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Masters in Psychology Scholarships and Fellowships

Masters in Psychology Scholarships and Fellowships

Because the Masters in Psychology became a terminal degree in relatively recent times, many of the endowed graduate scholarships for psychology are for doctoral studies. There are many programs for students pursuing counseling degrees however, and a Masters in Clinical Psychology certainly fits into that category. The Master of Industrial/Organization Psychology is also a specialization in a field that has a long history of sub-doctoral professionals. There are some scholarship programs in this area and some to be found in areas such as developmental psychology that may apply to master's level programs as well. As with any academic discipline many of the endowed scholarships are controlled by university financial aid departments, so it behooves any student seeking financial support to check with the schools on the application list about potential scholarships or fellowships and the deadlines associated with them.

  1. American School Counselor Association awards scholarships each year to students who are in graduate programs leading to a school counseling credential. A Master of Psychology in School Psychology that is on a license track would meet the criteria for this program, which provides awards of $1,000 to ten applicants each year.
  2. Psi Chi is the international honor society in psychology, an organization of psychology students, graduates and professionals in the field. There is a series of scholarships, awards and grants that the organization distributes each year. Many are research grants, for which a master's program in psychology may or may not qualify, depending on whether or not there is a thesis required. There are also awards for undergraduate and graduate work given by chapters of the organization.
  3. Illinois Institute of Technology offers scholarships for students engaged in graduate work in psychology. Because the Institute offers a Master of Science in Psychology these scholarships are open to students in the Master's program as well as those pursuing a doctorate. There are also teaching assistanceship opportunities offered through the IIT office of finance for graduate students in psychology.
  4. American Association of University Women has five fellowship and grant programs for women who are working on a graduate degree. Eligibility is based on the academic level rather than area of study. Almost every academic discipline is eligible for the Career Development Grants, made available to women re-entering the workforce and pursuing a graduate degree in the process.
  5. American Psychological Association Minority Fellowship Program is for minority graduate students who are pursuing a degree in mental health, substance abuse or school counseling. The program is primarily targeted at pre-doctoral and postdoctoral fellows, but there are also programs for graduate students who are working towards a terminal degree that will result in a professional position in one of those fields.
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