Many college students know that they want to pursue a master's degree right after receiving their bachelor's degree even before completing their undergraduate education. Some individuals test the real world for a while before deciding to come back. Either way, many organizations and foundations offer grants to students pursuing a master's degree of study. Most grant-funding organizations limit their applicants to certain fields of study.
American Association of University Women
The American Association of University Women offers various grant and scholarship programs to women who want to pursue a master's degree in a wide range of collegiate disciplines. As of July 2011, the AAUW plans to grant more than $3.6 million in financial aid in 230 different grant and fellowship programs. AAUW offers five different grant programs to collegiate women, including the Selected Professions fellowship program. This program, which seeks to aid women pursuing a master's degree in a field typically underrepresented by women, awarded 21 fellowships totaling about $350,000 to women studying in various engineering fields.
Pell Grants
The U.S. Department of Education offers Pell Grants as part of a student's federal financial aid package for secondary education. Pell Grants are typically only available to undergraduate students pursuing a bachelor's degree, but graduate and postsecondary students can be eligible for these grants by filing the Free Application for Federal Student Aid. To qualify for a master's degree Pell Grant, a student must be enrolled in a course of study leading towards a teaching license or certification. As of July 2011, the maximum Pell Grant award was $5,550 per student.
GEM Fellowships
The National GEM Consortium is an industrial organization in science and engineering which offers fellowship programs to support underrepresented ethnic minorities pursuing graduate studies in related fields. Minority students attending a GEM member university toward a master's degree in a science or engineering field can apply for GEM's Portable Fellowship program. This program covers tuition costs for a student who is expected to complete his master's degree coursework within four semesters. Students must apply to at least three different GEM member schools to be eligible for Portable Fellowship grant funding.
Harry S. Truman Scholarship Foundation
College juniors who are interested in pursuing a master's degree in preparation for a career in public service may be eligible to receive grant funding through the Harry S. Truman Scholarship Foundation. This scholarship opportunity awards a graduate student up to $30,000 to pursue studies leading up to a master's degree. Fields of study which have qualified for the Harry S. Truman Scholarship in the past include agriculture, engineering, environmental management, economics, education and government. Eligible candidates must be nominated by a Truman Scholarship faculty representative currently working at the student's college or university.
EFWA Master's Scholarship
The Educational Foundation for Women in Accounting offers seven different grant and scholarship opportunities for women who are pursuing an education in a field of study related to accounting. Women returning to a university to pursue a master's degree in accounting may be eligible for the EFWA's Master's Scholarship program. This scholarship offers $1,000 to a woman enrolled in a master's degree program and who demonstrates both an aptitude for business as well as financial need.
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