This directory will help you find the economics scholarships that best suit your situation by filtering out those you do not qualify for and tailoring your selection to your specific needs. For example, if you have a 2.6 GPA, feed that information into the directory and it will not display scholarships that require a higher academic standing. The directory also finds which scholarships pertain to an offline or online economics program at your specific degree level, in order to help you avoid applying for graduate scholarships as an undergraduate. This resource also specifies whether scholarships are renewable, so if you are just starting an economics program, check whether you can keep receiving the funds year after year and what the requirements are to renew these scholarships.
The directory also has options for sorting scholarships by location. For example, some scholarships are made available to students in certain states or counties, so you can streamline your search by ruling out scholarships that are nowhere near where you live. Lastly, you can use the search filter to locate scholarships that are granted to students of certain ethnicities.
Utilize search engines to exhaust all possible economics scholarships online. Remember to inquire of other sources of funding, including your employer. Many employers offer scholarship or sponsorship opportunities for those whose studies might improve their performance in the workplace. Similarly, many colleges and universities do their part to lower the cost of education by providing scholarship opportunities to strong academic departments, so ask about scholarships that specifically target students who have a declared economics major.
Identify Trends in Economics Scholarships
Most economics scholarships are focused on applied functions of economic study rather than the theoretical, research-driven aspects of the field. Fields like international affairs, agricultural economics, and applied economics are common scholarship targets. Many scholarships are also available as part of broader business scholarship offerings, so consider applying to some business scholarship programs as well. The majority of scholarship opportunities in economics are offered by individual universities rather than nationwide organizations, though research institutes and scholarship organizations also provide economics scholarships.
The economics scholarships that are available often award large sums of money, with an average of more than $6,000 per scholarship. Many of the larger awards are for graduate students, however, so if you are looking for funding for a bachelor’s in economics, you are more likely to receive an award closer to $2,000. Regardless of how much you receive from a scholarship, leverage every opportunity you can, as every dollar awarded is a dollar you won’t have to pay back in student loans.
Key Economics Scholarships
James L. Biggane Fellowship in Finance & Fiscal Studies
This scholarship is provided to one student a year by the New York State Senate and is targeted at those older than 35 who want to make a midcareer move to another field related to finance, such as economics or public fiscal policy. This scholarship provides more than $30,000 per year, which can cover the entire cost of a graduate-level education at some universities. However, because only one student is chosen, this scholarship is highly competitive.
Minorities in Government Finance Scholarship
This nonrenewable scholarship is offered by the Government Finance Officers Association (GFOA) and is for students interested in studying economics, finance, and other fields related to government finance. Applicants must be of African American, American Indian, Alaska Native, Asian, Native Hawaiian, Pacific Islander, Hispanic or Latino descent. Students must be recommended by their academic advisor, department chair, or dean. In addition to the $5,000 monetary award, students will be invited to attend the annual GFOA conference at no personal expense.