International Diplomacy: Funding Your Master's Degree

There are several ways to fund a master's degree in international diplomacy. Some universities offer fully-funded Master's programs in International Affairs and International Development, such as Fordham University in New York and NC State University in North Carolina. Yale University and Princeton School of Public and International Affairs also offer fully-funded Master's programs in Public Policy. Northeastern University offers a Master of Science in Global Studies and International Relations, which can be completed online or in person. Additionally, there are external fellowships and grants available for graduate study, such as the Citizen Diplomacy Action Fund, which provides small grants for public service projects. Students can also consider taking out loans or applying for scholarships to help fund their degree.

Characteristics of Funding a Master's in International Diplomacy

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Scholarships and grants

There are a variety of scholarships and grants available for students pursuing a master's degree in international diplomacy. These opportunities can provide full or partial funding for tuition, living expenses, and other related costs. Here are some options to consider:

University-specific Scholarships and Grants:

• Yale University: The Jackson School offers the M.P.P. in Global Affairs, which includes a four-course interdisciplinary core curriculum. The school is committed to making the program accessible and offers 100% tuition coverage through a combination of Jackson tuition fellowships and external funding. Some fellowships also provide a stipend for living expenses.
• Princeton School of Public and International Affairs: This school provides a fully-funded Master in Public Policy (MPP) degree for aspiring leaders in international and domestic public policy.
• Fordham University: Based in the Bronx, New York, Fordham offers a fully-funded Master's in International Political Economy and Development. All full-time applicants who indicate a need for merit-based financial aid will be considered for Presidential Fellowships and Graduate Assistantships. Presidential Fellowships cover all tuition costs, while Graduate Assistantships provide a stipend in exchange for 18 hours per week of service.
• NC State University: This university, based in Raleigh, North Carolina, offers a fully-funded Masters’s in International Studies, which broadens students' global knowledge.
• Northeastern University: Northeastern's Master of Science in Global Studies and International Relations offers classes online, in person at its Boston or Seattle campuses, or in a hybrid format. The program includes an international field study experience and four unique concentrations: global health and development, conflict resolution, diplomacy, and international economics and consulting.

External Scholarships and Grants:

• Truman Scholarships: This scholarship is for students demonstrating a commitment to public service. The selection is based on community service and government involvement, leadership record, academic performance, and the suitability of the proposed program of study for a career in public service.
• Thomas R. Pickering Graduate Foreign Affairs Fellowship: This program provides funding for participants to prepare academically and professionally for the United States Department of State Foreign Service. It encourages applications from women, members of minority groups, and students with financial needs. The fellowship is designed for those pursuing a master's degree in public policy, international affairs, public administration, or related fields.
• ISLP Scholarships: Offered in Australia, China, Europe, India, and South Africa, the ISLP programs provide career development opportunities and cultural enrichment. Scholars gain knowledge and preparation in specific career fields, including diplomacy and international relations. Golden Key and ISLP have partnered to offer exclusive scholarships for Golden Key members of Hispanic background.
• IIPP Fellowship: This fellowship is for undergraduate students enrolled at the University of San Diego, UC San Diego, or San Diego State University with a minimum GPA requirement and demonstrated financial need. It supports students planning to study abroad for at least one semester in a developing country with a different culture, language, and customs. Preference is given to students interested in fields like international relations, economics, humanitarian and civil rights, and foreign languages.
• Citizen Diplomacy Action Fund (CDAF): This fund, sponsored by the U.S. Department of State, offers small grants for teams of U.S. government-sponsored exchange program alumni to carry out public service projects using the skills and networks gained during their exchange experiences. The primary team member must be a U.S. citizen, and the funds can be used for various expenses, including food and personal hygiene.

Additionally, you can explore external databases like ProFellow, which provides information on fully-funded Master's programs in International Affairs, International Development, and related fields. These programs may be fully funded through a combination of tuition waivers, stipends, and assistantships.

Graduate assistantships

• Graduate Assistant (GA): Works with and assists students daily, primarily in an administrative capacity with a faculty member or school coach. The GA should not be assigned filing and clerical duties but this may depend on the faculty's needs.
• Graduate Teaching Assistant (GTA): Teaches and mentors undergraduate students. In rare cases, GTAs may be assigned to master's or doctoral candidates if they demonstrate exceptional expertise or experience.
• Graduate Research Assistant (GRA): Aids in the research of a faculty member to enhance the student's career and educational development.

Some universities that offer fully-funded Master's programs in International Affairs, International Development, and International Relations with the option of graduate assistantships include:

• Fordham University, New York: Offers a fully-funded Master's in International Political Economy and Development with the option of graduate assistantships.
• NC State University, North Carolina: Offers a fully-funded Master's in International Studies with graduate assistantships.
• Syracuse University, New York: Offers a fully-funded Master's in International Relations with hourly graduate assistantships.
• Texas A&M University, Texas: Offers a fully-funded Master's in International Affairs with graduate assistantships.
• University of South Florida: The School of Interdisciplinary Global Studies hires a small number of graduate assistants to support undergraduate classes.

Student loans

There are two main types of student loans: private and federal/government. Federal loans often offer more benefits and lower interest rates than private loans and are usually the first choice for students. These loans are provided by the government and are designed to help students cover the cost of their education. The terms and conditions of federal loans are often more favorable than those of private loans, including fixed interest rates and income-driven repayment plans. The application process for federal loans may vary depending on your country of residence and the specific loan program. For instance, in the US, students can apply for federal loans by completing the Free Application for Federal Student Aid (FAFSA). This application takes into account your financial situation and that of your family to determine your eligibility for need-based aid, including subsidized and unsubscribed direct loans.

Private student loans are offered by banks, credit unions, and other financial institutions. They can be an option if you need additional funds beyond what federal loans provide or if you are not eligible for federal aid. The terms and conditions of private loans can vary significantly between lenders, so it is important to shop around and compare interest rates, repayment terms, and other features before selecting a lender. Additionally, private loans may require a credit check and/or a cosigner, especially if you have a limited or no credit history.

It is important to carefully consider your options and understand the terms and conditions of any loan before making a decision. This includes understanding the repayment process, interest rates, and any additional fees or charges. You should also be aware of the potential tax implications of taking out a student loan, as the treatment of student loan interest payments may vary depending on your country's tax laws.

To explore this option further, you can start by researching the student loan options available in your country. Many governments provide detailed guides and resources to help students understand the loan process, eligibility requirements, and application procedures. It is also worth noting that some universities and business schools may offer guidance and support to prospective students regarding student loans and other funding opportunities. They might even provide information on scholarships and grants that can help reduce your overall debt burden.

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Part-time work

For example, the Harvard Extension School offers graduate assistantships where students work part-time for the university in research or teaching roles. In return, they receive a stipend and free tuition. Similarly, Fordham University in New York provides Graduate Assistantships that offer a generous stipend in exchange for 18 hours of weekly service.

Additionally, some universities offer part-time work opportunities within their institutions that are not necessarily tied to a specific funding package. These positions can provide valuable income to support your studies while also offering flexible hours to accommodate your academic schedule.

Syracuse University, based in New York, offers a fully-funded Master's in International Relations. Their program provides a solid foundation in international management, research design, and analysis, along with an in-depth understanding of international affairs.

The University of Notre Dame, located in Indiana, offers a fully-funded Master's in Global Affairs. This two-year program prepares students for leadership roles in government, non-governmental organizations, and the private sector. They offer various merit-based scholarships, including partial tuition funding, full-tuition scholarships, and stipends for living expenses.

Texas A&M University, in College Station, TX, has a fully-funded Master's in International Affairs. This 48-credit program includes a core curriculum, a summer internship, and language and cultural studies. The Bush School at Texas A&M provides merit-based scholarships ranging from $1,000 to $15,000 per year, without requiring a work commitment.

Personal savings

Start Saving Early:

If you have decided to pursue a Master's degree in the future, it is beneficial to start saving early. Set a budget and allocate a certain amount from each paycheck into a dedicated savings account for your education. Even small contributions can add up over time, helping you build a solid financial foundation for your studies.

Create a Realistic Budget:

Create a detailed budget that outlines your income, expenses, and savings goals. Identify areas where you can cut back on non-essential spending, such as dining out or entertainment, and redirect those funds towards your education savings.

Explore High-Yield Savings Accounts:

Consider opening a high-yield savings account or investing in conservative investment vehicles that offer a decent return on your savings. While keeping your money in a regular savings account is safe, exploring options with higher interest rates can help your savings grow faster.

Reduce Expenses:

Evaluate your monthly expenses and identify areas where you can reduce costs. For example, you may opt to cook at home instead of dining out, choose second-hand textbooks over new ones, or opt for more affordable leisure activities. These small changes can make a significant difference in your savings over time.

Part-Time Work or Freelancing:

Consider taking on part-time work or freelancing in addition to your regular job. Look for opportunities that offer flexible hours and fit your schedule. This can include tutoring, freelance writing or design work, or even remote data entry jobs. Every bit of extra income contributes to your savings for your Master's program.

Scholarships and Assistantships:

While personal savings are essential, don't overlook the potential for scholarships, assistantships, or other forms of financial aid. Many universities offer Graduate Assistantships or Research Assistantships that provide a stipend and sometimes even a tuition waiver. These opportunities can significantly reduce your overall costs, allowing your personal savings to stretch further.

Remember, funding your Master's in International Diplomacy may require a combination of personal savings, scholarships, and other sources of financial aid. It is advisable to thoroughly research the costs of the program, including tuition, living expenses, and other related expenses, to create a comprehensive funding plan.

Frequently asked questions