Funding and Financial Aid
With the exception of students who have received scholarship support from another institution (such as an independent funding agency or their employer), it is our policy to provide financial support to all admitted students. Aid for a student’s first year provides a full tuition waiver and an annual stipend of $28,500. This stipend is likely to increase yearly, depending upon availability of university funds. Though attrition during the first year of the program is very low, it is still very challenging and, for that reason, we feel it is essential that students are able to devote almost all of their energies to their studies. It is for this reason that most financial aid during a student’s first year comes with no duties and for those financial aid packages that do come with duties, we limit it to one semester of light grading with no teaching responsibilities. Students who are performing satisfactorily can expect to receive a Departmental Fellowship during years 2, 3, 4 and 5. This involves being a teaching or research assistant.
The department has several types of fellowships:
- T. Rowe Price Fellowship – Full-tuition waiver, the annual stipend, and an additional $2,000 per year in years 1-3.
- Departmental Fellowship – Full-tuition waiver plus an annual stipend of $28,500.
- Carl Christ Fellowship – In 1989, the department established the Carl Christ Fellowship fund to honor one of its faculty members for his distinguished service and achievements. The proceeds of the fund are used to support outstanding graduate students at the dissertation stage of their research.
In addition to these sources of funds, there are many other opportunities both on- and off-campus involving research or teaching. The summer program at Hopkins is taught exclusively by our graduate students. Students have also taught in nearby universities such as Loyola College, Goucher College, and the University of Maryland at Baltimore County. One can also find research assistantships in other Hopkins programs; for example, the School of Public Health and the Carey Business School. Many students take advantage of the proximity of Washington, D.C. to serve as research assistants at institutions related to their field of research during the academic year and/or summer. In recent years, our graduate students have been research assistants at such institutions as Brookings, Bureau of Labor Statistics, Federal Reserve Board of Governors, Federal National Mortgage Association, International Monetary Fund, Inter-Development Bank, World Bank and the Antitrust Division of the Department of Justice.
Questions? Please send us an email.
Do you want to apply to the program? Apply online