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Financial Aid for Graduate Students

H

HamSupLo

Diamond Member
I'll be heading into grad school for my Masters come Sept 2005 and I'll probably have to quit my full time job since it's a full time program. I'm curious how you full time graduate students pay for grad school?

And it's been a while since i filled out that FAFSA thing...anyone know the deadline? I reckon i'll start grad school this fall.
 
Have you contacted the financial aid office at your school yet? That's where I got all the relevant fafsa information, filling it out for the first time this year, myself.
 
Don't most grad schools give you a full ride and a living stipend?

I know I could make $20k a year going to grad school for Chem E. Not bad for grading a few papers.
 
Have you considered becoming a TA or GSI? Positions are usually pretty competitive (they definitely are here at the U-M), but they usually pay a stipend or at least provide some benefits like insurance.
 
Originally posted by: jagec
Don't most grad schools give you a full ride and a living stipend?

I know I could make $20k a year going to grad school for Chem E. Not bad for grading a few papers.
Click to expand...
Going to grad school doesn't necessarily mean you have to teach undergrad sections. Like I said above, at the U-Michigan, grad student instructor posistions are VERY competitive. Probably 10-15% of grad students are GSIs.
 
Actually, I haven't heard from all the schools that I applied to so I don't know what kind of stipends or positions I can apply for right now.
 
can you change your full time job to do part time?

for grad school, you don't get much from financial aids. loan your way
 
I went to grad school on a merit-based fellowship... the fellowship covered my tuition and included monthly stipend for living expenses - I didn't have to grade any papers or teach any classes!! WOOT!

But many of my friends were teaching assistants and/or research assistants - those positions are competitive, but also cover tuition expenses and provide you a stipend/pay in exchange for you grading papers/homework and holding office hours etc. for some undergrad classes.


 
Originally posted by: njmodi
I went to grad school on a merit-based fellowship... the fellowship covered my tuition and included monthly stipend for living expenses - I didn't have to grade any papers or teach any classes!! WOOT!

But many of my friends were teaching assistants and/or research assistants - those positions are competitive, but also cover tuition expenses and provide you a stipend/pay in exchange for you grading papers/homework and holding office hours etc. for some undergrad classes.
Click to expand...
At Umich there's no tuition reimbursement for GSIs; I believe they get a [very small] stipend and insurance/other benefits.
 
I'm in the same boat. I am working full time but plan on going to grad school in September 2005. I'm worried about the cost as well since grad schools ream you real good if you're not working. I'm probably going to go to school part-time and take an extra year so that I can finance part of it.

It's going to be difficult making the FAFSA date because more than likely, you won't get your acceptance/rejection letter before March 1st. It's going to hurt but school loans are the way to go.
 
I'm a grad student at a big-10 university.

I eeked into the program. My grades were good, but not very competitive for the program. For the first semester, I paid with Federal Student Loans.

However, I had meetings with the academic program director. He knew my name and situation, and I think this helped me secure a teaching assistantship. That is currently how I'm paying for school in this, my second semester.

I've since applied for an NSF fellowship - if I were to secure this, I would have my research, classes, and living expenses paid for by the government.

If it doesn't, I may have a good shot of gaining a research assistantship through the connections I've gained within the department.

I would say if you have a brilliant resume, and existing connections within the institution to which you are applying, then you should pretty easily get an assistantship. Otherwise, I recommend that you speak with the program director as ask him/her "What can I do to increase my chances?" Also, ask about fellowships you can apply for.

Of course, you can pay for the whole thing. If you don't mind, then there is nothing wrong with that.
 
depending on the school some PHD/MA programs are a full ride and all you do is a little TAing/research. But for those that don't, FAFSA/grants/fellowships wouldn't hurt to have.
 
FREE Masters 😀 + stipend

both me and my wife ... didnt pay one single penny ... ah .. the land of the free!

at KSU ...
 
Originally posted by: jagec
Don't most grad schools give you a full ride and a living stipend?

I know I could make $20k a year going to grad school for Chem E. Not bad for grading a few papers.
Click to expand...

sounds about right after taxes, the stipends for some of the schools I was interested were around 24- 25k/year , full ride, health, dental, no vision, no parking, 🙁
 
I was not aware that the fafsa date was march 1st... maybe thats for new students b/c the renewal has much more time to it
 
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