TYPES OF FINANCIAL AID AVAILABLE FOR GRADUATE STUDY:
Fellowships - The equivalent of a scholarship, it is
usually a monetary award given on the basis of scholastic record.
Fellowships are derived from the institution's own monies or it may be
sponsored by private foundations, industry, or government agencies. For
more information, contact the institution of your choice.
Assistantships - Awarded by individual departments, assistantships
usually require working 10‑20 hours per week and involve grading,
part‑time teaching, research or departmental jobs. Applications are
provided by the individual department or program.
Resident Assistantships - Some schools have programs whereby
graduate students work as assistants in residence halls. You might
contact the school's Director of Residence Life about such
Long-term Educational Loans - Most institutions have loan programs
for which graduate students may be eligible. Such programs include the
National Direct Student Loan Program, the Federally Insured Loan
Program, and private/state sponsored Guaranteed Student Loan Programs.
Federal Work-Study Program - Eligible students are provided
part‑time employment during the academic year and full/part‑time
employment during the summer.
Other Employment - Some schools have arrangements with neighboring
industries whereby a student might be utilized for research or
consultation. Obtain information from the institution that you attend.
Don't limit your thinking to any one type of financial assistance. Look
at a combination of them when working out your financial program. Always
talk to the Financial Aid department at the school to find about their
specific programs and how to apply.