Unless you are independently wealthy or have
very generous parents you’re probably wondering how you will financially afford
a graduate education. Investigate the following for each school you are
considering:
- What type of and how much financial aid is offered
- The published materials of most schools have general figures about what
percentage of graduate students receive financial aid and how much the average
aid package is
- A large percentage of financial aid for graduate students comes in the form
of research assistants and teaching assistants
- What are your chances of getting financial aid
- You usually won’t know if you’ll be offered aid or how much until you’ve
been accepted
- You can visit your desired campus and talk to actual graduate students in
your department to get a fairly good picture of what kind of aid is available to
someone with your grades and background
- You can try calling the department directly and someone may be able to tell
you what kind of aid you can expect
If you don’t get the aid
package you’re hoping for there’s always the possibility of student loans or
scholarships. But you’ll have to do the math yourself to determine if graduate
school is worth attending without some financial aid from the school.
Financial aid / Scholarship websites
FinAid - This site
contains a comprehensive annotated collection of information about student
financial aid on the web.
Fast Web - This database provides information about 18,000
plus scholarships, grants, fellowships, and loans representing billions of
private sector funding for college students living in the Unites States.
FAFSA - All students wanting
to be considered for federal financial assistance (grants, loans and work-study
programs) must complete this form.