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Though it may sound a bit like a pipe dream, it’s a reality.The thing is, there are fully funded programs available out there for a wide variety of subjects—even those that fall under the “arts.” Some of the best schools in the country offer full funding as a recruitment tactic, to make it easier to attract top talent and students.
The phrase that schools like to use when it comes to full funding is “enough to live on.” This is the amount that they think is enough to live on as a student per year and is what determines the amount they award students as a stipend.
An academic stipend is designed to replace the potential income you could be earning as an employee instead of being a student.
Put another way, you’re not going to be rich off of a fully funded program, and you won’t be able to live like royalty.
You’ll still have to be smart with your money, find affordable housing, and maybe eat instant ramen when the funds get low, but at least you won’t be going into MASSIVE debt.
For the school to pay for education, students have to meet stringent admission requirements.
But hey, if you’re willing to work hard and go the extra step to prove that you’re hungry, there are big prizes out there.Students are admitted based on their main field of concentration – fiction, poetry, playwriting or screenwriting.Each admitted student receives a fellowship of ,500 from the Michener fellowship.The late author James Michener and his wife Mari Subasawa Michener put together this fellowship to support students as they progress in their studies.Students may also apply for professional development funds to attend writing conferences, residencies fund research or travel, or to use as a summer stipend while writing a project.Many MFA programs fully fund their students, while others will fund based solely on merit.Of course, it’s not like they’re just handing out free money.If we look at the relationship here as Cost of tuition Stipend = Employee salary, then it makes sense that a student in a fully funded MFA program is essentially being “paid” to go to school.So what does a graduate student have to do to fulfill their end of the bargain?Education is expensive, and a degree in art is no exception.Between the tough choices of paying back massive student loans from an undergrad degree, and financial doom of more loans from graduate school, it’s easy to say no to more school.