Did you know you can land easy funding for your masters in economics? In this guide, we have compiled fully funded scholarships for masters in economics to help you escape the burden of student debt.
The competition is intense, but so is the cost of tuition. So, don’t wait until the application window closes. Take the next step toward advanced qualifications by applying to one of these institutions that are ready to offer the academic support you need for your graduate program.
List of fully funded scholarships for Masters in Economics
London School of Economics Scholarship
The London School of Economics offers unique opportunities for individuals pursuing graduate programs in economics. Additionally, numerous scholarships are available to help students offset their academic bills. These scholarships are sponsored by external organizations, governments, and research councils worldwide. LSE will assess your fee status to match you with appropriate funding.
Eligibility criteria
- Applicants must have received an offer letter (conditional or unconditional) from LSE.
- Have a strong undergraduate record
- Demonstrate financial need
- Open to domestic and international students
Award value: £20,000
Closing date: June 2, 2025
Register your application through this website.
Boise State Scholarship
Boise State University’s Department of Economics offers two graduate programs: the Master of Economics and the Master of Science in Economics. The department provides fully funded scholarships for masters in economics to cover high-achieving students enrolled in either of both programs.
Eligibility criteria
- Cumulative undergraduate GPA of 3.30 or higher
- Enrolled in an MSc program in Economics
Award value: $18,000 per academic year
Closing date: December 15, 2025
The University of Oxford Scholarship
Established in the 12th century, the University of Oxford is one of the oldest universities in the UK. Among its prestigious scholarships, the Clarendon Fund offers financial support for all graduate studies, including economics. Clarendon scholars will also gain access to exclusive academic and professional development events.
Eligibility criteria
- Have a strong academic record
- Non-native English speakers must demonstrate proficiency through standardized tests like IELTS or TOEFL
- Have strong letters of recommendation from academic or professional referees
- Be pursuing a full-time or part-time master’s program in economics
- Proof of interest in economic research
Award value
- €19,327
- Full tuition coverage
- Annual grant for living costs
- Travel allowances
- Research grant
Closing date: December 1, 2025
University of Edinburgh Scholarship
The University of Edinburgh provides various fully funded scholarships for masters degrees in economics annually. These scholarships support tuition fees and living costs, enabling students to concentrate on their studies without financial worries.
Eligibility criteria
- A conditional or unconditional offer to study MSc Economics at the University of Edinburgh
- Demonstrate financial need
- Excellent academic record
- Hold an undergraduate degree
- Compelling statement of purpose
Award value: €10,000 to €19,795 depending on program
Closing date: July 11, 2025
University of Sussex Scholarship in Economics
The University of Sussex provides scholarships for students admitted to the MSc International Business Economics Program, specifically targeting outstanding applicants from developing countries.
Eligibility criteria
- Meet the university’s requirements
- Enrolled or applying for an eligible master’s program at the University of Sussex
- Have a strong undergraduate academic record equivalent to a UK first-class or upper second-class honors degree
- Demonstrate financial need
Award value: £10,000
Closing date: May 31, 2025
Clark University Scholarship Program
Clark University, a private research institution located in Worcester, Massachusetts, USA, offers various funding programs for students pursuing master’s degrees in economics. These scholarships are intended to support full-time graduate students with tuition and living expenses.
Eligibility criteria
- Admitted to master’s program in the Economics Department
- Strong academic record
- Be a full-time graduate student
Award value: €5,000
Closing date: May 14, 2025.
University of Illinois Urbana-Champaign Scholarship
The University of Illinois Urbana-Champaign is a leading research university renowned for its academic excellence and innovation. UIUC offers merit-based scholarships to recognize the academic achievements of graduate economics students.
Eligibility criteria
- Outstanding academic achievements
- Illinois residents and U.S. citizens
- Open to students from specific countries, like Mexico
Award value: $31,800 per year
Closing date: November 1, 2025
The University of Waterloo Scholarship
With multiple financial aid options available at the University of Waterloo, the Department of Economics students can undertake study programs without incurring debts. Whether it’s departmental or external awards, deserving students can combine scholarships to cover their tuition and living expenses, provided they meet the eligibility requirements.
Eligibility criteria
- Open to both domestic and international students
- Demonstrate financial need
- Possess a bachelor’s degree
- Outstanding academic record in an undergraduate program
Award value: $10,000
Closing date: November 15, 2025
Carnegie Mellon University Scholarship
Carnegie Mellon University funds scholarships leading to a master’s degree in Economics. Only students enrolled in one- to two-year programs can apply. This scholarship requires a faculty nomination to be awarded. Candidates who fulfill all requirements will be awarded.
Eligibility criteria
- Demonstrate academic merit and financial need
- Enrolled for a full-time master’s degree in economics
- Meet the department’s eligibility criteria
Award value: $34,000
Application deadline
- May 20, 2025, for the fall semester
- November 10, 2025, for the winter semester
McGill University Scholarship
McGill University aims to provide students with the best possible education. Thus, to attract more students, it offers departmental fully funded scholarships for masters degrees in economics.
Eligibility criteria
- Hold a valid passport and be eligible for a Canadian study permit
- Possess a bachelor’s degree
- Demonstrate exceptional leadership, service, and community engagement
- Be under 35 years old
Award value: $8,500
Closing date: August 31, 2025.
Stanford University Scholarship
Stanford University is committed to providing financial aid to all deserving students. As an aspiring graduate student, you will find they offer fully funded scholarships for masters in economics and various disciplines.
Eligibility criteria
- Meet the university and department admission requirements
- Enrolled in a full-time program
Award value: $70,000
Closing date: August 21, 2025
University of Winnipeg Scholarship
The University of Winnipeg offers fully funded scholarships for masters in economics, awarded to current and incoming students who have exceptional achievements related to economics. This is a departmental award, only applicants recommended by the Department of Economics are eligible.
Eligibility criteria
- Be registered full- or part-time in the University of Winnipeg’s master’s program.
- Maintain good standing in their academics.
- Have achieved and maintained a GPA of 3.75/4.5 or equivalent in their most recent 60 credit hours
- Not a former recipient of the Graduate Student Program within the UWGSS
Award value: $20,000
Closing date: June 1, 2025.
