Show Me the Money: Financing Graduate School Education Sibrina Collins, PhD May 12, 2008 EIP/McNair
Overview <ul><li>Masters vs. PhD </li></ul><ul><li>Graduate School Landscape </li></ul><ul><ul><li>Common Phrases and Acro...
Masters vs. PhD <ul><li>Money </li></ul><ul><ul><li>Stipend support is typically offered for PhD programs; far fewer for M...
Graduate School Landscape: Language, Phrases, Acronyms! <ul><li>Degrees </li></ul><ul><ul><li>M.S. =  Master of Science </...
Graduate School Landscape! <ul><li>Who are the Major Players? </li></ul><ul><ul><li>Deans, Department Chairs </li></ul></u...
Show Me the Money! <ul><li>Three Basic Options </li></ul><ul><ul><li>Fellowships and Traineeships </li></ul></ul><ul><ul><...
Show Me the Money <ul><li>Fellowships  or Traineeships </li></ul><ul><ul><li>Awarded on the basis of academic merit </li><...
Show Me the Money! <ul><li>Teaching Assistantships (TAs) </li></ul><ul><ul><li>TAs help institutions teach undergraduate s...
Show Me the Money! <ul><li>Research Assistantships (RAs) </li></ul><ul><ul><li>Most common within the science and engineer...
Loans <ul><li>UW Resources </li></ul><ul><ul><li>http://www.washington.edu/students/sfs/loans/ </li></ul></ul><ul><ul><li>...
Real Example: Me! <ul><li>The Ohio State University </li></ul><ul><ul><li>Department of Chemistry, 1994-2000 </li></ul></u...
Other Funding Tidbits <ul><li>Fellowships, TA and RA appointments are far more common for doctoral students </li></ul><ul>...
Acknowledgements <ul><li>The UW Graduate School </li></ul><ul><li>Dr. Betty Feetham, Associate Dean </li></ul><ul><li>GO-M...
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Show Me the Money: Financing Graduate School Education

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Presentation by Dr. Sibrina Collins during the 2008 McNair/EIP Conference at the University of Washington. To reach Dr. Collins, please visit: Wooster.edu

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Show Me the Money: Financing Graduate School Education

  1. 1. Show Me the Money: Financing Graduate School Education Sibrina Collins, PhD May 12, 2008 EIP/McNair
  2. 2. Overview <ul><li>Masters vs. PhD </li></ul><ul><li>Graduate School Landscape </li></ul><ul><ul><li>Common Phrases and Acronyms </li></ul></ul><ul><ul><li>Who are the Major Players? </li></ul></ul><ul><li>Financing Graduate Education </li></ul><ul><li>Acknowledgments </li></ul>
  3. 3. Masters vs. PhD <ul><li>Money </li></ul><ul><ul><li>Stipend support is typically offered for PhD programs; far fewer for Masters programs </li></ul></ul><ul><li>Research </li></ul><ul><ul><li>PhD programs prepare you to do research; Masters programs offer “hands-on” experience </li></ul></ul><ul><li>Time-to-Degree (Depends on Program) </li></ul><ul><ul><li>Masters, 1-3 years; PhD, 4-6 years or longer </li></ul></ul><ul><li>Check out the Menu: Kinds of Masters Degrees </li></ul><ul><ul><li>In some PhD programs, you earn a Masters degree along the way </li></ul></ul><ul><ul><li>Coursework (non-thesis) MS; MS (thesis-option) </li></ul></ul><ul><li>Earning potential increases!! </li></ul>
  4. 4. Graduate School Landscape: Language, Phrases, Acronyms! <ul><li>Degrees </li></ul><ul><ul><li>M.S. = Master of Science </li></ul></ul><ul><ul><li>M.A. = Master of Arts </li></ul></ul><ul><ul><li>Ph.D. = Doctor of Philosophy </li></ul></ul><ul><li>Examinations </li></ul><ul><ul><li>Cumulative exams (or “cumes”), placement exams, qualifying exams, candidacy examinations (PhD, MS) </li></ul></ul><ul><li>Graduate School Status </li></ul><ul><ul><li>M.S. student, M.S. candidate, Ph.D. student, Ph.D. candidate (A.B.D. = All But Dissertation) </li></ul></ul><ul><ul><li>TA (Teaching Assistant) </li></ul></ul><ul><ul><li>RA (Research Assistant) </li></ul></ul>
  5. 5. Graduate School Landscape! <ul><li>Who are the Major Players? </li></ul><ul><ul><li>Deans, Department Chairs </li></ul></ul><ul><ul><li>Professors (Assistant, Associate, Full Profs, Research Professors; Adjunct Professors) </li></ul></ul><ul><ul><li>Lecturers </li></ul></ul><ul><ul><li>Postdoctoral Researchers </li></ul></ul><ul><ul><li>Laboratory Technicians </li></ul></ul><ul><ul><li>Graduate Students </li></ul></ul>
  6. 6. Show Me the Money! <ul><li>Three Basic Options </li></ul><ul><ul><li>Fellowships and Traineeships </li></ul></ul><ul><ul><li>Teaching and Research Assistantships </li></ul></ul><ul><ul><li>Loans </li></ul></ul><ul><li>Which option is best for you? </li></ul><ul><ul><li>Depends on your program </li></ul></ul>
  7. 7. Show Me the Money <ul><li>Fellowships or Traineeships </li></ul><ul><ul><li>Awarded on the basis of academic merit </li></ul></ul><ul><ul><li>Sometimes portable </li></ul></ul><ul><ul><li>Usually provides payment of tuition and stipend </li></ul></ul><ul><ul><li>Diversity-based fellowships </li></ul></ul><ul><ul><ul><li>Ford Foundation Diversity Fellowships </li></ul></ul></ul><ul><ul><ul><ul><li>Various disciplines (e.g. American Studies, Geography, History, Chemistry, Economics, Ethnic Studies, Sociology) </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Annual Stipend: $20,000 (3-years of support) </li></ul></ul></ul></ul><ul><ul><ul><ul><li>http://www.national-academies.org/fellowships </li></ul></ul></ul></ul><ul><ul><li>Other portable fellowships (NSF, Javits) </li></ul></ul><ul><ul><li>Other funding sources (GFIS database, UW Library) </li></ul></ul>
  8. 8. Show Me the Money! <ul><li>Teaching Assistantships (TAs) </li></ul><ul><ul><li>TAs help institutions teach undergraduate students in return for a salary (may include tuition) </li></ul></ul><ul><ul><li>Duties may include teaching a discussion/recitation course, laboratory course, grading papers, and meeting with students, or teaching your own class </li></ul></ul><ul><ul><li>In addition to TA-ing you still have research responsibilities!!! </li></ul></ul>
  9. 9. Show Me the Money! <ul><li>Research Assistantships (RAs) </li></ul><ul><ul><li>Most common within the science and engineering disciplines </li></ul></ul><ul><ul><li>RAs typically work in laboratories to assist faculty in research projects </li></ul></ul><ul><ul><li>No TA responsibilities, so you can focus solely on research efforts! </li></ul></ul>
  10. 10. Loans <ul><li>UW Resources </li></ul><ul><ul><li>http://www.washington.edu/students/sfs/loans/ </li></ul></ul><ul><ul><li>http://www.washington.edu/students/osfa/graduate/ </li></ul></ul><ul><ul><ul><li>Money management, completing loan paper work, loan consolidation, etc </li></ul></ul></ul><ul><li>Be responsible and take only what you need! </li></ul><ul><ul><li>John Gravois, “Trapped by Education,” The Chronicle of Higher Education (April 6, 2007). </li></ul></ul><ul><ul><ul><li>http://chronicle.com/weekly/v53/i31/31a01001.htm </li></ul></ul></ul>
  11. 11. Real Example: Me! <ul><li>The Ohio State University </li></ul><ul><ul><li>Department of Chemistry, 1994-2000 </li></ul></ul><ul><ul><li>Research efforts focused on inorganic chemistry </li></ul></ul><ul><li>TA Responsibilities for ~4.5 Years </li></ul><ul><li>GEM Fellowship for one year; No TA duties </li></ul>
  12. 12. Other Funding Tidbits <ul><li>Fellowships, TA and RA appointments are far more common for doctoral students </li></ul><ul><li>Some institutions guarantee a certain number of years of financial support; others may not “guarantee” support but may give assurances that TA or RA appointments will be available; all base their decisions on satisfactory progress & performance </li></ul><ul><li>Look at all of your options!! </li></ul>
  13. 13. Acknowledgements <ul><li>The UW Graduate School </li></ul><ul><li>Dr. Betty Feetham, Associate Dean </li></ul><ul><li>GO-MAP Colleagues </li></ul><ul><ul><li>Mr. Cuauhtemoc T. Mexica </li></ul></ul><ul><li>Directors, UW NSF Science & Technology Centers (STCs) </li></ul><ul><li>Clara Sue Kidwell “Graduate School and You: A Guide for Prospective Graduate Students,” Council of Graudate Schools (CGS) </li></ul>

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