Financial aid makes it possible for students who cannot meet full costs-tuition, room and board, and transportation to and from school, books, and personal expenses-to attend the school of their choice. Financial aid is available in the form of fellowships, teaching and research assistantships, and loans.

Fellowships

National Fellowships - are available from public and private agencies. Be sure to apply for these fellowships early.

University Fellowships - most universities will award fellowships on the basis of merit and department recommendation. These fellowships usually cover tuition and provide a stipend.

Assistantships - are usually sponsored by the institution to which you are applying. Application deadlines are often earlier than for normal admission. These assistantships are limited in number, so apply early.

Teaching Assistantships - usually provide full or partial tuition benefits for teaching undergraduate courses, grading papers, compiling bibliographies, leading a discussion section, or monitoring laboratories. This is an excellent way for those interested in a teaching career to gain experience.

Research Assistantships - are available in the sciences. Students assist faculty with their research projects and receive tuition benefits and frequently a stipend for living expenses.

Loans

Federal Stafford Loans - are offered to U.S. citizens or permanent residents who are enrolled at least half-time in a regular degree program and who are making satisfactory academic progress according to standards set by the graduate division. These are low interest loans made to you by a lender such as a credit union or bank.

Federal Perkins Loans - are granted on a need basis by the university.

Federal Work Study - is a federally sponsored part-time employment program. Positions are usually on campus in one of the university's many departments, but may also be in the nearby community.

Identifying Other Sources

The best sources of information on financial aid are the universities you are hoping to attend. Also, you may find funding sources on the Web. Following are four major sources of information about fellowships and grants.

FastWeb - is a free searchable database that allows students to establish a mailbox where fellowship listings are sent periodically.

The Financial Aid Information Page - this free guide includes a plethora of information for all students, regardless of discipline, and also includes several free fellowship databases.

 

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