How to Fully Fund Your Master’s Degree

Feb 09, 2021 • Views -
The University of Mississippi funds many of their Master’s students

By ProFellow Founder, Dr. Vicki Johnson

Last updated March 26, 2021

Early in my career, when I first began looking into master’s and PhD programs to advance in my career, I wasn’t aware that many universities offer full funding for their graduate students–including those working on a master’s degree. A “full funding” package normally includes partial or full tuition remission and an annual stipend for living expenses for the duration of the student’s studies. In most cases, full funding comes in the form of a Graduate Research or Teaching Assistant, which is a part-time employment opportunity with the university that provides an hourly salary (the stipend) and the benefit of tuition remission.  The job responsibilities of an Assistantship are typically complementary to students’ research and studies and provides them with valuable work experience for their resumes.

In most cases, finding and entering a master’s program offering Assistantships to all or most incoming students is easier than winning a competitive external fellowship or scholarship (although those external awards are certainly worth applying for!) When considering a master’s degree, research all the potential programs in your academic field, including small and lesser-known schools both in the U.S. and abroad, and ask the admissions office about their funding options and if they offer Assistantships to master’s students. This may have a major impact on the schools you consider applying to.

One thing to keep in mind is that an Assistantship stipend may be substantially less than what you are earning in the private sector. Yearly stipends normally range from $15,000 – $45,000 USD per year. Small cities and towns have lower costs of living, so another major factor in your consideration should be location.

The ProFellow database for graduate and doctoral study also spotlights external funding opportunities for graduate school, including dissertation research, fieldwork, language study, and summer work experiences.

Below are links to my ongoing series of articles on fully-funded master’s programs (these articles are regularly updated).

Would you like to receive the full list of more than 1000+ fully funded master’s and PhD programs? Get your copy of ProFellow’s FREE Directory of Fully Funded Graduate Programs and Full Funding Awards here!

We are pleased to share our lists of fully funded master’s programs by discipline:

Fully Funded Master’s in Anthropology Programs
Fully Funded Master’s in Biology Programs
Fully Funded Master’s in Chemistry Programs
Fully Funded MFA Programs in Creative Writing
Fully Funded Master’s Programs in Education
Fully Funded Master’s in English Programs
Fully Funded MA and MFA Programs in Graphic Design
Fully Funded Master’s in History Programs
Fully Funded Master’s in Math Programs
Fully Funded Master’s in Modern Languages Programs
Fully Funded Master’s in Philosophy Programs
Fully Funded Master’s in Psychology Programs
Fully Funded Master’s in Public Health and Global Health Programs
Fully Funded Master’s in Religion and Theology Programs
Fully Funded Master’s in Social Work Programs
Fully Funded Master’s in Statistics Programs
Fully Funded MFA Programs in Studio Art and Visual Art
Fully Funded MBA Alternatives: Graduate Degrees and Fellowships

Fellowships to fund a master’s degree:

Fellowships to Fully Fund a Master’s Degree
Full Scholarships and Fully Funded Master’s Programs in the U.S. and Abroad
Full Tuition MPP and MPA Fellowships and Scholarships
Full Tuition MBA Fellowships and Scholarships

For application tips and more information, see:

What You Need to Know About Graduate School Fellowships and Scholarships
Master’s or PhD? My Advice – Follow the Funding
5 Reasons Why You Should Not Pay for Graduate School Out of Pocket

Looking for fully funded PhD programs by discipline? Don’t miss: How to Fully Fund Your PhD

With or without full funding, graduate students are encouraged to apply for fellowships. Sign up to check out our fellowships database to learn about other opportunities to fund graduate and doctoral study.

Dr. Vicki Johnson Headshot

Dr. Vicki Johnson is Founder and CEO of ProFellow, the world’s leading online resource for professional and academic fellowships. She is a four-time fellow, top Ph.D. scholar, Fulbright recipient and an award-winning social entrepreneur. She is the Creator and Director of Fully Funded, an award-winning online course and mentorship program for graduate school applicants seeking to find and win full funding. 

Download ProFellow’s FREE Directory of Fully Funded Graduate Programs and Full Funding Awards here.  

© Victoria Johnson / ProFellow, LLC 2013-2021, all rights reserved.

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