Top scholarships for master’s degrees

Key takeaways about master’s degree scholarships

• Master’s degree scholarships are financial awards that come from schools, employers, nonprofits, or major-related groups.

• Many scholarships for master’s students stack, helping cover tuition, fees, books, or living costs.

• The top scholarships for master’s students reward clear goals and a focused academic plan.

• To find master's scholarships, start with your school, then expand to national and field-based options.

• Easy scholarships like Sallie’s $2,000 No Essay Scholarship only take a few minutes to enter.

Pursuing a master’s degree is a big move—and a big investment. Tuition, fees, books, and living costs can add up fast, making it easy to wonder how you’ll pay for it all. The good news? Scholarships aren’t just for undergrads. There are plenty of scholarships designed specifically for master’s students, and the right ones can significantly lower your grad school costs.

This guide breaks down what master’s degree scholarships are, how to qualify, and where to find top opportunities. You’ll also learn how to apply strategically—without burning out—and where to look for quick, no-essay options when time is tight.

What are master’s degree scholarships?

Master’s degree scholarships are financial awards that help pay for graduate education and don’t need to be repaid. They may be based on academic performance, financial need, leadership, field of study, background, research interests, or community involvement.

Unlike many undergraduate scholarships, funding for master’s students is often tied closely to your program or profession. Departments, faculty, professional associations, and employers are common sources—which means some of the best opportunities aren’t always widely advertised.

Why scholarships matter for master’s students

Graduate school costs rise quickly, and scholarships can help reduce how much you need to borrow. Even smaller awards can be meaningful, covering books, lab fees, certifications, or required technology.

Scholarships can also give you flexibility—allowing you to work fewer hours, focus more on coursework or research, or choose the program that’s the best academic fit, not just the cheapest option.

If you’re still comparing programs, Scout College Search can help you explore schools by cost, location, and field of study.

How to qualify for master’s scholarships

Each scholarship has its own criteria, but many look for a similar mix of preparation and purpose. You don’t need a perfect resume—what matters most is showing you’re ready for graduate-level work and have a clear plan.

• Enrollment status: Some scholarships require proof of acceptance or enrollment; others allow you to apply before you start.

• Field of study: Many scholarships are tied to specific majors or career paths.

• Academic record: A minimum GPA may be required, though many focus more on leadership or goals.

• Residency or citizenship: Eligibility may depend on where you live or study.

• Essays or recommendations: Planning ahead here can give you a major edge.

• Free Application for Federal Student Aid (FAFSA®): Need-based or school-linked scholarships may require you to file the FAFSA®. For help, check out our step-by-step FAFSA® guide.