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Scholarships and Grants for Masters in Leadership Students

Earning your masters in leadership undoubtedly is a lot of hard work, but it doesn’t have to be a lot of money too. With grants and scholarships, you could go to school for little to no money out of pocket. This type of degree can help you earn more money, qualify for advanced positions in your industry, and make better business decisions, so going back to college for your master’s degree in this field is certainly an intelligent choice.

Leadership Scholarships

Scholarships do not have to be repaid after college, making them an attractive option for students. Typically scholarships are given to students based on merit, such as your undergraduate grades, a scholarship essay, or a special talent you have in the field. Scholarships are commonly available directly from colleges, and at the graduate degree level, they are often given as fellowships, which usually come attached to teaching or research responsibilities. You can also find scholarships from the Project Management Institute, the Paul & Daisy Soros Foundation, the American Association of University Women, and a number of other sources.

Leadership Grants

Like scholarships, grants are available to students from a variety of sources. They do not have to be repaid after college, but they are given based on financial need, rather than merit. As an undergraduate student, you may have received the Pell Grant, a federal grant available to all students who meet financial requirements. In a master’s degree program, you’ll no longer be eligible for the Pell Grant, but you may be eligible for other grant programs, such as those offered by outside organizations, as well as those offered directly from colleges. Grants can be available for student tuition, or you can apply for a grant to fund a specific research project that you complete while you’re in school.6629054127_6651867221_z

Student Loans

By far the most common way that students pay for attending college or a university, student loans are typically divided into federal and private. Federal loans, known as Stafford Loans, are government-backed and come in the forms of subsidized and unsubsidized. Subsidized Stafford Loans help students by having the government pay for the interest while the student is in school. Unsubsidized Stafford Loans maintain relatively low interest rates, but do not have interest paid for by the government while students attend school. Private loans are backed by various banking institutions and lenders, but have a much higher interest rate than any government-backed loan. Interest builds while students attend college and the large interest rate requires sizable payments to make progress on the balance.

Other Sources of Money for School

Along with grants, scholarships, and loans, you can find other sources of money to pay for school, making it possible for you to get an advanced degree in this field. Many employers, for example, offer tuition assistance or reimbursement, which allows employees to get an advanced degree. Typically, the tuition reimbursement process has stipulations, such as majoring in a degree that will prove beneficial to furthering your career with the company upon graduation. Additionally, employers will require at least a C in a class to deem it worthy to be reimbursed.

Working While Attending College

Many students college experience is backed by a combination of the resources listed above, partially supported by scholarships, grants, and loans. Sometimes this merely covers the cost of school and leaves a gap in living expenses. Students can better their career prospects, as well as fill this gap, by working in their respective fields while still in college. Even working in entry-level positions in your field while in school is viewed as very impressive to employers and underlines a student’s desire to pursue a career in that field upon graduation.

Schools with Master’s Degrees in Leadership

Grand Canyon University
MBA: Leadership
Grand Canyon University: The Master of Business in Administration in leadership and the dual MBA/MS in leadership programs provide the student with cross-functional management skills and skills necessary to be an effective leader. Graduates are found in business, the government, and non-profit sectors.
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Liberty University
MBA: Leadership
Liberty University: Liberty University's MA in Management & Leadership and MBA in Leadership both blend business acumen and leadership ability into a powerful combination that allows you to get the most out of your teams and individual employees, and manage your business to its best advantage. Graduates become effective and valued managers in finance, human resources, retail, non-profit, or become more successful entrepreneurs.
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Northcentral University
MEd: Org Leadership
DBA: Org Leadership
PhD: Org Leadership
Northcentral University: Northcentral University's MEd in Organizational Leadership program pairs practical business skills and strategies with the harder to define skills necessary to bring out the best of individuals and teams. Classes within the program include interpersonal communication skills, conflict resolution, and human resources management. There is also a DBA and a PhD program available.
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Kaplan University
MS/Mgmt: Leadership
Kaplan University: Kaplan University's MS in Management with a focus on Leadership is a very specific degree program designed to produce effective leaders in real-life business situations. Students analyze theories and trends in leadership and organizational behavior and examine finance practices and human resources management, as well as learning how to lead teams, coach and mentor to inspire individuals.
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