Funding Opportunities (2024)

Even as students, computer scientists are in demand. The vast majority of Blacksburg research track graduate students were on full-time support. (Depending on the funding source, that typically means a 20 hour per week work obligation as a GTA or GRA.) GTAs and GRAs include tuition, most (but not all) fees, and a stipend of about $2500/month for nine months.Note that cost of living in Blacksburg area is low compared to most major metropolitain areas in the United States.

In addition to GTAs and GRAs, there arescholarshipsandfellowshipsavailable for graduate students. Here is information on local job opportunities near Blacksburg.

Of approximately 350 research track graduate students at the Blacksburg campus during Fall 2023, we hired over 150 Graduate Teaching Assistants (GTAs) and about 100 Graduate Research Assistants (GRAs). Many others were hired by other units on campus or at the nearby Corporate Research Center, or had funding through their government, company, fellowship, etc.

Master's thesis and Ph.D. students who receive departmental support in their first year can normally expect to receive continued support during the remainder of their course of study (typically two years for master's; four or five years for Ph.D.), as long as their job performance and degree progress are good.

Note that we no longer have a master's of science coursework-only option for non-Ph.D. students. Our coursework-only degree for non-PhD students is the Masters of Engineering (MEng) in Computer Science. MEng students do not receive funding from our department.

Graduate Teaching Assistantship (GTA):

GTA applications are accepted twice a year, in November for spring semester and in March for the following academic year. Students entering the program in fall are given an opportunity to request a GTA at the departmental orientation meeting. Be aware, however, that the department will have already screened the incoming students and awarded a pool of assistantships at the time admission offers were made. Thus, incoming students for that semester not given an assistantship from this pool generally have lower priority over continuing students for the few remaining positions.

Continuing students must have a minimum GPA of B (3.0) to be eligible for a GTA position. Decisions regarding the award of GTA positions are made by the ADH and the Graduate Program Committee. Funding decisions are largely guided by a ranking formula. Students who do not receive initial awards are placed on a waiting list and will be informed of their quartile standing on that list. The list is re-ordered at the end of the semester when new grades and GTA evaluations become available.

Graduate Research Assistantship (GRA):

Many faculty have active research programs that include funds for research assistants. Note that GRAs are most commonly awarded to students who have been in the Department for at least one semester. GRAs receive the same stipends, tuition exemption, and healthcare benefits as GTAs. Typically, GRA funding comes from grant support awarded to individual faculty members or research centers. For more information, see the various individual faculty and research center pages at this website.

Can grad students afford to live in Blacksburg on a grad assistantship? What might typical take-home pay look like for a graduate assistant after applicable deductions? What are housing costs like?

[Please note that the following was written in Spring 2021.]
One major factor affecting the typical stipend take-home pay is whether you choose to have the comprehensive fees that students pay (those not covered by the assistantship) deducted from your paycheck. Also, while the University pays most of the health insurance premium, there is a portion that the student pays, which can also be deducted from the paycheck. If you do choose both of these automatic deductions (most students do), then the actual take-home pay, after all taxes and deductions, would typically be about $700 per pay period or about $1,400 per month.

A major factor for any grad student at any school will be the cost of housing. You should never try to compare the take-home pay for assistantships at different universities without also factoring in the cost of housing. For those attending the Blacksburg campus, you can find some typical housing costs.

The CS Grad Council has provided some resources for new students regardinghousing information ontheir website.For those attending the National Capital Region campus, you can find information on housing options here. Students on assistantship at the NCR are normally paid more than are students at Blacksburg to help compensate for the higher cost of living.

Some additional reference material on assistantship compensation, deductions, and insurance is provided below:

Funding Opportunities (2024)

FAQs

How do you identify funding opportunities? ›

Research Funding Sources:
  1. Explore a variety of funding sources, including government agencies, private foundations, corporate grants, and other philanthropic organizations.
  2. Utilize online databases, grant directories, and funding websites to identify potential opportunities.

How do I find funding? ›

9 Realistic Ways To Fund Your Startup
  1. Friends and Family. Borrowing money from friends and family is a classic way to start a business. ...
  2. Small Business Loans. ...
  3. Trade Equity or Services. ...
  4. Bootstrapping. ...
  5. Incubator or Accelerator. ...
  6. Crowdfunding. ...
  7. Small Business Grants. ...
  8. Local Contests.

What is a funding opportunity? ›

A Funding Opportunity Announcement (FOA) is the document all federal agencies use to announce the availability of grant funds to the public. What Are Some Key Elements in an FOA? By federal regulation, all FOAs must include the following key information: • Program purpose, goals, and measurement.

What are the five methods of funding? ›

Some common options to consider include angel investors, friends and family, bootstrapping, crowdfunding, and bank loans. A company may require financing for a multitude of reasons, including keeping enough working capital, acquiring assets, expanding the company, debt restructuring, etc.

What are the three sources of funding? ›

The main sources of funding are retained earnings, debt capital, and equity capital. Companies use retained earnings from business operations to expand or distribute dividends to their shareholders. Businesses raise funds by borrowing debt privately from a bank or by going public (issuing debt securities).

How do startups find funding? ›

Startup funding can involve self-funding, investors and loans and may be sourced from banks, online lenders, people close to you or your own savings account.

How can I get easy funding? ›

Choose one of the following ways to raise a fund for your startup.
  1. Investments from Close Network. ...
  2. Government Schemes. ...
  3. Find an Angel Investor. ...
  4. Venture Capitalists. ...
  5. Bank Loans. ...
  6. Startup Incubators and Accelerators. ...
  7. Crowdfunding. ...
  8. Bootstrapping (Self-Financing)
Aug 19, 2024

How do you seek funding? ›

Fund your business
  1. Determine how much funding you'll need.
  2. Fund your business yourself with self-funding.
  3. Get venture capital from investors.
  4. Use crowdfunding to fund your business.
  5. Get a small business loan.
  6. Use Lender Match to find lenders who offer SBA-guaranteed loans.
  7. SBA investment programs.
Jul 16, 2024

How do I get a source of funds? ›

Examples of Source of Funds
  1. wages, bonuses, dividends, and other income from employment.
  2. pension payments.
  3. interest from personal savings.
  4. returns on investments.
  5. money from property sales.
  6. legitimately won money, such as that received from betting or winning the lottery.
  7. inheritance and gifts.

Does the government give out $9000 dollar grants? ›

The government does not offer "free money" for individuals. Federal grants are typically only for states and organizations.

What is the most common grant? ›

The most popular type of grant is for Program support. Program grants provide funding for specific projects or programs.

How can you get money from the government? ›

Get information on government programs that may help you pay for food, housing, health care, and other basic living expenses.
  1. Food assistance. ...
  2. Housing help. ...
  3. Help with utility bills. ...
  4. Benefit finder. ...
  5. Welfare benefits or Temporary Assistance for Needy Families (TANF) ...
  6. Health insurance. ...
  7. Social Security.

What is the most common source of funding? ›

What Is the Most Common Source of Funding for Entrepreneurs? The most common sources of business startup capital include personal savings, family and friends, bank loans, angel investors, venture capital, crowdfunding, small business grants, business incubators and accelerators, self-funding, and revenue financing.

What are the two main types of funding? ›

To raise capital for business needs, companies primarily have two types of financing as an option: equity financing and debt financing.

What are the sources of grant funding? ›

Source of Funds (SOF) Examples

Inheritances or gifts received. Compensation from legal settlements. Profits from investments or legitimate business activities or. Proceeds from the sale of assets such as stocks or real estate.

How do you determine funding requirements? ›

To know how much money you need, add up all of your expenses (from #2), and use those numbers to project how much money you will need on a monthly, quarterly, and annual basis. Subtract out the amount you will generate from sales (from #4). As your sales projections grow, your monthly deficit will decrease.

How do you identify investment opportunities in a project? ›

  1. 1 Define your criteria. The first step to finding investment opportunities is to define your criteria. ...
  2. 2 Research the market. ...
  3. 3 Evaluate the performance. ...
  4. 4 Assess the risk. ...
  5. 5 Diversify your portfolio. ...
  6. 6 Monitor and review. ...
  7. 7 Here's what else to consider.
Sep 22, 2023

How do you recognize grant funding? ›

If you receive funding from a public agency, you should consider writing a letter of appreciation to the governmental body. For example, if your county Arts Council provides a grant, you would write a letter to your region's County Supervisor. Copy the letter to the granting organization as well.

How do you identify funding gaps? ›

Develop a comprehensive financial forecast, including projected revenues, expenses, and cash flow, to identify potential funding gaps early. Implement strategic cash flow management, focusing on timely invoicing, efficient accounts receivable collection, and controlled accounts payable.

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