If you are heading to grad school, there are a wide range of master’s degree scholarships available. Scholarships for masters degrees may help you go to graduate school for free. They could offset other expenses such as the cost of researching for your thesis.
Financial aid for graduate school is different than it is for an undergrad degree. Federal financial aid is available to grad students in the form of work study and loans. Pell Grants are only for undergraduates. As such, finding a master’s degree scholarship may make the most financial sense.
Unlike federal loans, graduate school scholarships are money you receive but typically don’t have to pay back. As long as you abide by the terms and conditions.
Is it hard to get Masters Degree Scholarships?
Some masters degree scholarships may be more competitive than other awards. Master degree scholarships come with their own criteria for eligibility. Getting a scholarship that helps pay for your master’s degree may require:
Desire to study a specific topic (E.g. Oncology Nursing, Architecture, Project Management, etc.)
Intention to research in a chosen area (E.g. Archaeological Research)
Demonstrated qualities (E.g. Leadership or Public Service)
Some scholarships for master’s degrees are also open to undergrads. So, you’ll be up against both sets of students who are competing for the awards.
One example is the Davis-Putter Scholarship. Scholarships from the Davis-Putter Scholarship Fund pay $15,000. The grants help students who are active in movements for social and economic justice.
You’ll also find master’s degree scholarships that may fund grad students who are women or minorities. The Holly A. Cornell Scholarship is one example. This $7,500 award is from the American Water Works Society. It goes to talented female and/or minority students. The recipient needs to be pursuing a degree and research in the field of water supply and treatment.
Another example is the Jonathon Lax Scholarship Fund for Gay Men. These tuition scholarships come in amounts of $5,000 or $10,000. They are set aside to help gay men who live in the five-county Philadelphia region obtain more education.
There are also scholarships for graduate students in specific fields of study. One example is the Frederic G. MELCHER Scholarship. Two candidates receive $7,500 each.
To apply, you need to be a student pursuing a Master’s in Library Science (MLS) degree. And plan to work in children’s librarianship.
The American Speech-Language-Hearing Foundation offers a similar type of scholarship. Their awards are $5,000. They go to grad students in communication science and disorders.
WHAT BENEFITS ARE THERE TO PURSUING MASTERS Degree SCHOLARSHIPS?
As a graduate student, getting a master’s degree scholarship may come with many benefits. For one, the money might cover tuition, books, living expenses and research.
This may free you up to focus on completing your master’s degree. Without having to take out loans or get a job to pay for your classes.
You may also reap rewards of attaining a master’s degree when you graduate. Employment in master’s-level occupations is on the rise by almost 17 percent from 2016 to 2026. That’s the fastest of any education level.
This may explain why in the 2017 to 2018 period alone, 775,000 students earned a master’s degree. Yet many students weigh the cost of pursuing a master’s degree with the cost of attaining it.
For sure, the average costs of graduate tuition and required fees has been climbing. What does graduate school cost? The National Center for Education Statistics has been tracking this data.
On average, the tuition and fees associated with pursuing a master’s degree are:
Private institution: $20,368
Public institution: $8,763
Average overall: $14,537
It is no surprise that recently, 70.4% of graduate students received some type of financial aid. Almost half of these students (43.8 %) took out loans. Take away? if you are trying to go to graduate school for free, securing a scholarship or grant may be ideal.
LIST OF MASTER’S DEGREE SCHOLARSHIPS
Check out our list of scholarships for masters degrees. There are awards worth .
This award is open to all U.S. students who are 14 and older and who are currently enrolled (or enroll no later than fall of 2026) in an accredited postsecondary institution of higher education. One scholarship winner will receive a $1,500 scholarship.
This award is open to all U.S. students who are 14 and older and who are currently enrolled (or enroll no later than fall of 2026) in an accredited postsecondary institution of higher education. One scholarship winner will receive a $1,500 scholarship.
This award is open to all U.S. students who are 14 and older and who are currently enrolled (or enroll no later than fall of 2025) in an accredited postsecondary institution of higher education. One scholarship winner will receive a $1,500 scholarship.
The Make Me Laugh Scholarship, offered by UNIGO, is open to all U.S. students who are 14 and older and who are currently enrolled (or enroll no later than fall of 2025) in an accredited postsecondary institution of higher education. One scholarship winner will receive a $1,500 scholarship.
This award is open to all U.S. students who are 14 and older and who are currently enrolled (or enroll no later than fall of 2027) in an accredited postsecondary institution of higher education. One scholarship winner will receive a $1,500 scholarship.
These awards are for students not attending a USAC Affiliate University and are seeking degrees. Applicants must have a GPA of 3.0 or higher. USAC may have scholarships specifically allocated to your university.
The Fannie and John Hertz Foundation is available to graduate students majoring in physical sciences at select partner universities of the foundation. The list of eligible schools can be found at www.hertzfoundation.org/dx/Fellowships/Guidelines/Schools.aspx. All applicants are evaluated on merit only.
The Paul and Daisy Soros Fellowships for New Americans is available for students who are 30 or younger as of the application deadline and are planning on starting or continuing an eligible graduate degree program full-time in the United States in the 2021-2022 academic year. Learn more and apply today!
This creative and fun scholarship program is open to all U.S. students who are 14 and older and who are currently enrolled (or enroll no later than fall of 2026) in an accredited postsecondary institution of higher education. One scholarship winner with an imaginative and well-written response to the scholarship question about the Zombie Apocalypse will receive a $2,000 scholarship.
FCCLA is a Career and Technical Student Org. People join the FCCLA to expand their leadership potential and life skills. FCCLA partners with Campaign for Tobacco-Free Kids for this $1,000 award. It goes to one member who engaged in these programs and highlights the advocacy skills they grew from the trainings in an essay.
