One of the biggest questions that determine if students pursue an online master’s in journalism or not is the question of – How to pay? And rising tuition costs across all higher education programs are not helping the cause. Tuition and fees for a journalism degree are also ever rising. The good news is that there’s plenty of help to pay for the degree. The process starts when you complete your Free Application for Federal Student Aid (FAFSA): The application is required for all publicly funded federal grants, loans, or work-study.
Here are several financial resources for paying for an online Masters in Journalism:
Working on Campus
Typically, universities don’t recommend students take outside employment during their first few semesters. However, schools offer various hourly positions within the radio labs and television studios or assist community sites, student newspapers, and magazines.
These are the forms of financial aid that do not need to be repaid. These are usually awarded to students based on their merit or financial need.
The student loan funded by the federal government or state is the public student loan and is commonly preferred by students for their lower interest rates. Private loans are also available from credit unions and banks but are usually more expensive than public student loans.
Fellowships, which do not need to be repaid, are highly competitive. Fellows may be chosen based on their academic prowess and to support research that impacts their journalism niche.
To get the best financial aid possible, visit our financial aid guide.
Scholarships for Masters in Journalism Students
Scholarships for pursuing a Masters’s in Journalism online are offered to students in mass communication, advertising, journalism, and public relations. Here are a few scholarships for students who are pursuing their Masters in Journalism online:
The McGraw Fellowship for Business Journalism
The McGraw Center for Business Journalism offers reporting fellowships and grants up to $15,000. The Center also provides editorial support to journalists to do in-depth reporting on global finance, the economy, and business.
The Mike Wallace Memorial Scholarship
is awarded to students actively pursuing a journalism career in television. The scholarship offers up to a 50% reduction in the tuition fees with a cap of $10,000. Funded by The National Academy of Television Arts & Sciences.