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 for current undergraduate and graduate students. Applicants must be a resident of New Hampshire or must attend a college or university in New Hampshire.
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Applicants must be high school senior that has already been accepted into an accredited college or university, or a current student enrolled at an accredited college or university full-time. Students must be pursuing a degree in health science and be interested in providing care for patients with physical disabilities in the future and have a minimum GPA of 3.5.
This award is available for U.S. graduate students who plan to pursue a career in the drinking water industry. Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. This $5,000 scholarship provides funding to a graduate level student.
The National Collegiate Athletic Association set up the Walter Byers Scholarship to honor its former executive director. Each year one male and one female student-athlete receive a $24,000 award in recognition of outstanding academic achievement and potential for success in graduate study.
Latin American applicants will have to undergo a TOEFL test (Test of English as a Foreign Language). The winners of the scholarships will be announced in April 2018 following the IAPA Midyear Meeting. All qualified participants will receive official notification from the IAPA of the result of the award of scholarships.
The scholarship is open to any current high school senior, college student or graduate student with a Grade Point Average of 3.0 or higher, who are legal residents of the U.S. or district of Columbia and who is enrolled in a two to five-year post-secondary institution for the 2021 Spring semester.
The Leo W. and Alberta V. Thomas Utz Scholarship – Math is a scholarship in the amount of $4,000 year for up to four consecutive years to students who are pursing undergraduate or graduate degrees in Math. Renewal is conditional upon maintenance of a GPA of 3.25 based on a 4.0 scale used by the educational institution.
The Leo W. and Alberta V. Thomas Utz Scholarship – Science is a scholarship in the amount of $4,000 year for up to four consecutive years to students who are pursing undergraduate or graduate degrees in Science. Renewal is conditional upon maintenance of a GPA of 3.25 based on a 4.0 scale used by the educational institution.
To be eligible for this scholarship, applicants must be currently enrolled in college, graduate school, or be a GED holder who is about to attend a college within the United States. Applicants must show good academic standing by holding a GPA of 3.0 or higher.
