How to Pay for Graduate School | Sallie Mae
How to Pay for Graduate School | Sallie Mae

How to Pay for Graduate School | Sallie Mae

Graduate school-based fellowships, assistantships, and scholarships
Many schools offer fellowships, assistantships, grants, and scholarships for their graduate students. Grants are normally need-based while scholarships may be need- or merit-based.3 Graduate fellowships and assistantships are broadly merit-based, so if you graduated from college with a senior high school GPA, you may qualify for one .
Assistantships for calibrate students can be research-based ( RA ) or teaching-based ( TA ). Both roles may include tutelage remission, which means the educate will pay for you to attend. They besides may give you a living stipend to help pay for food and rent. In exchange, graduate students broadly work 15 – 20 hours for a professor on campus, either assisting with research or helping teach a class. You may besides have the option to work as a graduate resident assistant ( GRA ). This character may offer you spare room and board on campus and a stipend, which will cut down on your life costs. In rejoinder, you work part-time in an on-campus residence hall, normally with undergraduates .
Graduate fellowships are like assistantships, but don ’ metric ton want you to work on campus for a plant issue of hours. A fellowship may include tutelage remission and/or a live stipend .
Schools offer unlike alumnus assistantship, scholarship, and company programs with different ways to apply. You may need to fill out a offprint lotion or complete an test to qualify. Check the websites of the schools you ’ ra applying to or talk to their department heads to find out more.

Reading: How to Pay for Graduate School | Sallie Mae

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Other fellowships and scholarships
Depending on your area, you may be eligible for graduate fellowships, grants, and scholarships that aren ’ deoxythymidine monophosphate associated with your school ( sometimes called “ outside ” scholarships or fellowships on college websites ) .
Organizations like the National Science Foundation, Woodrow Wilson National Fellowship Foundation, and others offer fellowships to graduate students. These fellowships are normally awarded to outstanding students in their field of study, and give them a typeset amount of money to cover the price of tutelage and/or exist expenses .
professional associations related to your field besides may offer grants and scholarships to graduate students, or have the resources to help you find them. For exercise, the American Economic Association offers information on fund for professionals and students. You can search for more graduate school scholarships for free using our Scholarship Search cock .
Ask department heads for more information on what fellowships, scholarships, and grants have helped previous alumnus students.

Learn more about finding graduate scholarships and grants and fellowships .

2. Explore federal scholar loans

After you ’ ve researched scholarships and assistantships, you may be able to receive federal fiscal care for your alumnus degree through the Free Application for Federal Student Aid ( FAFSA® ). You could be eligible for the follow :

  • Federal Direct Unsubsidized Loans:  These loans ( sometimes referred to as “ Stafford Loans ” ) have a fixed-interest rate and are unsubsidized, which means you ’ ra responsible for paying all the interest on these loans .
  • Federal Direct Graduate PLUS Loans: Direct Graduate PLUS Loans are credit-based and have a higher fixed-interest rate than Federal Direct Loans.
  • School-funded aid: Your school may offer extra fiscal aid, including federal Work-Study positions that enable students to work on campus part-time to help pay for living expenses. The type of aid available will vary, and you may need to apply for it individually. Check with your school ’ s fiscal help function to learn more.4
  • State aid: You may besides get state aid. When you fill out your FAFSA application, you ’ ll get more information on whether calibrate scholar aid is available in your state. You can besides check your state of matter ’ s web site for opportunities.5
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Learn more about applying for fiscal aid for calibrate students .

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