About a billion dollars of fellowships are awarded each year to help graduate students pay for graduate school, especially students enrolled in Ph.D. programs. While there are fewer fellowships than scholarships, the average fellowship usually offers much more money than the typical scholarship.
Teaching and research assistantships provide a full- or partial-tuition waiver along with a small living stipend in exchange for a graduate student performing teaching or research duties. Assistantships are common ways to pay for a doctoral degree.
Most free scholarship matching services also include graduate fellowships in their award databases. The scholarship search tools will match students with fellowships instead of scholarships based on the student’s academic year in school.
Fellowships are like scholarships, but are used to pay for graduate school instead of undergraduate school. Many fellowships are available for graduate students in science, mathematics, engineering, and the arts and humanities. There are also several prestigious fellowships for international study.
PrivateStudentLoans.com recommends you consider all financial aid alternatives including grants, scholarships and federal loans
(Federal Stafford, Federal Parent PLUS, Federal Grad PLUS) prior to applying for private student loans.