The University of Bologna offers the University of Bologna Study Grants to deserving International Students. The scholarship is in two cycles. The first Cycle is for undergraduate while the second cycle is for Masters
SAT and GRE are the tests used as admission qualifications for applicants. The codes needed to send test scores to the University of Bologna are: for SAT 6993; for GRE 7850. This annual study grant is worth €11,000.
Additional information can be found here