(There are many other sources of advice for M.Eng. students; for instance, see the official policies and procedures.)
Many M.Eng. students wish to avoid paying for (or having their parents pay for) their final year of study and living expenses, as would ordinarily be the case, and as is the case at other universities. This document suggests a few ways to locate funding for your M.Eng. studies.
Contents:
If your motivation for getting a M.Eng. degree is the desire for improved job prospects or salary, then you should consider paying your own way (or asking your parents to do so). In purely economic terms, it's a good investment, given the expected return. Students typically pay their own tuition for other professional degrees, such as an MBA or MD.
Fellowships, such as those administered by NSF, NDSEG, and Hertz, pay tuition and a stipend to outstanding graduate students. Particularly if you plan to pursue a PhD later, you should consider applying for these fellowships during your senior year. Applications are often due in October or November. Seniors applying before their M.Eng. year are on equal footing with undergraduates from other schools, who also apply early in their fourth year. If you have prepared for your graduate studies by participating in undergraduate research projects, then you will have research to talk about and will be able to obtain good letters of recommendation from faculty members.
If you wish to apply for a fellowship, don't forget to study for, and take, the GRE during the fall.
During the first years of the M.Eng. program, many students funded their studies by serving as TAs. With declining undergraduate enrollment in the department (and a concomitant reduced need for TAs), only the most exceptional students are being accepted for TA positions.
See my advice on applying for a TA position.
A faculty member who has a research project to complete, and an excess of funds to spend, may hire M.Eng. students as RAs. From the point of view of an M.Eng. student, this situation is ideal. In return for working on your thesis (which you would have had to do anyway), your tuition is paid, and you even get $2000 per month in living expenses.
It takes a lot of work to fund a graduate student for a year. The supervisor must not only write multiple proposals to raise the money, but then must produce research results and reports to satisfy the funders, and most likely travel to give presentations to them. Therefore, the best way for you to secure (and retain!) RA funding is to convince your supervisor that your research productivity outweighs the effort of fund-raising, advising, etc.
Your job is to make sure that granting you an RA is worth it to your supervisor. Don't assume that you are entitled to funding, and don't enter a negotiation with a potential supervisor by first demanding a funding promise. It's essential to prove yourself first. Obtain an undergraduate research position to establish what you are good at and whether you have a good working relationship with the supervisor. This will also help you to figure out whether the project and the group is something that will capture your attention and your enjoyment for the next year or two. I do not recommend selling yourself to whoever will fund you. You will have more fun and do a better job by working on something that you enjoy, and the good results may well shake loose more money.
I have had generally good success with funding M.Eng. students as RAs. The very best M.Eng. students are as good researchers as a PhD student (regrettably, not all M.Eng. students rise to that level). I expect to continue funding select M.Eng. students in the future.
Some faculty members are reluctant to fund M.Eng. students. This is unfortunate, but it helps to understand the (often legitimate) reasoning behind such an attitude. Some M.Eng. students are disturbed by the apparent lack of symmetry between PhD students (who are routinely granted RA funding) and M.Eng. students (who have no such assurance). After all, both are graduate students, so shouldn't both be treated the same? The similarity in titles masks differences in the groups, however.
Back to Advice compiled by Michael Ernst.
Michael Ernst