I think that one of the hardest things about doing a PhD might be finding money. For my own studies, I know that I would have been unable to proceed without a studentship or other large funding source—which makes me very grateful to have been offered more than one studentship when I was seeking a place to study. (Sadly, I’ve heard many stories from people who’ve been unable to do a PhD because they weren’t so lucky.)
Whilst some people awarded studentships no longer need to find additional forms of finance for their studies, as they’re offered a tuition waiver as well as a small living stipend, that’s not the case for every student in recipient of a studentship.
For example, I am on a studentship but as an international student, I have to pay the difference between domestic and international tuition out of pocket. (Which is a lot of money for someone like me!) And that means I will spend my years as a PhD student applying for scholarships to help cover the gaps.*
Yesterday, I applied for my first scholarship of my PhD career** and I am now trying to find others that I may qualify for. I’ve decided that I will apply for as many scholarships and grants as I can get with the idea that finding “too much” money one year can help off-set a lack of money for another—but I have to remember that I am only one of many applying for the same pots of funding.
I have a list of scholarships that I will be applying for when they open up for the 2014/15 academic year and I am constantly on the look-out for more. But I’m also realising that I need to start looking at travel grants and conference scholarships so that I can further my training and knowledge by attending academic events throughout the UK, Europe, and even the world.
I am not stressed out about money (right now) but I realise that many PhD students (and students in general) spend a lot of time worrying about their finances and I imagine it makes a big impact on the amount of time they spend worrying about their studies.
So, what is this post about? I guess it’s a bit of an introduction to one of the general topics I’ll likely be covering throughout my studies: Finances!
Yes, part of Just a PhD will be devoted to talking about how I am working to add to my PhD budget—as well as how I plan to stretch the limited funds I have now. Those things will include scholarship applications, paid opportunities through the university (if there are any), and my own frugality which I’ve been perfecting since my teen-aged years.
And if you know of any great scholarships I should be applying for, please do give a shout! Every little penny counts and as soon as I have a bit more financial security, I can spend less time worrying about money and more time doing important things like PhDing!
* I have been blessed with a place to stay in a friend’s home until I can find funding, which means that I am not at risk of starvation or homelessness. Having a bit of stability helps! (As does having generous friends!)
** I applied for a few before I began my studies but have yet to be successful. I won’t give up though!