What if your dream of studying in Spain could come true—without draining your bank account? Imagine walking through centuries-old campuses in Barcelona, Madrid, or Granada, with your tuition, research costs, and even living expenses covered.
This is not just a fantasy. Spain is once again opening its doors to international students with fully funded scholarships and fellowships for the 2026–2027 academic year.
In this guide, we’ll break down:
✅ The best fully funded scholarships in Spain for 2026
✅ Application timelines you can’t afford to miss
✅ Major foundations, EU programs, and top universities offering financial aid
🌟 Why Study in Spain in 2026?
Spain has become one of Europe’s most popular education hubs, offering the perfect mix of academic excellence and affordability.
Here’s why 2026 is the perfect year to apply:
🇪🇸 National & EU-Backed Scholarships for 2026 Intake
1️⃣ MAEC-AECID Scholarships
Spain’s official cooperation agency funds master’s and postgraduate studies for students from Latin America, Africa, and the Philippines.
Benefits:
✅ Tuition coverage
✅ Monthly stipend
✅ Health insurance
✅ Travel costs
📅 Next Call: June 2026
2️⃣ Fundación Carolina Scholarships
A major opportunity for Ibero-American students, with hundreds of fully or partially funded awards every year.
Covers: tuition fees, living costs, and travel support.
📅 Application Window: January – March/April 2026
3️⃣ FPU / FPI Predoctoral Contracts
Four-year paid PhD contracts offering a salary (~€24,000/year) and mobility allowances.
📅 Timeline: Mid-January to mid-February 2026
4️⃣ MSCA Postdoctoral Fellowships
Two-year fully funded fellowships for postdocs in Spain.
Benefits: salary, mobility allowance, and research costs.
📅 2025 Call Deadline: September 10, 2025 (results early 2026)
5️⃣ Erasmus Mundus Joint Master’s
The most popular EU program, offering full scholarships for master’s students worldwide.
Covers: tuition fees, travel support, installation allowance, and €1,000–€1,200/month stipend.
📅 Applications Open: October 2025 – January 2026
🏛 Major Foundations & Corporate Scholarships
🔹 “la Caixa” Foundation
🔹 Iberdrola International Master’s Scholarships
Perfect for students in energy, engineering, and digital economy fields.
📅 Expected Opening: March/April 2026
🔹 Santander Open Academy
Offers thousands of mobility scholarships every year for study stays in Spain.
📅 Call Opens: Spring 2026
University / Program | What It Offers | Who Can Apply | Application Timeline | Why It Stands Out |
Tuition reductions + competitive scholarships for the MIT–Zaragoza Master | Master’s in logistics, engineering, supply chain | Multiple rounds (late 2025 – mid-2026) | Backed by MIT, globally recognized | |
Partial to full scholarships | Master’s in econ, finance, data science | Priority deadline: Jan 2026 | Ranked among Europe’s best in economics | |
Fully funded PhD contracts | PhD candidates in physics, optics, engineering | Rolling applications | Access to world-class labs | |
10–50% tuition scholarships | International master’s applicants | Calls open late 2025 | Global research-driven Catholic university | |
Master’s scholarships for Latin American students | AUIP-affiliated university graduates | Spring 2026 | Strong Latin American collaboration | |
20% tuition waiver (International Excellence Scholarships) | Undergraduate & master’s | Opens late 2025 | English-friendly, innovative programs | |
Merit & collaboration scholarships | Undergraduates in multiple programs | Late 2025 – start of academic year | Flexible aid packages |
📅 Scholarship Timeline – Plan Your 2026 Applications
🎯 Final Thoughts
Studying in Spain on a fully funded scholarship is more than just free tuition — it’s about gaining global exposure, cutting-edge knowledge, and a world-class network. Whether you’re a master’s applicant, PhD researcher, or postdoc scholar, 2026 is packed with opportunities to make your Spain study dream a reality.
Don’t wait until the last minute — start preparing your documents, CV, and motivation letter now.
