In addition to scholarships, graduate students often seek grants, fellowships and assistantships, especially in high-demand fields such as nursing or teaching. Like scholarships, college-based awards such as grants, fellowships and assistantships do not need to be repaid. This type of financial aid is usually very focused on specific areas of study, so be sure to target your search according to your graduate study plans. Grants for graduate school students typically originate with organizations, colleges and universities looking for students in a particular area of study. Grant programs devoted to minority graduate school students also exist, especially for those who are studying in industries typically underrepresented by minorities.

Traditional grant and fellowship opportunities are available to graduate school students interested in being teaching assistants or pursuing research. Teaching assistantships offer students the chance to save some money on graduate school tuition while cultivating their teaching skills, especially important for students pursuing master’s degrees in education. In addition to covering tuition, health insurance, and a stipend, the TA position offers students a deeper understanding of their chosen major and reflects positively on a candidate during the job search.

In addition, research fellowships from your graduate school and from organizations in your field of study provide a generous amount of funding, especially in industries where research is important. If you’re interested in improving the research base of your chosen field and want to shave money off of your graduate school tuition costs, consider research fellowships.

Be aware that grants, fellowships and assistantships aren’t available to everyone, and don’t always cover living expenses for graduate students.

Keep reading: Understanding Graduate School Loans