Fully Funded PhD Programs in Economics

Jan 11, 2015 • Views 43,183

Last updated January 4, 2017

Following my article on How To Fully Fund Your PhD, we began a series on fully funded PhD programs in various disciplines. We have many fellowships for doctoral study and dissertation research in the ProFellow database; however, external doctoral fellowships are highly competitive and are usually short-term. Therefore, we recommend researching PhD programs that provide full funding to all incoming PhD students. “Full funding” typically includes full tuition and a stipend for living expenses for the four to six year duration of the student’s doctoral studies. Not all universities provide full funding to their doctoral students, which is why we recommend researching the financial aid offerings of all the potential PhD programs in your academic field, including small and lesser-known schools both in the U.S. and abroad.

To view over 680 professional and academic fellowships, including fellowships for graduate and doctoral study and pre- and post-doctoral research, sign up to view ProFellow’s fellowships database.

Below is a list of universities that offer full funding to all of the admitted students to their PhD programs in Economics:

Cornell University, Department of Economics (Ithaca, NY): Financial aid packages for incoming students are typically guaranteed, given satisfactory performance, through the Spring semester of the fifth year of study. Graduate research and teaching assistantships cover the tuition as well as an academic year stipend and medical insurance.

Harvard University, Department of Economics (Cambridge, MA): Economic students receive full tuition and stipend support while they are enrolled and making satisfactory progress toward the Ph.D. degree.

London School of Economics (London, United Kingdom): All students are fully funded on admission to the programme. Funding includes a tuition fee waiver and a generous bursary. Funding is guaranteed for four years subject to satisfactory academic performance.

New York University, Department of Economics (New York, NY): NYU’s Graduate School of Arts and Sciences provides for full financial aid for every full-time entering Ph.D. student for five years, conditional on satisfactory academic performance. It includes payment of tuition, coverage under an NYU health insurance plan, and an academic-year stipend and a one-time $1,000 start-up stipend award.

University of Virginia, Department of Economics (Charlottesville, VA): Financial assistance to students admitted for Fall 2016 includes $24,000 per year ($20,000 during the academic year, and $4,000 during the summer), along with full tuition remission, and health insurance coverage. The offer is guaranteed for 5 years, conditional on maintaining good standing in the program.

Vanderbilt University, PhD in Law and Economics (Nashville, TN): Students are fully funded by a competitive package of fellowship support covering tuition and stipend for both degrees.

Washington University in St. Louis (St. Louis, MO): Our incoming classes are fully funded, covering tuition and living expenses. We try to provide financial support for our students during most if not all of their time at Washington University.

For application tips on applying to a PhD program, see How To Get Into a Fully Funded PhD Program: Contacting Potential PhD Advisors.

Also, sign up to check our fellowships database to learn about other opportunities to fund graduate and doctoral study.

© Victoria Johnson 2015, all rights reserved.