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FINANCING A GRADUATE EDUCATION

There are three basic ways to finance your graduate education, depending upon the kind of program in which you are interested (fellowships and traineeships, teaching and research assistantships, and loans.)

  • Fellowships or traineeships for graduate study are grants that are generally awarded on the basis of academic merit. Fellowships generally provide payment of tuition and a stipend for living expenses.
  • Teaching assistantships usually involve leading a discussion section, supervising a laboratory, grading papers, and meeting with students.   A teaching assistant helps an institution teach its undergraduate students in return for salary (and sometimes fee or tuition remission) that helps support his/her own graduate studies.   There are other positions, like residence hall counselor or resident advisor, which provide reduced tuition or room and board and sometimes offer a stipend. These jobs provide valuable transferable skills, and they may help fund your degree.
  • Grants and loans are an important source of support for graduate students. This aid may come from the institution, a state, the federal government, or sometimes your employer.
  • A basic resource about financial aid is the Department of Education publication, The Student Guide.

The debt you accrue in acquiring a graduate degree can be considered an investment in your future earning power.

The major investments that you make in a graduate degree are time and the income you may forego by being in school full time, if that is the course you choose. The ultimate reward is the satisfaction of doing what you like to do, having a great deal of freedom, and getting paid for it.

Sources of Information about Financial Aid

There are extensive public and private publications that offer information about scholarships and fellowships for higher education study. A few are listed here.

Check with the Career Center for more information.

Directory of Financial Aid for Women
Schlachter , Gail Ann
San Carlos , California : Reference Service Press, 1993
(415) 594-0743
Available in bookstores

Directory of Financial Aid for the Disabled and Their Families
Schlacter , Gail Ann
San Carlos , California : Reference Service Press, 1993
(415) 594-0743
Available in bookstores

Directory of Financial Aid for Minorities
Schlachter , Gail Ann
San Carlos , California : Reference Service Press, 1993
(415) 594-0743
Available in bookstores

Financing Graduate School
McWade , Patricia
Peterson's 1996
Online order at Peterson's.com
(800) 338-3282
Under $30 online
Also available in bookstores

Free Money for Graduate School
Blum, Laurie
1996
http://www.amazon.com
Under $16 online

Funding for United States Study: A Guide for International Students
and Professionals

O'Sullivan, Marie and Sara J. Steen ( eds .),
New York : Institute of International Education, 1996
Available in bookstores

Grants for Graduate & Postdoctoral Study
Peterson's 1998
Online order at http://www.petersons.com
(800) 338-3282
Under $30 online
Also available in bookstores

A Selected List of Fellowship Opportunities and Aids to Advanced Education
National Science Foundation
Publications Office
E-mail: pubs@nsf.gov
(703) 306-1234

Major Sources of Fellowship

Deadlines for fellowships are as different as the number of fellowships. Usually, however, they occur early each calendar year, so the application process often is in full swing by late summer or early fall. The competition for fellowship money is brisk, making for hard, fast deadlines. You will need to contact funders directly to create your own calendar of deadlines.

American Association of University Women Career Development Grants

Purpose: Awarded to women in the early stages of graduate studies preparing to reenter the workforce, change careers, or advance their current careers.

American Sociological Association Minority Fellowship Program

Purpose: To support the development and training of minority sociologists interested in issues of mental health. Funded by a grant from the National Institute of Mental Health (NIMH), the MFP seeks to attract talented minority students who are interested in the social dimensions of mental health issues and to facilitate their placement, work, and success in appropriate graduate programs.

American Sociological Association Doctoral Fellowships in Sociology

Purpose: 1999 Mass Media Science Fellow Program, co-sponsored by the American Sociological Association (ASA) and the American Association for the Advancement of Sciences (AAAS) 1999 Community Action Research Initiative, sponsored by the ASA Sydney S. Spivack Program in Applied Social Research and Social Policy

Department of Defense Scholarships, Apprenticeships, and Fellowships

Purpose: The DoD has other possibilities for graduate students. Check web site frequently .

Ford Foundation Predoctoral, Dissertation, and Postdoctoral Fellowships for Minorities

Purpose: Increase the presence of underrepresented minorities on the nation's college and university faculties. Predoctoral fellowships are awarded in anationwide competition to individuals who demonstrate superior scholarship and show greatest promise for future achievement as scholars, researchers, and teachers in institutions of higher education.

Jacob K. Javits Fellowships

Purpose: To assist students of superior ability to pursue graduate study leading to doctorate of Master of Fine Arts in selected fields in the arts, social sciences, and humanities.

Mellon Fellowships in the Humanistic Studies

Purpose: Identify and encourage persons who are committed to teaching and have a broad vision of learning.

CIC Predoctoral Fellowships Program

Purpose: To increase the representation of Native Americans (with tribal affiliation), African Americans, Mexican-Americans, and Hispanic Puerto Ricans among Ph.D. recipients in humanities, social sciences, natural sciences, mathematics, and engineering at the The University of Chicago, University of Illinois at Urbana- Champaign , University of Illinois at Chicago , Indiana University , University of Iowa , University of Michigan at Am Arbor, Michigan State University , University of Minnesota , Northwestern University, Ohio State University , Purdue University , University of Wisconsin-Madison , University of Wisconsin-Milwaukee, or Pennsylvania State University .

Truman Fellowships

Purpose: To award merit-based scholarships to college students who plan to pursure careers in government or elsewhere in public service and wish to attend graduate or professional school to help prepare for their careers.

Please contact your potential graduate schools for additional fellowship opportunities.

 

FELLOWSHIP OPPORTUNITIES
Graduate Fellowships for Minorities
UCSC Additional Support

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