Three Great Ways to Get Free Money For Graduate Students

Finding money for graduate students can seem like a hard task at first site. Here are a few things you will need to know before you start your search.

Educational Grants

Grants may be classified as monetary and non-monetary gifts that do not require any repayment by a student. There are many types of grants available from different sources to include government, large businesses, international organizations, and private foundations. Grants may be awarded based on several criteria, such as academic performance, financial need, or professional achievements. Most, if not all, grants require maintaining a certain GPA and full-time student status. Grants may come in different forms, helping a student to cover the cost of tuition, fees, books, research, travel, and some others.

Scholarships for Graduate Students

Scholarships are awards that, similarly to grants, require no repayment to granting institution by a student. Scholarships for students may be based on a wide range of criteria from academic excellence and outstanding achievements to ethnic background and social status. While scholarships vary in the amounts and length, they are all, equally to grants, highly competitive and require a lot of effort to obtain.

Scholarships come from a variety of sources, from government to private. Many schools, especially private universities, issue scholarships to most talented students. Contacting your school for a list of available scholarships is the best starting point for any graduate student seeking free help with funding his or her graduate degree. There is an array of other sources, however, besides university you attend, that offers scholarship search and assistance. A comprehensive online search may help you to come up with a solid list of scholarships for graduate students.