Many of you may have heard of the Monbukagakusho. It is a series of scholarships provided through the Japanese government where tuition, airfare, and a monthly stipend are offered for the term of study.
What many of you may not know is that at least some of the scholarship openings are reserved specifically for JET alumni. So, think about it, you could go to Japan to earn a Master's degree or a PhD at a prestigious university - all paid for by the Japanese government!
Scholarships must be applied for the year prior to intended participation. For example, those intending to go to Japan in April or October of 2011 must apply in 2010. Applications must be sent to a Japanese consulate or embassy in the country of your citizenship. Deadlines vary, although in general the applications are due around February or May (depending upon the scholarship type). Tests and interviews may be necessary. Many webpages for the various Japanese missions around the world will provide the due dates and application information for the Monbukagakusho. Terms, schedule, and openings may vary, so it is important to contact a Monbukagakusho coordinator in your country of citizenship for more information.
For more about the scholarship types and application materials, please see: http://www.studyjapan.go.jp/en/toj/toj0302e.html
Note: This site also lists past application materials and tests to use as a reference; be sure to only use applications that have the date of the year of participation (the following year) listed