Skip to main content

A Guide to Fully Funded Psychology Master’s Programs and How to Take Advantage Of Them

Earning a master’s degree in psychology can create a lot of new opportunities. However, the cost of a master’s degree can be a significant barrier for many students. Fully funded psychology master’s programs cover the cost of tuition for the student and offer a stipend that the student can use to cover the cost of living expenses.

Studying abroad or getting a scholarship can greatly reduce that cost and allow the student to focus on their studies instead of worrying about part-time jobs. Fortunately, you can learn everything you need to know about fully funded psychology master’s programs with a search online right now.

How to Find Fully Funded Psychology Master’s Programs

Psychology master’s programs are highly competitive, and students who earned excellent grades in their undergraduate programs are more likely to have a chance at earning a scholarship.

Scholarship search tools can help students find programs they’re eligible for. It’s also worth speaking to the alumni network at the university where you earned your bachelor’s degree.

The Best Psychology Master’s Programs Offering Funding

Several universities in the United States and abroad offer funding for qualified psychology students. The eligibility criteria differ depending on the university, with some scholarships targeted at specific demographics, while others focus on academic merit or students facing economic hardship.

Illinois State University

Illinois State University offers a fully funded scholarship program in Clinical Psychology, and students have the option of enrolling in an internship alongside their studies.

Fulbright Foreign Student Scholarship Program

The Fulbright program for foreign students covers the cost of studies at a variety of universities in the United States, including tuition fees, airfare, and a stipend to cover the student’s living costs.

Netherlands Government Scholarships 2023

The Netherlands government offers undergraduate scholarships for international (non-European Economic Area [EEA]) students who meet certain academic and IELTS criteria.

Bond University Gold Coast Australia International Undergraduate Excellence Scholarships

The Bond University Gold Coast Australia International Undergraduate Excellence Scholarship is open to international students who can demonstrate strong academic performance.

Open University MSc in Psychology

The Open University is a U.K. university that accepts international applicants in some cases, and eligible British students can receive a government-subsidized loan for their studies.

How to Apply for a Fully Funded Master’s Program

Before applying, students should read the eligibility criteria carefully and apply only for programs they fully meet the criteria for. They should prepare a detailed academic transcript and personal statement and have someone proofread the statement for them.

They should take any opportunities to speak to the funding application and include a cover letter if they are allowed to do so. Finally, they should make sure that the application is sent well before the deadline and practice interview skills and prepare questions before attending.

Other Support for Your Psychology Master’s Degree

Students may qualify for support in other areas. In the United Kingdom, the government offers student loans for eligible learners, and Scotland gives learners the chance to study tuition-free for their first degree. In America, the VA offers support for former service people and their immediate families, which may offset the cost of studying for a degree.

Part-Time Psychology Master’s Degrees

For students who are already in a career, part-time or distance learning may be an option. Studying via an institution such as the Open University allows learners to complete their master’s degree part-time while working.

Next Steps After a Master’s in Psychology

After completing a master’s degree in psychology, many people work in academia, clinical psychology, or counseling, depending on their specializations. Those who prefer to continue their studies have the option of progressing to a doctoral qualification, and there are fully funded study options at this level, too.

Psychology is a vast field, and while master’s degrees are highly specialized, there are still many opportunities for further learning for those who are interested in the subject.

Earn A Psychology Master’s Degree Today!

Fully funded psychology master’s programs offer a great opportunity for students to concentrate on their studies without worrying about part-time jobs or student debt. However, these programs are highly competitive, and students should prepare their applications carefully, read the eligibility criteria, and apply only for programs that they fully meet the criteria for.

In addition to fully funded programs, students may qualify for support in other areas, such as student loans or grants. Finally, students who have completed their master’s degree in psychology may work in academia, clinical psychology, or counseling or continue their studies and earn a doctoral qualification.