With the costs of higher education rising every year, it is only natural for students to seek scholarships to finance their undergraduate and graduate education. What’s more, the demand for candidates with a postsecondary education is increasing. The Georgetown Center on Education and the Workforce reports that 65 percent of the jobs in America will need postsecondary education by 2020. Apart from the increasing costs of a degree, there is also the opportunity cost of staying in college for additional years. In this scenario, a student’s only recourse is to take on debt to finance their education.
The need for scholarships is even more pressing if these statistics are anything to go by. According to Cometfi, the current U.S. student loan debt is an astounding $1.53 trillion, with one in four Americans having student loan debt. For a master of science in engineering, the average student debt is $65,100. Unsurprisingly, student loan debt is the second largest source of debt, after mortgages. Full or partial scholarships offer some relief to students seeking higher education in the United States.
The following guide lists several scholarships for students wishing to pursue degrees in engineering.
Who should apply - Applicants can be full-time or part-time, undergraduate or graduate students of any age enrolled at an accredited college or university only in North America, during the 2019-20 school year.
About the donor - The American Galvanizers Association was established to help students cope with the rising cost of a college education. They can be enrolled in programs for civil engineering, structural engineering, construction engineering, material science, architecture, or a related field.
Who should apply - Students pursuing a major in engineering, natural or applied sciences, or math, and intend to do research or get an advanced degree after graduation are eligible to apply for the scholarship. They should also be U.S. citizens.
About the donor - The Astronaut Scholarship Foundation's mission is to aid the United States in maintaining its global leadership in technology and innovation. To that end, an applicant for the Astronaut Scholarship must be a citizen of the United States. They must be enrolled in one of the participating universities in the scholarship program. The list of the universities is present on the website.
Amount - $1,500 per year, may be renewed for three additional years ($6,000 total)
Deadline - March 15, 2019
Who should apply - Applicants must be U.S. residents and pursuing an engineering or related science degree.
About the donor - This annual scholarship is provided by BMW in support of the SAE Foundation. To apply for this scholarship, a student must be enrolled in an engineering or related science program as well as be a U.S. citizen, with a GPA of 3.75 or higher. Additionally, students must rank in the 90th percentile in both math and critical reading on SAT I or composite ACT scores.
Amount - $5,000 per year, may be renewed for three additional years ($20,000 total)
Deadline - March 15, 2019
Who should apply - Students who are U.S. residents and pursuing an engineering or related science degree.
About the donor - This scholarship, established by Hendrickson International, honors the late Edward D. Hendrickson, an innovator in the commercial vehicle industry. Applicants of this scholarship need to be residents of the U.S., have a minimum grade point average of 3.75, and rank in the 90th percentile in both math and critical reading on SAT I or composite ACT scores.
Amount - Depends on which scholarship for which the applicant qualifies. It offers many scholarships such as the Communications & Signals Functional Group Scholarship ($3,500) and the Michael and Gina Garcia - Rail Engineering Scholarship ($3,000), among others.
Deadline - December 2019
Who should apply - Applicants to the scholarship must have an active interest in railway engineering, maintain a consistent GPA of 2.0, and be available for an interview by the AREMA scholarship committee. Students must have completed a minimum of one quarter or semester in an accredited engineering program.
About the donor - The AREMA educational foundation provides scholarships to engineering students specializing in the railway industry. The foundation is offering several scholarships for the 2019 academic year. The application process is the same for all scholarships offered by the AREMA educational foundation. Scholarship winners are determined by the scholarship review committee.
Who should apply - U.S., Canadian or international students pursuing cost management or cost engineering related program.
About the donor - The AACE International offers competitive scholarships to U.S., Canadian, and international students enrolled in a program related to cost management or cost engineering with a GPA of 3.0 or higher. The scholarship is presented by the AACE International Education Board.
Who should apply - Undergraduate engineering or pre-engineering students.
About the donor - ASHRAE awards several scholarships to students studying engineering degrees that could lead to a career in the heating, air conditioning, ventilation, or refrigeration fields. To be eligible, students must have a GPA of at least 3.0 and be enrolled in or plan to enroll in an accredited engineering program.
Amount - Depends on the amount generated by the endowment fund. In the 2018–19 academic year, the amount for in-state students was $11,000 and for out-of-state students, the award amounted $22,000.
Deadline - Scholarships details for the 2019-20 academic year will be available in January 2019.
Who should apply - The scholarship is open to freshmen in the College of Engineering. They must have a maximum of 25 credits earned at the university, along with a GPA of 3.5 or above.
About the donor - The class of 1931E scholarships are awarded based on criteria such as employment experience, community service, academic record, and school activities. The committee consists of family members of 1931E classmates, alumni scholars, and university representatives.
Who should apply - Eligibility criteria requires the applicant to be a lower division undergraduate, demonstrating exceptional performance in engineering graphics, or an upper division undergraduate, demonstrating an excellent performance in mechanical design.
About the donor - Alexander Levens was a mechanical engineering faculty at the University of California, Berkeley for 26 years—well-known for making engineering graphics exciting for his students. He was one of the first faculty to use television in class. He constantly upgraded his course materials using his creativity and passion for the subject. In 1986, Levens established this scholarship for students excelling in his field.
Who should apply - This scholarship is for international students. The scholarship enables them to pay in-state tuition rate and living expenses. All graduate students will be considered for the scholarship upon admission to a University of New Mexico graduate program. Students can be enrolled in graduate programs in electrical engineering, chemical engineering, mechanical engineering, and more.
About the donor - The International Amigo Scholarship enables eligible international students to get access to a non-resident tuition waiver. This means the student will pay only the in-state tuition rate and living expenses. The Amigo Scholarship is an award specific to tuition and cannot be converted to a cash reward.
Amount - The amount depends on the scholarship for which the applicant qualifies. There are a number of scholarships on offer such as the Trustee Scholarships ($23,000 annually) and Presidential Scholarships ($20,000 annually), among others.
Deadline - January 2019
Who should apply - First-year students starting at St. Ambrose University in the academic year 2019-20.
About the donor - This scholarship is applicable for all undergraduate courses at the St. Ambrose University. The admissions office calculates the amount of the award by using unweighted high school GPA and ACT/SAT scores. Students can be enrolled in programs such as bachelor of science in mechanical engineering, computer science, industrial engineering, and more.
Who should apply - U.S. resident students. Preference will be given to students of Kettering University.
About the donor - The Dan and Vicky Hancock Scholarship for Mechanical Engineering Excellence was established by Dan and Vicky Hancock. The scholarship provides financial support to students pursuing a degree in the field of mechanical engineering. Since Dan was a graduate of the Kettering University, preference is given to students of the same university. He was elected to the National Academy of Engineering—one of the highest honors an engineer can receive.
Deadline - Different scholarships have different deadlines, and they usually fall between November and December.
Who should apply - These scholarships are available only for women, with different criteria for each scholarship. For instance, the International Fellowship is for women pursuing full-time graduate or postdoctoral degrees in the U.S. but are not permanent residents or citizens of the U.S.
About the donor - The American Association of University Women offers a fellowship for non-American women wishing to pursue a master’s or a doctorate in the U.S. Priority is given to women who demonstrate a commitment for the advancement of women and girls.
Who should apply - Women from other countries pursuing graduate study programs in the United States and Canada.
About the donor - The International Peace Scholarship Fund provides scholarships for a handful of women from other countries enrolled in graduate study in the United States and Canada. This award does not cover all academic or personal expenses. The scholarship is not limited to any specific field of study and the funds can be utilized by international engineering students as well.
Amount - Scholarships are awarded on a 50 percent grant and 50 percent loan basis through a competitive application process annually in June or July.
Deadline - March 31, 2019
Who should apply - Students from select developing countries are awarded the scholarship, who have no other means of financing their studies.
About the donor - The Aga Khan Foundation provides a limited number of scholarships each year for master's and postgraduate studies to outstanding students from select developing countries. Students from all fields of study can apply, though preference is given to master's students. It accepts applications from nationals of the following countries: Bangladesh, India, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Syria, Egypt, Kenya, Tanzania, Uganda, Madagascar, and Mozambique.
Amount - $5,250 per academic year to a maximum of $15,750
Deadline - Applications are processed on a first-come first-served basis pending available funding.
Who should apply - This scholarship is awarded to Georgia residents attending an eligible postsecondary institute who are part of underrepresented groups enrolled in an engineering program. The program must be approved by the engineering accreditation commission of the accrediting board of engineering and technology (ABET).
About the donor - The minority scholarship for engineering education loan program is funded by the state general funds and is administered by the Georgia Student Finance Authority (GSFA). The program was established to attract undergraduates into the engineering profession by providing them with financial assistance. Scholarship loan recipients must agree to work in an engineering-related field in the state of Georgia after graduation.