The University of California-Santa Barbara offers a fully funded PhD in Economics. The PhD Program at UC Santa Barbara is designed for students interested in pursuing advanced study and conducting original research in economics. Completing the Ph.D. program will take on average five to six years. The Department expects to offer a full financial aid package to all accepted Ph.D. students, which will cover full tuition, health insurance, and a stipend. Financial aid packages, which are a combination of Teaching Assistantships and fellowship money, are guaranteed for five years for students making satisfactory progress.