There are several approaches to finding scholarships and money for grad school. This article gives you three tips for finding money in unexpected places.

Get the tips you need to succeed

We know you’re busy, so we're here to take the guesswork out of financial aid, college applications, and how to survive college life. And best of all, it’s free!

Get exclusive test prep info now!

Since score matters, sign up and get our proven test prep tips & 40% off our test prep books. And best of all, it's free!

Petersons Free PSAT Sample Test
Free Sample PSAT® Test Questions & Answers

The PSAT® test is right around the corner. Our FREE sample questions give you a peek into the type of questions you can expect to see on the test.

Get Started

Attending graduate school can most definitely make a positive impact on your future or current career. It is also very expensive and can lead to massive student loans. Students therefore are always looking for funding sources to help pay for college that they don't need to pay back. Taking some time now to research your options can save you tens of thousands of dollars of future student loan payments. Here are some places to consider when researching scholarships and funding grad school.

  • Check with your current employer – Many companies offer some level of tuition reimbursement or assistance. This can be a great source of funding. This is especially true if your employment is somehow related to your field of study. Many employers offer tuition assistance only if the field of study has some relationship to the job you are currently doing or the industry you are currently in. There may be requirements that you maintain a certain grade average. In many cases, you may not get the funding until after you have taken those classes and can show your final grade for the class. This means that you may be using your tuition assistance from your employer to pay back some of the loan amount you used to pay for the class.
  • Some schools offer fellowships, assistantships or their own scholarship for their graduate programs - Be sure to discuss your financial aid needs extensively with your prospective graduate schools. The schools themselves can be the greatest source of college funding. Some schools offer fellowships, which can involve a partial or complete tuition waiver, sometimes in exchange for a commitment to aid in research for the school. Assistantships are similar. They provide a partial or complete tuition waver, in exchange for assisting school faculty with research or teaching. In addition to this, most schools offer some level of scholarship assistance. It's very important to understand all of the financial aid offered by all of the schools you are interested in attending, so that you understand the actual cost of attending that school. A school with a higher tuition might actually end up cheaper than other schools because of the financial aid packages they offer.
  • Search for Scholarships in the same places you searched for your undergrad degree – Yes, unfortunately this means filling out more long scholarship applications and writing more essays. There are several websites to help you search for potential scholarships. Research service clubs in your area, such as the Lions, Rotary and Freemasons to see what kinds of scholarships they offer. Check with businesses in your area – especially those that are in your field of study – and see if they offer any scholarship opportunities.

Researching and finding scholarships and other ways to help pay for college can be very tedious and time-consuming. Yet for many students it's important to spend that time and do that research. Grad school can certainly help you go farther in your future career. For many, it is a necessity for their particular career path. Yet student loans, next to home purchases, tend to be the biggest expense of young people entering the workforce. It's worth some time and effort now to reduce those future student loans.

Peterson's is YOUR guide to college information
Get exclusive information on schools, scholarships, and test prep

Log in to Peterson's

Forgot your password?

To reset your password, simply enter your email address in the field below and click the Reset Password button. You will receive an email with a link and instructions to reset your password.

Check your email

Please check your email and click on the link provided in the message to reset your password.


I certify that I am the subscriber to the provided cellular or other wireless number and I authorize {{SchoolName}} and its representatives and agents to contact me regarding educational opportunities at any current and future numbers that I provide for my cellular telephone or other wireless device using automatic dialing systems, artificial or prerecorded messages, and/or SMS text messages, even if I will be charged by my service provider(s) for receiving such communications. Consent is not a condition for receiving more information from {{SchoolName}}, and I understand that if I no longer wish to receive communications, I will need to contact {{SchoolName}} to alter this consent.

Disagree Agree
Petersons Monthly Scholarship

Peterson’s November $1,000 Scholarship

Turn the colors of the leaves back to green with our $1,000 scholarship