alongside Microsoft researchers. It is designed for students conducting cutting-edge research in data science, AI, and machine learning.
4. Google Women Techmakers Scholars Program
Offered by: Google
Eligibility: Women studying computer science, data science, or related fields
Award Amount: Varies by region; includes tuition support and conference funding
Mentorship: Yes – includes Google mentorship and community building
Overview:
Formerly known as the Google Anita Borg Memorial Scholarship, this program aims to support women in technology. Recipients gain access to Google mentors, workshops, and a supportive peer community—all of which can be especially beneficial for women in data science.
5. SMART Scholarship by the Department of Defense (DoD)
Offered by: U.S. Department of Defense
Eligibility: U.S. citizens pursuing STEM degrees, including data science
Award Amount: Full tuition, stipend, summer internship, and post-graduation employment
Commitment: Service requirement in a DoD facility after graduation
Overview:
The SMART Scholarship is ideal for students interested in applying data science in defense, cybersecurity, and national security. In addition to funding, students gain hands-on experience and guaranteed employment with the DoD after graduation.
6. IBM PhD Fellowship Program
Offered by: IBM
Eligibility: PhD students with a focus on AI, data science, cybersecurity, or cloud computing
Award Amount: Up to $25,000
Mentorship and Research: Yes – close collaboration with IBM researchers
Overview:
This fellowship encourages academic excellence and real-world application of data science theories. Students collaborate with IBM’s top-tier researchers, gaining valuable mentorship and the potential to work on industry-changing projects.
7. National Science Foundation (NSF) Graduate Research Fellowship Program (GRFP)
Offered by: National Science Foundation (NSF)
Eligibility: U.S. citizens pursuing graduate studies in STEM, including data science
Award Amount: $37,000 annual stipend plus $12,000 for tuition and fees
Duration: Up to three years
Overview:
One of the most prestigious U.S. fellowships, the NSF GRFP funds early-career graduate students with exceptional potential in research. Data science students working on AI, algorithms, big data, and analytics are encouraged to apply.
8. Udacity and Bertelsmann Data Science Scholarships
Offered by: Udacity and Bertelsmann Education Group
Eligibility: Global applicants interested in online data science Nanodegree programs
Award Amount: Full tuition for Udacity Nanodegree
Focus: Upskilling and career advancement
Overview:
These scholarships are excellent for learners looking to break into data science or upskill in specific areas such as Python, SQL, machine learning, and data visualization. Ideal for non-traditional students, career changers, and working professionals.
9. DataCamp Donates Scholarships
Offered by: DataCamp
Eligibility: Students from underrepresented backgrounds and nonprofits
Award Amount: Free access to DataCamp’s full learning platform
Extras: Certification, career coaching, and job board access
Overview:
While not a cash scholarship, DataCamp Donates provides students with valuable tools to build data science skills. Learners gain hands-on experience through interactive coursework and practical projects.
10. Women in Data Science (WiDS) Scholarship
Offered by: WiDS (affiliated with Stanford University)
Eligibility: Women pursuing degrees or certifications in data science
Award Amount: Varies (cash awards, training grants, conference sponsorships)
Focus: Gender equity in data science fields
Overview:
WiDS supports women at all levels of their data science journey—from undergraduate studies to professional development. Scholarships may cover course fees, research costs, or travel to international conferences.
Tips for Applying to Data Science Scholarships
-
Build a strong technical resume including programming languages (Python, R), statistical tools, and project work.
-
Showcase your passion for data science through personal statements or essays.
-
Demonstrate leadership and community involvement, especially in STEM outreach or data-driven initiatives.
-
Stay organized by tracking deadlines and tailoring each application to the scholarship’s mission.