I am a Japanese student who will apply to U.S. Ph.D. programs this year. I successfully acquired two external Japanese scholarships, but I should choose the one. Which do you think is better when we consider chances to get into Ph.D. programs (biology, STEM fields) and financial matters.
Scholarship X covers two-year stipends ($2500 per month), two-year tuitions and two-year medical insurance. When I consider applying to Harvard University, the amount of payment will be 185k dollars in total.
Scholarship Y covers five-year stipends ($1835 per month), two-year tuitions (up to $55k). When I consider applying to Harvard University, the amount of payment will be 165k dollars in total.
The Ph.D. programs which I will apply to provide us complete financial support including stipend, tuition and medical insurance. Therefore, the purpose to acquire scholarships is to increase chances to be admitted to the programs by decreasing their financial burden. In this sense, scholarship X is better.
However, some universities provide a bonus for students who acquired external scholarships. In this sense, scholarship Y may be better because we may get the bonus in the remaining three years as well.
Which scholarship do you think is better?