Graduate education can be affordable as there are numerous opportunities to receive funding from a specific program or school, or an outside source of funding too. Just as with selecting a program, searching for sources of funding can be a bit overwhelming. Where do you start? As with all steps of the graduate admissions process. do your homework about funding sources. Do not expect someone to approach you with some kind of funding source just because you have shown an interest, or even sent in an application, for a specific program. Funding for graduate school, just like all other aspects of graduate school, requires a lot of homework and thinking on your part.
Types of funding
Consider these terms to be keywords when you are looking for ways to fund graduate education. The other sources of funding do not require repayment, but you may be required to perform certain job duties, including teaching, research, or administrative tasks.
Funding can come from federal agencies, non-profits, and several other organizations. Funding can be used for specific research projects or initiatives too. For example, Ball State maintains a fantastic resource of funding opportunities and has additional resources for funding specific projects. Your own institution may have similar pages with more specific resources to your interests.
Assistance with finding funding sources
Finding funding sources for graduate education can be as overwhelming as identifying a program to which you would apply. There are people at the program or school you would like to attend who may be able to assist you. If you are enrolled currently as a student at a university, there is likely someone on campus in charge of external grants, scholarships, and fellowships who could help you. If you are an alum, people from that specific school may be able to assist you too. For example, at Ball State University, Dr. Barbara Stedman is in charge of assisting students with applying for national and international scholarships.
Sources of funding are not “free” money. Grants, scholarships, fellowships, and assistantships are a privilege, not a right. You may need to consider the following questions as you research funding sources.
Questions about funding
How does this source of funding affect my graduate school experience?
Do I work a certain number of hours?
Do I have an obligation to teach?
Is there a responsibility to conduct specific research?
Do I need to maintain a certain grade point average?
Copyright © 2014 Ball State University 2000 W. University Ave. Muncie, IN 47306800-382-8540 and 765-289-1241