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Ph.D. Program In Finance Financial Assistance
Assistantships
Assistantships currently begin at $14,050 per academic year (9 months) for half-time service (20 hours a week). A summer stipend of 1/6th of the 9-month stipend will be offered when funds are available, resulting in total annual funding of $16,392. Part of the $14,050 (or $16,392) is your salary compensation and part is to help pay for your share of health insurance, if the student desires to purchase health insurance. (International students are required to purchase health insurance. See http://www.iaff.ttu.edu/Home/OIA/StudentScholarServices/MandatoryHealthInsurance.asp)
Award of an assistantship also allows the student to be classified as "in-state" and waives certain fees (student services, medical services, student union fee, designated tuition, information technology fee, library fee, rec center fee, and the athletic fee). For a complete listing of tuition and fees, see http://www.depts.ttu.edu/studentbusinessservices/FeeSchedule/spring07-grad-resident.html. Thus, tuition and fees for Ph.D. students on assistantship are about $1,500 a semester. Note: Ph.D. students can also receive a refund for a portion of their BA Graduate Tuition fee. This refund is not automatic. To receive this refund, you should get a detailed summary of your tuition and fee payment and then see Frank Komarek in the Dean's office, who will process the refund.
Students who wish to apply for an assistantship should fill out the Rawls College of Business assistantship application form. Assistantships are generally available to doctoral students in good academic standing for a period of four years. Continuation of the assistantship during the four-year period is contingent upon the student making satisfactory progress toward his/her degree.
Students who have successfully defended their dissertation proposal and who are in the latter stage of their dissertation work may also be eligible to work as part-time lecturers at the Rawls College of Business for higher remuneration.
Doctoral Scholarships
At the recommendation of the Finance Department and approval by the Rawls College of Business, we award Rawls Doctoral scholarships to outstanding incoming and continuing doctoral students. A scholarship award for incoming students is based on the strength of the application. Continuation of the scholarship in subsequent years is contingent upon the student making satisfactory progress toward his/her degree. Scholarships typically range from $1,000 to $3,000 per year..
There are a number of other university-wide scholarships available. For instance, the university funds about 50 students in the amount of $2,300 in the Summer Dissertation/Thesis Research award. Since the award is a scholarship, the student can continue to be on assistantship for the summer (and thus receive funding from both the assistantship and the award). Part-time graduate students can apply for the Helen DeVitt Jones Part-Time Graduate Student Scholarship. These scholarships range in amount from $100 to $1000. (We require our Ph.D. students to be enrolled as full-time students through 90 doctoral hours. Thus, eligibility for this part-time student scholarship would be limited to students who have completed 90 hours, or in other special circumstances.) For information on other awards and scholarships, see http://www.depts.ttu.edu/gradschool/scholarships/index.php.
Travel Stipends
The graduate school budgets $100,000 for graduate student travel. For information, see http://www.depts.ttu.edu/gradschool/Images/Current/TravelGuidelines.pdf. In addition, the Finance Department often provides travel stipends for students to present research at national conferences. Some conferences also provide travel funds on a competitive basis. For example, the American Finance Association awarded 40 travel grants of $1,250 each to doctoral students to help defray costs of attending the 2007 AFA meetings, and the Financial Management Association is offering 20 travel grants of $500 each to attend the 2007 FMA meetings and plans to offer travel grants for the 2008 conference. The FMA also offers free memberships to all first, second, and third year PhD students. See http://207.36.165.114/PhD/DoctoralStudents.htm for details.
Note: there are special reporting requirements for university reimbursed student travel. For instance, the receipts provided by online travel booking services such as Expedia, Travelocity, Orbitz, etc., usually do not meet these requirements. See the following document for more information: Travel for Graduate Students
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