Financial aid is available for graduate school, although competition for the various forms of aid for graduate study is often greater than you may have experienced in your undergraduate program. The most common forms of aid are fellowships, assistantships, grants, and loans. Review UT tips for financing graduate school.
An aid package may consist of a combination of these funding sources:
|Fellowships||Fellowships cover living expenses and often tuition in return for research or work on a project. Fellowships may be single- or multi-year awards and are usually based on an individual’s merit as measured by grades, GRE scores, publications, and letters of recommendation|
|Assistantships||Assistantships are campus-affiliated work assignments (for example, graduate teaching instructor, research associate, or paraprofessional) that provide a stipend and often waive tuition and/or other matriculation fees for a designated number of work hours. Talk with administrators of your individual program about availability of assistantships with your department. Other general assistantships may be available elsewhere on campus, often within student services units. These may or may not relate to your field of study. It is common for students in doctoral programs to hold assistantships for some or all of their time in their program. In research-driven fields, it is more likely for students to be supported by program funds, but in some areas, like law and medicine, students are much less likely to receive assistantships.|
|Grants||Grants are awarded to cover expenses associated with carrying out research or other specific projects, such as expenses for travel, materials, or computers.|
|Loans||Loans are available from the government and from private sources. These are very similar to those you may have applied for during your undergraduate program.|
|Special opportunities for underrepresented and disadvantaged students.||Some institutions offer application-fee waivers and other forms of funding in order to help diversify their student body. Outside scholarships and specialized funding may also be available. If you are part of an underrepresented group, research any special funding options within your chosen program and other outside sources.|