Money, Money, Money...How Do I Pay For All This?

The financial picture for graduate students is markedly different than the picture for undergraduates, for two reasons in particular:

The key to funding is to investigate as many potential sources of aid as possible. To help you do that, I will include information and/or links to as many sources as I can.

Types of Aid

Fellowships

At the graduate level, grants of money often take the form of fellowships, which carry a stipend. Fellowships are usually awarded competitively. The awarding of a fellowship usually carries with it particular conditions:

There are many types of fellowships. Some are local in nature: competition is limited to students at a particular institution or applicants for admission to that institution. Some fellowships are targeted toward students in a particular field of study, so that students in graduate programs at different schools are competing against each other.

Graduate Assistantships

An assistantship is a form of employment. Graduate students are hired to help the department with teaching or research duties. At some schools, in addition to a stipend, an assistantships also carries a partial or full remission of tuition. Assistantships are usually administered by individual academic departments.

Competition for assistantship is often very competitive, so it is important to get an application in as early as possible. In competing for an assistantship as an applicant for admission, you are often competing against current students as well as other candidates for admission.

Some Sources to Investigate

Mark Kantrowitz's Financial Aid Web Page

This is it: the mother lode. Click here to connect to a comprehensive Financial Aid web page, with basic information about financial aid for both undergraduate and graduate students, including

Mark Kantrowitz has written a book on financial aid and a FAQ on financial aid which he posts to several newsgroups. Thanks to Mark for putting this site together and calling its existence to my attention.

Peterson's Education Center

Part of the web site for the Peterson's Education Center, which is put together by the publishers of Peterson's Guides, is devoted to financial aid. Peterson's publishes reference works which you can buy.

Federal Information Exchange

A source of information on Federal funding is the Federal Information Exchange, Incorporated. Click here to be connected to some databases of Federal financial support for research and fellowship and scholarship opportunities sponsored by various agencies of the Federal Government. FEDIX is a general database listing government funding for various kinds of research. MOLIS is a database of information for minority applicants, and included financial support information. The RAMS area eventually will include a database of scholarship and fellowship information.

In addition to connecting to FIE directly via your world wide web browswer, you can telnet to fedix.fie.com and access information the web site using the Lynx webbrowser (which is text only). When you establish a telnet connection, you are allowed up to two hours search time.

Other Sources

Once you have decided on which schools you will apply to, you should contact both the degree program office and the financial aid office to determine what forms of aid are available to you and to get the necessary application forms. At many schools, there is an office that administers fellowship programs; be sure to ask for fellowship information.

Professional and cultural organizations can be sources of information about scholarships or fellowships. If you are actively involved in an organization, it can't hurt to ask if the organization offers support to students.

You can also ask the financial aid or fellowship office at schools to which you are considering applying for referrals to possible sources of support. The UWM Graduate Fellowships Office's web page includes some links to some searchable databases of fellowship programs.

I will add additional sites to the ones listed above as I discover them. One thing that I have noticed so far is that several of the sites are interlinked. If you connect to one, it is often possible (if not easy) to connect to the others.

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last revised: 03292000