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Since economics is rapidly climbing the ranks as one of the highest paying and most popular college majors, many organizations and universities have established scholarships for economics majors to take advantage of this demand.
Although some students may be cautious about selecting a major in economics due to a phobia of mathematics or statistics, it is important to realize that an economics degree can also open many doors in the political research, government, finance, corporate management, law, non-profit, education, and public administration industries, too.
In order to fulfill your professional goals in these dynamic fields without accumulating mountains of student loan debt, the following are 25 of the most generous scholarships available specifically for economics majors.
1. ¡Adelante! Fund MillerCoors Brewing Company Scholarship
Deadline: May 30th
In order to address the increasing epidemic of Hispanic college drop-outs, the MillerCoors Brewing Company created the ¡Adelante! Fund Scholarship to present $3,000 annually to Latino college students pursuing an undergraduate degree in international business, business, economics, finance, accounting, marketing, or public relations. Eligible candidates must have junior or senior-level status at a participating accredited U.S. university, maintain full-time enrollment, and possess a minimum cumulative GPA of 3.0 or better.
Contact
¡Adelante! Fund MillerCoors Brewing Company Scholarship
8415 Datapoint Dr. Suite 400
San Antonio, TX 78229
(210) 692-1971
info@adelantefund.org
2. American Institute for Economic Research Summer Fellowship
Deadline: April 1st
Each year, the American Institute for Economic Research (AIER) introduces the Summer Fellowship program for junior and senior-level undergraduate and graduate students majoring in economics, finance, business, or other related fields to enhance their understanding on economic concepts through real-world hands-on research experience. In order to qualify for the fellowship with a generous stipend, candidates must submit a current resume, writing sample, personal statement, official transcript, and two letters of recommendation.
Contact
American Institute for Economic Research Summer Fellowship
250 Division St.
P.O. Box 1000
Great Barrington, MA 01230
(413) 528-0103
internships@aier.org
Program Website
3. Appraisal Institute Education Trust Graduate Scholarship
Deadline: April 15th
The Appraisal Institute Education Trust (AIET) Graduate Scholarship is available annually for $2,000 to help finance the educational endeavors of graduate students who have concentrated their studies in real estate appraisal, land economics, real estate, economics, or other allied fields. Applicants must be a full-time or part-time student at a U.S. degree-granting institution, be enrolled in a master’s or doctoral degree program, and have a strong academic record.
Contact
Appraisal Institute Education Trust Graduate Scholarship
200 West Madison Avenue Suite 1500
Chicago, IL 60606
(312) 335-4134
educationtrust@appraisalinstitute.org
4. Barbara Miller Memorial Scholarships
Deadline: February 15th
At the University of Nebraska Omaha, the Barbara Miller Memorial Scholarships are granted annually for $1,000 to junior and senior undergraduate students enrolled on a full-time basis in the College of Business Administration with a declared major in economics. If recipients of the junior award maintain full-time enrollment and a cumulative GPA of 3.5 or higher in both semesters, the scholarship can be renewed for the senior year.
Contact
Barbara Miller Memorial Scholarships
Mammel Hall Suite 332
6708 Pine St.
Omaha, NE 68182
(402) 554-2538
dbaum@unomaha.edu
5. Carolyn and Richard Lichty Scholarship in Economics
Deadline: February 25th
In honor of the former Professor Emeritus of the Department of Economics who retired in 2007, the University of Minnesota Duluth (UMD) awards the Carolyn and Richard Lichty Scholarship in Economics for $1,500 each year to deserving upper-division undergraduate students who are currently pursuing a major in economics. Qualified candidates must be registered for 15 semester credits or more, have junior or senior-level standing, and possess at least a cumulative GPA of 2.5 or better in all lower-division economics courses.
Contact
Carolyn and Richard Lichty Scholarship in Economics
1318 Kirby Drive
Duluth, MN 55812
(218) 726-7281
lsbe@d.umn.edu
6. Daniel M. Bylander Economics Scholarship
Deadline: March 12th
Created in honor of a long-time professor of economics within the University of South Dakota’s Beacom School of Business, the Daniel M. Bylander Economics Scholarship is given to undergraduate or graduate students who are currently enrolled full-time in an economics degree program offered by the university. To be eligible, students must have maintained a GPA of 3.0 or better, be entering the junior or senior year, and be graduates of a public or private high school within South Dakota.
Contact
Daniel M. Bylander Economics Scholarship
414 East Clark St.
Vermillion, SD 57069
(605) 677-5567
economics@usd.edu
7. Dr. Harvey Paul Scholarship for Economics
Deadline: February 11th
Open to all full-time freshman, sophomore, junior, and senior-level students enrolled in the College of Business and Economics at Towson University with a declared major in economics, the Dr. Harvey Paul Scholarship for Economics presents $1,000 to students based on ability and financial need. Qualified applicants must be Maryland residents, have a cumulative GPA of 3.0 or higher in major coursework, and possess a minimum SAT score of 1100.
Contact
Dr. Harvey Paul Scholarship for Economics
Stephens Hall Room 218
8000 York Rd.
Towson, MD 21252
(410) 704-3576
mchambers@towson.edu
Scholarship Link
8. Enid Hall Griswold Memorial Scholarship
Deadline: February 15th
Funded by the National Society Daughters of the American Revolution (DAR), the Enid Hall Griswold Memorial Scholarship is distributed annually as a one-time award for $1,000 to a deserving junior or senior-level undergraduate student who is pursuing a major in political science, economics, government, or history. Eligible applicants should be enrolled full-time in an accredited college or university in the United States, have a minimum cumulative GPA of 3.25 or higher, and demonstrate financial need for assistance.
Contact
Enid Hall Griswold Memorial Scholarship
1776 D St. NW
Washington, DC 20006
(202) 628-1776
scholarships@dar.org
9. Geetha Raha Scholarship for Economics Majors
Deadline: March 1st
Established by the Department of Economics at Boise State University to recognize students who have the potential to become high-achieving professional economists, the Geetha Raha Scholarship for Economics Majors provides up to $1,500 to full-time junior or senior economics majors who have completed at least six credit hours of upper-division major courses. In order to qualify for the funding, students must have strong academic achievement with a minimum overall GPA of at least 3.0 or better.
Contact
Geetha Raha Scholarship for Economics Majors
1910 University Dr.
Boise, ID 83725
(208) 426-3351
econdept@boisestate.edu
10. Helen D. Snow Memorial Scholarship Fund
Deadline: Varies
Administered by Phi Chi Theta as the co-ed professional fraternity for business and economics, the Helen D. Snow Memorial Scholarship Fund grants annual awards for national members in good standing who are enrolled in an approved U.S. institution in pursuit of a bachelor’s, master’s, or doctoral degree in the fields of business and/or economics. Selection will be based on scholarly achievements, chapter contributions, academic performance, community service involvement, and fraternity officer recommendations.
Contact
Helen D. Snow Memorial Scholarship Fund
1508 East Belt Line Rd.
Carrollton, TX 75006
(972) 245-7202
scholarships@phichitheta.org
11. Institute for Capacity Development Scholarship Program
Deadline: January 31st
Granting up to seven scholarships annually on a competitive basis, the Institute for Capacity Development Scholarship Program is available for Japanese scholarships who are seeking to obtain a Ph.D. degree in macroeconomics in preparation for working as an economist at the International Monetary Fund (IMF). Eligible candidates must be Japanese citizens, able to obtain a doctoral degree by age 34, and studying at a Ph.D. program at any university with a strong macroeconomics program in the United States.
Contact
Institute for Capacity Development Scholarship Program
1900 Pennsylvania Avenue NW
Washington, DC 20431
(202) 623-7000
japanimfscholarship@iie.org
12. Jacquelene M. Browning Memorial Scholarship
Deadline: February 1st
Established in memory of a beloved faculty member in the Department of Economics at Texas A&M University, the Jacquelene M. Browning Memorial Scholarship offers up to $1,500 in financial support to economic majors who will have at least sophomore standing in the following fall semester. Qualified candidates must have a minimum cumulative GPA of at least 3.5 or higher, have completed two honors courses by the end of the semester, and be Texas residents enrolled on a full-time basis.
Contact
Jacquelene M. Browning Memorial Scholarship
3035 Allen Rd.
College Station, TX 77843
(979) 845-7351
tjg@econmail.tamu.edu
13. James Kindahl Award for Excellence in Economics
Deadline: March 14th
Created by the Department of Economics at the University of Massachusetts at Amherst in honor of the former Chair who passed in 2003, the James Kindahl Award for Excellence in Economics is granted for $1,000 each year to a full-time undergraduate or graduate economics student with a record of excellence. Preference will be given to students who demonstrate outstanding academic achievement, exhibit a commitment to social issues or public policy concerns, and possess strong writing skills.
Contact
James Kindahl Award for Excellence in Economics
Thompson Hall Room 1024
200 Hicks Way
Amherst, MA 01003
(413) 545-2082
jcrocker@econs.umass.edu
14. Julia and Harold Fenton Memorial Scholarship
Deadline: February 14th
For those who excel in the study of economics and carry this excellence through their studies or extra-curricular activities, the Julia and Harold Fenton Memorial Scholarship is bestowed annually to a full-time junior economics major at the University of Connecticut who demonstrates academic achievement and interest in pursuing graduate studies. As stipulated by the donors, priority will be given to students who demonstrate significant involvement in community service and financial need.
Contact
Julia and Harold Fenton Memorial Scholarship
365 Fairfield Way Unit 1063
Storrs, CT 06269
(860) 486-3022
economics@uconn.edu
Scholarship Link
15. Lorraine A. and Dwight Stone Scholarships
Deadline: February 28th
At the University of Wisconsin-Madison, two Lorraine A. and Dwight Stone Scholarships for $5,000 apiece are presented annually to undergraduate declared economics majors in the College of Letters and Sciences with an official home residency in the states of Minnesota or Iowa. Qualified economics majors must have four full-time terms of study remaining and have proof of academic merit with a cumulative GPA of 3.0 or better in all major coursework.
Contact
Lorraine A. and Dwight Stone Scholarships
1180 Observatory Dr.
Madison, WI 53706
(608) 262-9996
scholarships@em.wisc.edu/
16. Mid-Atlantic Security Traders Foundation Scholarships
Deadline: April 15th
As a non-profit organization that works to improve business standards for buying, selling, and trading of securities, the Mid-Atlantic Security Traders Foundation offers $2,500 scholarships for undergraduate students in Maryland, Virginia, and Washington, DC who are sophomore or junior business majors with a concentration in finance or economics. Applicants must submit a 500-word essay on securities markets, an official transcript, and two recommendation letters.
Contact
Mid-Atlantic Security Traders Foundation Scholarships
901 East Byrd St. Suite 500
Richmond, VA 23219
(804) 780-3265
lludeke@scottstringfellow.com
17. National Dairy Shrine Milk Marketing and Dairy Products Scholarships
Deadline: April 15th
With the goal of encouraging undergraduate sophomore and junior students to pursue careers in the marketing of milk or dairy products, the National Dairy Shrine Milk and Marketing Dairy Products Scholarships are available for up to $1,500 to students majoring in dairy science, agricultural economics, dairy genetics, dairy nutrition, or dairy marketing. Recipients will be chosen annually based on leadership potential, involvement in extra-curricular activities, academic performance, and career interests within the dairy industry.
Contact
National Dairy Shrine Milk Marketing and Dairy Products Scholarships
P.O. Box 725
Denmark, WI 54208
(920) 863-6333
info@dairyshrine.org
Scholarship Link
18. Newt and Joanne Kindlund Family Foundation Scholarship
Deadline: March 31st
Sponsored by the Recreational Vehicle Dealers Association (RVDA), the Newt and Joanne Kindlund Family Foundation Scholarships provide up to $2,500 in financial support to deserving sophomore, junior, and senior-level college undergraduate students in the U.S. who are majoring in business, finance, economics, accounting, or any subject related to the RV industry. Selection for awarding the scholarship will be based on applicants’ desire to find employment within the RV business after completing post-secondary education.
Contact
Newt and Joanne Kindlund Family Foundation Scholarship
3930 University Dr.
Fairfax, VA 22030
(703) 591-7130
jnewhouse@rvda.org
19. NSHSS Foundation Economics Scholarships for Public Policy
Deadline: April 15th
Annually, the National Society of High School Scholars (NSHSS) Foundation awards multiple Economics Scholarships for Public Policy for $1,000 to graduating high school seniors in the United States who have been accepted into a four-year institution to pursue a degree closely related to economics and/or public administration. Eligible seniors must have a minimum cumulative GPA of 3.0 and demonstrate a desire to better understand the role of economic factors in public policy formulation.
Contact
NSHSS Foundation Economics Scholarships for Public Policy
1936 North Druid Hills Rd.
Atlanta, GA 30319
(404) 235-5500
beth.pann@nshssfoundation.org
20. Phelps County Bank Scholarship
Deadline: December 1st
For undergraduate and graduate students in Missouri, the Phelps County Bank Scholarship was established to provide up to $2,000 to individuals majoring in economics, microeconomics, macroeconomics, finance, international trade, or government policy who are interested in pursuing a career within the banking industry. While preference will be given to students enrolled at the Missouri University of Science and Technology, anyone attending an accredited four-year institution in Missouri is welcome to apply.
Contact
Phelps County Bank Scholarship
220 North Jefferson St.
St. James, MO 65559
(573) 265-3222
21. Robert and Ronald Besonen Economics Scholarship
Deadline: March 15th
Within the School of Public Affairs at St. Cloud State University, the Robert and Ronald Besonen Economics Scholarship is awarded annually for $1,500 to undergraduate students who are actively pursuing a double major in economics and finance. Qualified candidates must be currently participating in a business-related SCSU student organization, be working part-time to meet the costs of college education, and have a minimum cumulative GPA of 3.0 or greater.
Contact
Robert and Ronald Besonen Economics Scholarship
720 4th Avenue South
St. Cloud, MN 56301
(320) 308-0121
economics@stcloudstate.edu
Scholarship Link
22. Ron Ulmer Endowed Scholarship in Economics
Deadline: March 24th
With the purpose of providing the opportunity to receive a degree in economics to students who may have only average grades, the Ron Ulmer Endowed Scholarship in Economics is offered each year at Illinois State University for undergraduate economics majors who have completed at least two semesters with a minimum cumulative GPA of 2.2 or higher. In order to receive the $500 award, students must demonstrate financial need, average academic achievement, and a passion for learning more about economics.
Contact
Ron Ulmer Endowed Scholarship in Economics
Campus Box 4200
Normal, IL 61790
(309) 438-8625
dmarcia@ilstu.edu
23. Scarlett Family Foundation Scholarships
Deadline: December 15th
Each year, the Scarlett Family Foundation awards numerous college scholarships for up to $15,000 to middle Tennessee students who are attending any public or private U.S. institution to pursue a business degree in accounting, advertising, business administration, economics, entrepreneurship, finance, healthcare management, human resources, international business, management, marketing, organizational development, or public relations. Qualified applicants must demonstrate financial need, have a cumulative GPA of 2.5 or higher, and be a legal resident from one of the eligible Tennessee counties.
Contact
Scarlett Family Foundation Scholarships
1321 Murfreesboro Rd. Suite 800
Nashville, TN 37217
(615) 777-3750
info@applyists.com
24. Shapiro Scholarships for Economics Majors
Deadline: February 28th
Through the generosity of retired professor Dr. Edward Shapiro, the University of Toledo annually presents the Shapiro Scholarships for Economics Majors for $5,000 to undergraduate or graduate students majoring in economics with an excellent academic record, good communication skills, and great promise for an outstanding career in economics. Applicants must be enrolled full-time, have a cumulative GPA of 3.5 or better, and submit an essay.
Contact
Shapiro Scholarships for Economics Majors
University Hall Room 4140
Mail Stop #922
Toledo, OH 43606
(419) 530-2572
michael.dowd@utoledo.edu
25. Vivian and Arnold Sallie Underrepresented Student Scholarship
Deadline: March 1st
At Indiana University South Bend, the Vivian and Arnold Sallie Underrepresented Student Scholarship was established by the Judd Leighton School of Business and Economics to award up to $1,500 to outstanding undergraduate business and/or economics students with a minimum cumulative GPA of 3.0 or higher. Qualified underrepresented minority candidates with diverse cultural experience must have completed a minimum of 12 credit hours, be enrolled at least half-time, and demonstrate financial need.
Contact
Vivian and Arnold Sallie Underrepresented Student Scholarship
1700 Mishawaka Avenue
P.O. Box 7111
South Bend, IN 46634
(574) 520-4872
Scholarship Link
If you are interested in learning more about the allocation of the world’s resources, majoring in the social science of economics will ensure you have an in-depth knowledge on the economic theories related to how the world’s markets operate and how economic pressures drive the actions of governments. Due to the fact that rising tuition costs make earning a degree in economics increasingly more difficult, be sure to check out these 25 great scholarships for economics majors to lower the financial burden of achieving your fullest academic potential in this high-paying field.
