15 Best Scholarships for Graduate Psychology Students

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Updated: May 7, 2024, Reading time: 8 minutes

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Psychology is one of the most popular degrees in the world. According to the National Center for Education Statistics, 126,900 bachelor’s degrees in Psychology in various specializations are conferred annually.

After earning your undergraduate degree, paying for a master’s and a Ph.D. program is an overwhelming challenge. In this article, we review some of the most impactful scholarships for students considering these programs – either due to the sheer magnitude of the scholarship prize or due to the low effort needed to be considered eligible.

Graduate Scholarship

The Minority Fellowship Program (MFP) Psychology Summer Institute – American Psychological Association

The MFP Psychology Summer Institute will be held on June 24-29, 2024, and applicants must submit their applications by May 1, 2024; selected fellows will be notified by early June 2024. A completed application form, along with a statement of purpose, concept paper, and two recommendations, among others, are required for consideration.

Selected fellows will benefit from the academic, professional and mentoring opportunities offered by APA, and these include guidance in grant proposal and dissertation writing, post-doctoral fellowship, project evaluation, and more.

National Register of Health Service Psychologists Credentialing Scholarship

Students interested in starting their career as National Register credentialed Health Service Psychologists are encouraged to apply for the Credentialing Scholarships for ECPs due May 15, 2024. This scholarship covers the application fee, allowing you to activate your credentials quickly. In addition to monetary gains, recipients also benefit from job opportunities, patient attraction, professional development, and networking. 

Applicants must be within ten years of graduating from a doctorate program. 

F.J. McGuigan Dissertation Award

Applicants to the F. J. McGuigan Dissertation Award must have completed their doctoral candidacy with dissertation approval on topics related to mental function. Application materials, including a project proposal with a timeline and budget, must be submitted by June 5, 2024. The $2,000 scholarship amount can be used for dissertation-related purposes.

CBQ Method Scholarship

Smoking and addiction cessation and its psychology are at the heart of the CBQ Method Research Sponsorship that awards $3,000 for qualified applicants. Note the quick decision with the deadline set on June 15, 2024, and the decision released by June 30, 2024.

Applicants must be enrolled in a psychology or cognitive behavioral therapy program with ongoing research on smoking and addiction cessation.

The American Psychological Foundation

APF offers 21 annual scholarship programs with amounts ranging from $2,000 to $5,000, with most adopting a June 26, 2024 deadline. Among the scholarships are: 

Application requirements include active APF membership, clarity and strength of research proposal, and academic performance and potential. Applicants who will use the scholarship for research purposes will be prioritized.

George C. Thornton, III Graduate Scholarship

The George C. Thornton III program applies to students enrolled in a prestigious Doctor of Industrial and Organizational Psychology program that exemplifies the scientist/practitioner model. Applicants must be student affiliates of Div. 14, have completed an accredited master’s degree, and not have previous scholarships. 

Applicants will be evaluated based on two merits. Scientific merit involves competence in research, such as superior performance in statistics, participation in seminars, and timely completion of master’s theses. Practitioner merit involves the application of theories in organizational settings. Scholarship applications will close after June 30, 2024.

Marian R. Stuart Grant

Early career psychologists are welcome to apply for the competitive Marian R. Stuart Grant, which focuses on graduate research about the connection between physical and mental health. Applicants vie for the award amount of up to $20,000 and must submit their complete application by July 10, 2024. Psychologists employed in medical schools will be given preferential consideration.

The Rachel Tanur Prize for Visual Sociology

The Rachel Tanur Memorial Prize for Visual Sociology is designed to encourage undergraduate and graduate students in the social sciences to present their findings on the social phenomenon of human existence in a visual medium. The next application period opens in August 2024.

The first-place winner will earn $2,500, the second-place winner $1,500, and the third-

place winner $500.

Bruce and Jane Walsh Grant

APF has established the Bruce and Jane Walsh Grant in Memory of John Holland to investigate the impact of personality, culture, and environment on work behavior and health. Eligible applicants are those affiliated with organizations for charitable and educational purposes. While this is open to all graduate students, priority will be given to early career psychologists with ten years or less post-doctoral. 

All requirements must be met and submitted by September 18, 2024, to be considered for the 2025-2026 funding. Application materials include the project proposal, timeline, detailed budget, and justification. 

Predoctoral Fellowship in Mental Health and Substance Abuse Services – American Psychological Association

Graduate students enrolled full-time in APA-approved doctoral graduate programs in clinical, counseling and school psychology, among others, are eligible to apply; be sure to check the other application requirements. 

Selected fellows will receive the following monetary and non-monetary benefits:

Applications start October 1, 2024.

Elizabeth Munsterberg Koppitz Child Psychology Graduate Student Fellowship

APF’s Elizabeth Munsterberg Koppitz Child Psychology Graduate Student Fellowship program awards $25,000 for graduate psychology students involved in child psychology and its research. The deadline for application is November 27, 2024.

Applicants must have completed their doctoral candidacy while also having demonstrated a commitment to the field of child psychology. Special priority is given to students who demonstrate success in the following fields: Child Clinical Psychology, Pediatric, School Psychology, and Developmental Psychopathology.

The SMART Scholarship Program

Funded by the Department of Defense, the SMART Scholarship-for-Service Program is a combined academic and workforce development program. Applicants must submit a personal statement, proposed award details, and a privacy act statement, among others, and submit their complete application packets by December 1, 2024 (5 pm EST). 

Scholars receive generous benefits, including:

Scholars also receive one-on-one mentoring and DoD employment placement upon degree completion.

The F. Edward Hébert Armed Forces Health Professions Scholarship Program (HPSP)

The US Army offers among the most extensive scholarships available for its members pursuing advanced education and training in healthcare professions, including clinical psychology. Their scholarship programs are on a rolling basis. 

These scholarships provide full tuition coverage, funding for school books, equipment and supplies, a $2,608 monthly stipend, up to $20,000 in signing bonus, and salary increases, among other perks.

The DoD National Defense Science and Engineering Graduate (NDSEG) Fellowship Program

The DoD NDSEG Fellowship Program offers an incredibly extensive fellowship program for students seeking advanced education in cognitive, neural and behavioral sciences, among other fields of study. This program accepts applicants on a rolling basis. Selected fellows will be provided with the following financial support for three years:

Between 150-350 fellowships will be awarded for all degree levels.

The National Science Foundation Graduate Research Fellowship Program

Fellows of the NSF’s GRFP are outstanding graduate students pursuing their research-centric master’s and doctoral degrees in the STEM fields. 

NSF provides the following fellowship benefits for selected fellows:

This program accepts applicants on a rolling basis. Applicants must be at the early stages of their graduate career (i.e., no more than one academic year) and be either a US citizen or national or permanent resident, among other requirements.

Students showing happiness

Finding scholarships intended for graduate psychology students is the easy part! Speak with your academic advisors and mentors for any related opportunities. Be aware of the financial support options that your area of research has.

It also pays to maintain memberships in both the American Psychological Association and the American Psychology Foundation. Attend conferences to see what topics and lines of research are most successful within the organization and without. This is one of the best strategies for targeting a specific scholarship and preparing to win it!

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