With the goal of informing progress towards Target 4.b of the SDGs, the overarching purpose of this paper is to assess the current state of global data on scholarships available at the tertiary level for individuals from developing countries. In addition to assessing the data, the analysis explores the feasibility of creating a baseline against which future progress towards Target 4.b can be monitored at the global level. A broad range of scholarship programs sponsored by government institutions, non-profit organizations, and corporations were reviewed in order to inform the analysis, identify challenges, and propose solutions. Data gaps are especially apparent with regard to the national origins and socio-demographic characteristics of scholarship recipients. In addition to providing a framework for organizing and monitoring these programs, the paper provides recommendations for the steps that can be put in place in order to ensure better data collection on the provision of scholarships for students from the developing world.