Students are encouraged to apply for all forms of aid for which they might be eligible, including university assistantships and fellowships, fellowship programs of federal and state agencies and private foundations, and work-study or loan programs. Specific information about financial aid is available from various sources listed in the Graduate School Bulletin.
The Department awards financial aid to promising candidates (including foreign students) in the form of assistantships. The assistantships provide tuition for the academic year and living stipends. Tuition for the 2014-2015 academic year is $43,200. The stipend is $25,000 and is paid monthly in eight installments.
Assistantships are renewable annually, subject to the student's satisfactory progress and to availability of funds. Assistantship students may take a leave of absence of up to two semesters without jeopardizing their remaining semesters of financial support, provided the leave is approved in advance by the Director of Graduate Studies. The decision to provide financial support for students who take longer leaves rests with the Graduate Committee. Assistantship students who are unable to pass the microeconomics, macroeconomics and econometrics qualifying examinations in two attempts but whose performances meet the standard for a Master's degree will be considered for support for one additional semester to complete the requirements for the Master's degree. Assistantship holders may not accept full or part-time employment on or off campus during the academic year.