Scholarships, Fellowships and Grants

Most engineering scholarships and fellowships are offered through professional societies. Awards, therefore, are dependent on the funding and support these organizations receive. For the most part, aid received through scholarship and fellowship opportunities do not have to be repaid. In rare cases, students who receive funding from professional organizations may be required to repay the funds if they do not complete their degree programs. This doesn’t happen often; when it does, the fear of the funding turning into a loan should not dissuade you from applying.

Below, you’ll find our curated list of the 20 best scholarships and fellowships available to students pursuing their master’s in engineering. The application processes and requirement for many of them are very detailed, so be sure to read the linked sites carefully before applying. Most, if not all, of the opportunities require students to be enrolled in an ABET-accredited program or school.

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  • Scholarships

NASA Graduate Aeronautics Scholarship Program

Amount
up to $91,000
Deadline
March 31, 2016

NASA’s Office of Education offers this scholarship opportunity to graduate students pursuing degrees in aerospace or aeronautics engineering degrees or a related field. Five master’s candidates enrolled at an accredited school are selected to receive up to $11,000 to go towards tuition and a $35,000 stipend per academic year for the two years of master’s studies. Recipients also participate in a 10-week, summer internship at one of NASA’s research centers, for which they receive a stipend of up to $10,000. Applicants must submit a letter of intent to apply, official transcripts, three letters of recommendations, curriculum vitae and GRE scores.

WAAIME Scholarship

Amount
Varies
Deadline
December 1, 2016

Full-time students in an earth science degree program that focuses on minerals, at a school accredited by ABET, may be eligible for the Woman’s Auxiliary to the American Institute of Mining, Metallurgical, and Petroleum Engineers (WAAIME) scholarship. This award is open to any qualifying student who is a member of one of the AIME societies. The scholarship funds two years of study, and recipients may qualify for a third year at the discretion of the WAAIME Executive Committee. Priority is given to undergraduates, but master’s students are still eligible to apply.

Optics and Photonics Education Scholarship

Amount
$2,000-$11,000
Deadline
February 15, 2016

This merit-based scholarship is awarded by SPIE to students in pursuit of a degree in a field related to photonics, optoelectronics, imaging or optics. Applicants must be enrolled at an accredited school at the time of receipt of the award, and they must obtain two letters of recommendation from non-family members when they apply.

Science, Mathematics And Research for Transformation (SMART) Scholarship

Amount
$25,000-$38,000
Deadline
December 2015

The Department of Defense offers this scholarship and employment opportunity to students who are enrolled, or who will enroll, in a science or engineering program at an accredited U.S. school. Applicants must be U.S. citizens in good academic standing; they must be willing and able to work with the DoD as summer interns and in post-graduation, civilian roles. Along with an internship and a job, those selected for this award receive full tuition coverage; a stipend of $25,000 – $38,000, depending on length and type of degree; allowances for health insurance and supplies; and mentoring. Students who receive this award but who fail to complete their program of study are required to repay the funds they used. The application is scheduled to reopen in August 2015.

Society of Women Engineers Scholarships

Amount
Varies
Deadline
May 2016

Scholarships available through SWE are open to women only. In order to be eligible for most of the funding opportunities, applicants must be enrolled in an accredited engineering program as a full-time student with at least one more year of study remaining. Students interested in these awards cannot be fully funded by another scholarship, fellowship or their schools; they may qualify for need-based aid depending on their FAFSA.

Professional Engineers in Government Management Fellowship

Amount
$2,500
Deadline
March 2016

Those interested in the National Society of Professional Engineers/Professional Engineers in Government (NSPE/PEG) fellowship should either be an intern in an engineering field or a licensed professional. They should also be enrolled in an engineering management master’s program, or an MBA program that focuses on an engineering field. Applicants within the U.S. are not required to have NSPE or PEG membership, though those with either credential are given more weight than those without. The review committee looks at undergraduate GPA, professional and community activities, a personal essay and society membership when considering recipients for this award.

National Science Foundation's Graduate Research Fellowship Program

Amount
$32,000
Deadline
October 2016

The National Science Foundation, in an effort to support and promote scientific research, created this fellowship program to support graduate students pursuing research-based degrees at accredited schools in the United States. Applicants must be U.S. citizens, nationals or permanent residents. They must be enrolled in a graduate program, but they must not have completed more than a year of graduate study. Those who already have a master’s degree are ineligible. Recipients of this award are given a $32,000 annual stipend for up to three years, and $12,000 is sent directly to their schools to pay for tuition and fees.

308 Scholarships match your search
Renewable
Minimum GPA

Verne R. Dapp Memorial Scholarship

Deadline
February 1
Renewable
No

Applicant must be a U.S. citizen or permanent resident enrolled in a course of study relating to a degree in nuclear science and technology. Applicant must be sponsored by an ANS local section, division, student branch, committee member or organization member.

Samuel Fletcher Tapman ASCE Student Chapter/Club Scholarship

Deadline
February 9
Renewable
Yes

Applicant must be an ASCE National Student Member; not more than two applications per student chapter may be submitted. Selection is based upon the appraisal of the applicant's justification of the award, educational plan, academic performance and standing, potential for development, leadership capacity, and financial need.

ANS Graduate Scholarship

Deadline
February 1
Renewable
No

Applicant must be a U.S. citizen or permanent resident enrolled in a course of study relating to a degree in nuclear science and technology. Applicant must be sponsored by an ANS local section, division, student branch, committee member or organization member.

John and Muriel Landis Scholarship

Deadline
February 1
Renewable
No

Applicant must be a U.S. citizen or permanent resident with greater than average financial need enrolled in a U.S. institution. Minority and female applicants are encouraged to apply; however, selection is without regard to race, creed, or sex. Applicant must be sponsored by an ANS local section, division, student branch, committee member, or organization member.

John R. Lamarsh Memorial Scholarship

Deadline
February 1
Renewable
No

Applicant must be a U.S. citizen or permanent resident enrolled in a course of study relating to a degree in nuclear science and technology. Applicant must be sponsored by an ANS local section, division, student branch, committee member or organization member.

Joseph R. Dietrich Memorial Scholarship

Deadline
February 1
Renewable
No

Applicant must be a U.S. citizen or permanent resident enrolled in a U.S. institution and must be sponsored by an ANS local section, division, student branch, committee member, or organization member.

Robert A. Dannels Memorial Scholarship

Deadline
February 1
Renewable
No

Applicant must be a U.S. citizen or permanent resident enrolled in a course of study relating to a degree in nuclear science and technology. Applicant must be sponsored by an ANS local section, division, student branch, committee member or organization member. Handicapped persons are encouraged to apply.

ANS Sophomore Undergraduate Scholarship

Deadline
February 1
Renewable
No

Applicant must be a U.S. citizen or permanent resident enrolled in a U.S. institution and must be sponsored by an ANS local section, division, student branch, committee, member, or organization member.

B. Charles Tiney Memorial ASCE Student Chapter/Club Scholarship

Deadline
March 1
Renewable
No

Applicant must be an ASCE National Student Member in good standing and demonstrate financial need. Selection is based upon appraisal of applicant's justification, educational plans, academic performance, potential for development, leadership, and financial need.

Arthur S. Tuttle Memorial Scholarship

Deadline
February 9
Renewable
No

Applicant must be a member in good standing of the National ASCE pursuing masters-level study. Selection is based upon appraisal of applicant's justification, educational plan, academic performance and standing, potential for development, leadership capacity, and financial need.

Operations and Power Division (OPD) Scholarship

Deadline
February 1
Renewable
No

Applicant must be a U.S. citizen or permanent resident enrolled in a course of study relating to a degree in nuclear science and technology. Applicant must be sponsored by an ANS local section, division, student branch, committee member or organization member.

Dwight D. Gardner Scholarship

Deadline
November 15
Renewable
No

Applicant must be an active IIE member, be enrolled full time, and have a minimum 3.4 GPA. Selection is based upon scholastic ability, character, leadership, potential service to the profession, and financial need.

ANS Delayed Education for Women Scholarship

Deadline
February 1
Renewable
No

Applicant must be a woman, must have experienced at least a one-year delay or interruption in undergraduate studies, be entering a four-year curriculum at a U.S. institution, be a U.S. citizen or permanent resident, and have proven academic ability. Applicant must demonstrate financial need, and must be sponsored by an ANS local section, division, student branch, committee, member, or organization member.

Engineering Excellence Scholarship

Deadline
February 1
Renewable
Yes

Applicant must be an engineering student. Minimum composite ACT score of 30 (combined SAT Reasoning score of 1320) required.

Alexander S. Langsdorf Fellowship

Deadline
January 15
Renewable
Yes

Selection is based upon academic merit.

Minority Biomedical Research Support (MBRS) Scholarship

Deadline
None
Renewable
Yes

Applicant must be a U.S. citizen or have a permanent visa, have a minimum undergraduate GPA of 2.7 or minimum graduate GPA of 3.0, and make a commitment to a career in biomedical research.

West Crawford Jordan, Jr. Scholarship

Deadline
January 15
Renewable
Yes

Applicant must be a full-time engineering student who is a resident of Shelby County, Tenn., and demonstrates financial need.

Martin Marietta Corp. Scholarship

Deadline
January 15
Renewable
No

Applicant must be a full-time engineering student who is a resident of Shelby County, Tenn., and demonstrates financial need.

Andersen Consulting Engineering Scholarship

Deadline
January 15
Renewable
Yes

Applicant must have demonstrated academic achievement and service to fellow man through participation in extracurricular activities, community projects or the Co-op program. Preference is given to applicants who are U.S. citizens, have a minimum 3.25 GPA, and demonstrate leadership and ambition to achieve a college education.

Minority Engineering Scholarship

Deadline
January 15
Renewable
Yes

Applicant must be an African-American student with a minimum 3.0 GPA, minimum composite ACT score of 23 (combined SAT I score of 940), and at least 3.5 units of mathematics. Selection is based upon merit.

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Loans

The most common loans available to graduate students are Federal Loans that are determined and awarded after completing the FAFSA. The percentage rate on these is often higher than those for undergraduates, and they begin to accrue interest as soon as the money is disbursed to the colleges and universities. Graduate students may want to look into private loans. Often, the interest rates on these are lower, but they are tied more to your credit rate than they are to need.

The American Society of Mechanical Engineers offer student members an auxiliary loan. These $5,000 maximum loans can be applied for at any time during the school year, and they are interest free until graduation.

The table below details how loans work for students who want to pursue their master’s degrees.

Loan Comparison Chart

Stafford
Eligibility Requirements No previous federal loan defaults; Must attend school at least half time
FAFSA Yes
Credit Check No
Amount Available Up to $20,500/year; $138,500 for entirety of degree
Interest Rates Tied to 10-year treasury note + 3.6%; Maximum of 9.5%
Fixed Rate/Subsidized Yes/No
Repayment 6 months after leaving school
Income-based repayment Yes
Forgiveness After 20-25 years; 10 years for public servants
Graduate Plus
Eligibility Requirements Must attend school at least half time; acceptable credit
FAFSA Yes
Credit Check Yes
Amount Available Full cost of graduate study, including living expenses
Interest Rates Tied to 10-year treasury note + 4.6%; maximum of 10.5%
Fixed Rate/Subsidized Yes/No
Repayment Deferred until 6 months after school or after attendance drops below half time
Income-based repayment Yes
Forgiveness After 10 years if employed in nonprofit or government
Perkins
Eligibility Requirements Must qualify as low-income student; income cut-off varies by school
FAFSA Yes
Credit Check No
Amount Available $8,000/year; varies according to college
Interest Rates 5%
Fixed Rate/Subsidized Yes/Yes
Repayment 9 months after leaving school
Income-based repayment Yes
Forgiveness Various Cases
Private
Eligibility Requirements Based on credit
FAFSA No
Credit Check Yes
Amount Available Varies
Interest Rates Varies
Fixed Rate/Subsidized No/No (Usually)
Repayment Immediately (Generally)
Income-based repayment No
Forgiveness No

Teacher, Graduate or Research Assistant Jobs

The availability of these positions, and the benefits of working as a TA or RA, vary by school. In general, TA and RA jobs provide graduate students with a weekly, monthly or term-based stipend and a tuition break. Students who pursue this option are usually tasked with grading papers, helping to prepare classes and conducting research alongside their professors. These positions are usually part-time, and must be completed in conjunction with regular coursework.