Funding Opportunities

Accelerated Master’s Award

In fall 2024, the ASU Graduate College is launching the Accelerated Master's Award to provide funding to Arizona residents in accelerated master's graduate programs. Students who have completed their bachelor’s degree will be eligible for up to two semesters of this award.

About this Award

Award Details

  • Fall and spring, only — up to $1,500/semester

Terms of Award

  • Recipient must have completed bachelor’s degree and be admitted and enrolled in a graduate degree program.
  • Recipient must be an Arizona resident at the start of the awarded semester according to the ASU Registrar (
  • Recipient must be enrolled full-time as a graduate student at ASU, minimum of 9 credits in the fall or spring semester ( 
  • Recipient can receive this award for a maximum of two semesters.



Fall 2024 deadline to accept award: July 1, 2024

Spring 2025 deadline to accept award: November 1, 2024

Eligible students will be contacted with an Accelerated Master’s Award confirmation form and must complete and return the form by the deadline to receive funding.


In order to be eligible to receive this award:

  1. Student will have ASU bachelor’s degree conferred prior to the start of the awarded term.
  2. Student must be enrolled full-time in an ASU graduate degree as part of an approved accelerated master's program.
  3. Student must be considered an Arizona resident at the start of the awarded semester according to the ASU Registrar.
  4. Student must be in good academic standing and maintain a minimum 3.0 cumulative graduate GPA.

Application Procedures

At this time, ASU students are not required to apply for this award. Students who meet eligibility requirements will be contacted to accept the award terms by each semester’s deadline. If you believe you are eligible for this funding but have not been contacted, don’t hesitate to get in touch with your academic program’s academic advisor.

Additional Information


Each fellow is personally responsible for individual taxes related to this award. Additional information regarding awards-related tax issues can be found on the tax considerations webpage. Specific questions should be directed to a tax advisor or contact the ASU Financial Aid and Scholarship Services.


An overaward is when a student's need-based awards exceed their financial need, or the total of the awards exceeds the cost of attendance. If a student has been overawarded, federal regulations require ASU to adjust their awards, which may result in a reduction in awards or a bill. Need-based aid includes grants, scholarships, Federal Work-Study, Federal Perkins Loans, and outside resources (i.e., faculty/staff tuition benefits, scholarships, stipends, etc.). Non-need-based aid includes unsubsidized Federal Stafford Loans, Federal Graduate PLUS Loans, and Private Education Loans. Questions regarding overawards should be directed to the ASU Financial Aid and Scholarship Services.

About the accelerated master's program