Scholarships for Master's Degrees

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Can You Get Scholarships for Master’s Degrees?

If you are heading to grad school, there are a wide range of master’s scholarships available. Scholarships for master’s degrees may help you go to graduate school for free. Or 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 get. But don't have to pay back. As long as you abide by the terms and conditions.

Is it hard to get scholarships for graduate school?

Grad school scholarships come with their own criteria for eligibility. Getting a scholarship that helps pay for your master’s degree may require:

  • Merit (E.g. academic talents, athletic ability, creativity)
  • Financial need
  • 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 scholarships that fund grad students of a certain group. Like 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 Master’s Scholarships?

As a graduate student, getting a 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 2017-18 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.

Top Graduate School Scholarships for 2019

Where can I get scholarships for grad school? These top scholarships for master’s degrees may be perfect options. Apply to as many grad school scholarships as you are eligible for. This may increase your chances of getting one.

Stephen K. Hall ACWA Water Law and Policy Scholarship

The Stephen K. Hall ACWA Water Law and Policy Scholarship awards is available for a qualified graduate student attending an accredited, public or private U.S. college pursuing a graduate degree (Master’s, PhD, or Law School) in water law, water policy or public administration with a demonstrated concentration in the field of water resources.

Total: $10000 Awards:  1
Deadline:  March 1

Goldman Sachs MBA Fellowship

The Goldman Sachs MBA Fellowship is available for First-year MBA students who are African American, Hispanic/Latino, Native American or women.

Total: $35000 Awards:  10
Deadline:  March 29

Vercille Voss Scholarship

This award is available for U.S. college graduate students who are majoring in interior design or a related field. Students must be IFDA graduate student members.

Total: $2000 Awards:  1
Deadline:  March 31

Chartway Federal Credit Union Directors’ Memorial Scholarship

Total: $21000 Awards:  7
Deadline:  March 31

LeverEdge $1,000 Scholarship

Total: $1000 Awards:  1
Deadline:  March 31

Salix Gastrointestinal Health Scholars Program

Total: $100000 Awards:  10
Deadline:  April 2

Peterson’s Graduate Scholarship

Peterson’s is an educational services company dedicated to furthering education after high school and beyond. The Peterson’s Graduate Scholarship is open to anyone at least 18 years of age high school graduate who is pursuing a graduate degree.

Total: $2500 Awards:  1
Deadline:  July 31

Dixie Belle Paint Company Scholarship

Total: $3500 Awards:  3
Deadline:  July 31

Children of a Non-Traditional Family Scholarship

The Children of a Non-Traditional Family Scholarship is provided annually to current undergraduate or graduate students who grew up in a non-traditional household.

Total: $1000 Awards:  1
Deadline:  August 31

Big Data Science & Analytics Scholarship

The scholarship is not transferable. The scholarship may be awarded to an alternate candidate if the scholarship notification is not acknowledged within 14 days of the notification date.

Total: $2000 Awards:  2
Deadline:  September 1