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.
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, PhD in Finance (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.
University of Pennsylvania Wharton School of Business, PhD in Applied Economics (Philadelphia, PA): All admitted Wharton doctoral students are provided guaranteed funding for five years that covers the cost of tuition, fees, health insurance, and provides a stipend. In contrast with other top Economics PhD programs, we only require one semester of teaching assistant work during the third year of the program, and one semester of research or teaching assistant work during the fourth year.
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.
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.