Funding graduate & professional school

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. An aid package may consist of a combination of these funding sources.

How this helps you

Paying for graduate school is rarely a single source. Most students build a package from several types of funding. This page breaks down the main options: fellowships, assistantships, grants, loans, scholarships, and employer tuition assistance and how each works. You’ll also find a curated list of places to search, including UT’s own Graduate School funding resources, and a path to talk through your options with a Career Coach.

Forms of funding

Most students combine several sources into one aid package from the following 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 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 the availability of assistantships with your department. Other general assistantships may be available elsewhere on campus, often within student services units, and may or may not relate to your field of study.

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.

Scholarships

Many colleges and academic departments may offer scholarships. Scholarship opportunities typically have qualifications. Check with financial aid or the department for more information.

Tuition assistance or reimbursement

Some employers offer opportunities for you to continue your graduate education. Tuition assistance is money the employer pays for your tuition as long as you meet certain qualifications. Tuition reimbursement requires that you invest in your education upfront, and the employer will reimburse your expenses.

Start with your target program’s website, then explore UT’s Graduate School funding resources, federal aid, and scholarship databases to build a complete picture.

UT resources

National search tools

  • FastWeb and Scholarships.com: large free scholarship-search databases, registration required.
  • FinAid: a comprehensive annotated guide to student financial aid.
  • GradSchools.com: Financial Aid: information on aid programs, loans, assistantships, fellowships, and scholarships for graduate study.

Do this next

Funding graduate school takes planning, and the earlier you start, the more options you’ll have. Make an appointment or visit Being a Competitive Applicant to make sure your candidacy is as strong as your funding plan.

Career Coaching & Education


Center for Career Development & Academic Exploration

201 Student Union, 1502 Cumberland Ave, Knoxville, TN 37996

865-974-5435