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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.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.
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.
Getting into a fully funded MFA program is an awesome way to get an education, but it’s also a deal where both the school and the student have an obligation to fulfill.
On the school’s side, that usually means waiving the cost of tuition for the student.
The definition of full funding varies from school to school when it comes to MFA programs.
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Generally, though, schools define it as covering the cost of tuition in addition to any combination of the following: The amount a school can award depends mainly on how much “budget” it has for the program.As you’d expect from one of the top schools in the country, the program is extremely competitive to get into.Each year only four poets and four fiction writers are admitted.The other reality is that some students are accepted into programs because of the student’s own deep pockets – the school wouldn’t have to pay for the student.Because of all this, program sizes are sometimes kept quite small – 10-12 students in total.So yes, while the amount of money some of the stipends offer is kind of low to live on, it still adds up to be at least ,000 in value.There are a lot of different MFA programs in the country, but there really are only a small number that are fully funded.If an MFA program pays out ,000 as its stipend for the year in addition to covering tuition costs, that means a student doesn’t have to worry about costs of going to school (minus the cost of textbooks and other materials) but has to worry about housing, food, and other expenses.Stipend money is supposed to be used to cover those housing, food, and other expenses.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.