free phd economics

Best Free PhD Programs 2025. Fully funded Online PhD programs

When you research about PhD programs, you may see that some are quite popular. Some include fully funded online PhD programs.

It represents a golden opportunity wherein all tuition fees and living expenses are covered by the educational institution, allowing students to focus on their research and studies free from financial constraints.

In this blog post, we explore what fully funded really means, share the my personal journey of pursuing a PhD in Australia, delve into the policies of various countries offering free or nearly free PhD programs, and provide key tips for securing a fully funded PhD opportunity.

Whether you’re considering a domestic program or an international adventure, the insights and tips offered here could pave the way to an invaluable, financially stress-free academic journey.

Fully Funded Online PhD Programs In The US

Here are some examples of PhD programs in the states that have been free and fully funded through scholarships and other grants that you may be able to apply for:

Online and On-Campus Doctoral Degrees

• Applicants to the Ph.D. in English program at UCLA are automatically considered for various funding options. A six-year funding package includes “a minimum of two years of full fellowship, four years of summer stipend support, and up to four years of teaching assistantships.” Beyond tuition, fees and health insurance are also covered.

Connecticut

• At Yale University, the School of Nursing offers full funding to its Ph.D. students. They receive a monthly stipend for four years in addition to paid tuition and health care.

District of Columbia

• Georgetown University offers scholarships and assistantships that cover full tuition and include a stipend and health insurance for the first five years to students in its PhD program in computer science.
• Students enrolled in the economics Ph.D. program at Emory University typically receive full funding. The stipend provided to students is $36,376 per year for five years, starting in fall 2023, and the full tuition scholarship is worth $70,200 per year. Funding for admitted students also includes a $4,370 annual subsidy that covers 100% of a student’s cost of health insurance. First-year students have no stipend-related work requirements.
• The University of Chicago provides funding for up to eight years of study for its anthropology PhD students. This includes a full-tuition scholarship, health insurance, and a living stipend of $33,000 for the 2022-2023 academic year. Students are also eligible to apply for external fellowships.
• University of Notre Dame doctoral students are guaranteed five years of funding, ensuring that their doctorate program is supported financially. Funding includes a full scholarship, including tuition and fees, plus a stipend and health insurance, making it similar to free tuition.
• The Tippie College of Business at the University of Iowa provides full funding to “virtually all admitted students.” This includes tuition and fees, a minimum nine-month stipend of about $20,000 with annual adjustments, and 90% coverage of comprehensive health insurance. Additional funding is also provided for research presentations at major conferences, summer fellowships, and paid time off for independent research.
• At the University of Maryland’s Harriet Tubman Department of Women, Gender and Sexuality Studies, Ph.D. students without a master’s degree usually have five years of guaranteed funding. Those with a master’s degree usually are funded four years, with awards stemming from a mix of departmental fellowships and graduate teaching assistantships.

Massachusetts

• The T.H. Chan School of Public Health at Harvard University offers a PhD in biological sciences in public health, providing expertise in disease prevention and treatment. This program includes tuition, a stipend, and health insurance for five years, assuming students maintain satisfactory academic progress. Current research involves diseases such as AIDS, cancer, diabetes, kidney disease, malaria, and tuberculosis.
• Students enrolled at the Sloan School of Management at MIT have the opportunity to study various fields, such as organization studies, accounting, and information technology. They receive a full-tuition scholarship, a monthly stipend of $4,267, medical insurance, new laptops at the start of their first and fourth years of study, and $4,500 over five years for conference travel expenses.
• Doctoral students studying English at Boston University receive a stipend plus full tuition, fees, and basic health insurance. This funding is guaranteed for at least five years, with two of those years typically free from teaching requirements. Funding can sometimes be extended up to seven years, but it’s not guaranteed. Students may also apply for various prizes, fellowships, and short-term research and travel grants.
• Doctoral students in engineering at the University of Michigan—Ann Arbor are guaranteed full funding, a monthly living stipend, and health insurance. The exact amount can vary and funding comes from a range of sources, including graduate student instructor positions and fellowships.
• Students admitted to the Ph.D. program to study psychology at the University of Minnesota—Twin Cities are guaranteed full funding for five years as long as they maintain satisfactory performance and degree progress. This funding includes full-time tuition, a nine-month stipend, and subsidized health insurance.
• PhD students in computer science or computer engineering at Washington University in St. Louis receive full tuition support, health insurance, a generous stipend for living expenses, and a new high-end Apple laptop computer. This support is guaranteed as long as students continue to make satisfactory progress towards their degree.
• Full-time NYU Steinhardt Ph.D. students are eligible for a funding package that includes an annual stipend – $32,000 for the 2022-2023 academic year – tuition coverage for required coursework and student health insurance for five years.
• All students admitted to the interdisciplinary management Ph.D. program at the Binghamton University—SUNY School of Management in New York receive a combination of a full-tuition scholarship and a teaching or research assistantship for each academic year, up to four years.
• Cornell University offers full funding to all students admitted to its PhD program in chemical engineering. This funding can come from a teaching assistantship, research assistantship, or fellowship, and full stipends are granted for nine months, with the likelihood of additional aid in the summer.
• Columbia University provides fully funded tuition and a $25,000 annual stipend for three years to students enrolled in its PhD program in clinical psychology. This stipend also carries into the student’s fourth year, during which they may be expected to serve as a graduate teaching or research assistant.

North Carolina

• Doctoral students at Duke University studying materials science and engineering generally receive full tuition, a stipend, and fee support for the first five years. Students also receive up to six years of health insurance if they are on the university’s student medical insurance plan.

Pennsylvania

• The University of Pennsylvania Graduate School of Education provides full funding to Ph.D. students as part of a fellowship and research apprenticeship package. This funding includes a living stipend, health insurance and coverage of tuition and fees for up to four years if the student maintains full-time enrollment. Some students may also qualify for additional summer funding.
• Students admitted to Bryn Mawr College’s Ph.D. program in social work receive full tuition waivers and “substantial stipends” toward living expenses.
• University of Notre Dame doctoral students are guaranteed five years of funding. Funding includes a full scholarship, including tuition and fees, plus a stipend and health insurance.

Rhode Island

• Brown University guarantees full financial support for five years to its PhD students in computer science. This includes tuition remission, a stipend, health services fees, and a subsidy for health insurance.
• Funding is guaranteed for all admitted doctoral students enrolled in the special education Ph.D. program at Vanderbilt University. This includes full tuition, a “competitive” monthly stipend, and health insurance for up to four years.
• Rice University offers full financial assistance to students admitted to the PhD program at the Jones Graduate School of Business. This includes a research or teaching assistantship, a tuition waiver, and a $40,000 annual stipend, contingent upon maintaining satisfactory academic progress and full-time student status.
• All students admitted to the University of Virginia’s Ph.D. in Nursing program are eligible for four years of scholarship funding to cover tuition, insurance, and fees, as well as annual stipends. To receive certain aid, students must work 10 hours per week as a graduate teaching assistant.

Washington D.C.

• American University offers doctoral students in its international relations program who do not have external funding a renewable four-year Dean’s Fellowship that is contingent on making satisfactory academic progress. The fellowship includes the cost of tuition, fees, and a stipend that must be earned via a part-time role as a teaching or research assistant.
• The University of Wisconsin—Madison guarantees full funding for the duration of the time doctoral students are expected to be on campus. This funding may come from financial aid, fellowships, assistantships, and/or traineeships. In addition, doctoral students receive a benefits package that includes health insurance.

Can You Get A Fully Funded PhD Program Online – The Truth About Doctoral Programs!

It is very uncommon to find a fully free online PhD program – Universities are businesses and want you to pay money to get their qualifications.  Also, it is very common for PhD students to get paid via stipends throughout their PhD.

However, there are countries that offer scholarships and fee-waived places in their doctoral programs – check that out below!

Typically, Ph.D. programs require tuition unless otherwise stated or funded by scholarships, grants, or assistantships.

In general, online Ph.D. programs require tuition payments, but financial aid options such as scholarships, grants, and assistantships can reduce or cover costs for eligible students, making these online phd studies more accessible.

Always check the specific program details for financial aid opportunities.

What Does Fully Funded Mean In a Doctorate Program?

The concept of a “fully funded” PhD program signifies that the entirety of expenses related to the doctoral program is covered. This includes tuition fees, which are either waived or entirely paid for by the educational institution.

Beyond tuition, the program also encompasses a living stipend or allowance given to doctoral students. 

Fully funded PhD programs essentially function as a comprehensive scholarship , covering everything from tuition fees to books and other necessary supplies.

While the stipend amount can vary based on the institution, it is generally sufficient to cater to the basic living expenses of the students, covering rent, food, and transportation costs.

The main aim of providing this stipend to doctoral students is to facilitate a learning environment where they can focus entirely on their studies, research, and dissertation, without the distraction of financial pressures. 

Universities, including public ones, offer these fee-waived doctoral programs with the intention to draw in the best students.

These students, in turn, are expected to contribute significantly to the advancement of research in their respective fields and derive a high-quality education from their doctorates.

It is important to note that eligibility for these scholarships or stipends requires proof of commitment to the doctoral degree. In my experience, this meant securing a top-class master’s degree.

This reassured the university of my dedication to pursuing a PhD and furthering my education.

In recent years, there has been a rise in such fully funded programs online , offering a wider reach for prospective PhDs.

As we move further into 2023, students may increasingly opt for these online PhD programmes, making the pursuit of doctoral degrees more accessible than ever.

Countries with a free PhD / fully funded PhD – How much does a PhD cost in other countries?

Sometimes doing a free PhD means going abroad and doing your PhD in another country.

Personally, I travelled to Australia to do my PhD for the adventure and lifestyle. I was able to get a fee-waived placement and international student fee waiver for three years to finish my degree.

Here’s a summary of some of the best countries you could do you PhD in if you want to do it for free.

In the Czech Republic , public universities host a multitude of English-language PhD programs and these programs are free for all PhD students, irrespective of their nationality.

However, additional costs may be incurred by international students which might include language courses, health insurance, or student services fees, depending on the university policies.

Sweden maintains a unique policy that not only eradicates PhD fees at public universities but also provides study grants to some PhD students, which serves as a financial aid for their living expenses during the tenure of their studies.

In Germany , public universities offer feeless PhD programs to all students, which can include free PhD programs online. However, a nominal administration fee, approximately €300 per semester, is required.

This fee usually covers student services and perks like public transportation and access to university facilities.

Austria ‘s policy benefits PhD students from within the EU and EEA who complete their doctorates within a stipulated time frame, offering free education at public research universities.

International students, on the other hand, have to pay fees, which, nonetheless, are capped by the Austrian government to maintain affordability.

Norway , like its Nordic counterparts, offers free PhD education at public universities to all students, regardless of their origin. But a small semester fee, usually covering student services, is obligatory.

Denmark also practices a policy of free PhD education for EU, EEA, and Swiss students at public universities, but international students are required to pay fees, which are generally on the higher side compared to other European countries.

Finland doesn’t discriminate in terms of nationality and offers free PhD studies at public universities. However, international students are charged for their Masters programs.

Saudi Arabia stands out with its unique policy where all PhD students are awarded scholarships that automatically cover their education fees, as well as help them with living expenses.

In the Netherlands , PhD study isn’t universally free, but many institutions extend the offer of free PhD study to international postgraduates. Some universities consider the PhD students as university employees, offering them a waiver on fees and potentially a salary or benefits.

Switzerland , although not offering free PhD studies, keeps its fees low at around CHF 1500 per year at public universities. State-funded PhD positions are also available to EU, EEA, and Swiss students that come with no fees and a maintenance grant.

Top tips for finding a PhD for free – online and on-campus

Here are the top tips I would give you when Choosing a free PhD.

• Apply to STEM programs: Many PhD (and Master’s) programs, especially in the STEM (Science, Technology, Engineering & Math) fields, are fully funded in the US. Most state schools and Ivy League schools have fully funded programs for these fields.
• Prepare for stiff competition: Because these programs are fully funded, the competition is high. It’s not uncommon for hundreds or even thousands of students to apply to these programs each year, with only a small fraction being accepted.
• Consider assistantships: Fully-funded programs usually provide a stipend in the form of Graduate Teaching Assistant (GTA) or Graduate Research Assistant (GRA) positions. These roles involve either teaching or conducting research under a professor’s supervision.
• Be ready for some costs: Despite tuition being covered, you may still need to cover some school fees, student insurance, and other miscellaneous expenditures.
• Don’t consider unfunded programs: Many graduate programs do not fund students, but experts advise against attending these schools. The availability of funding indicates the health of the department in terms of research money and growth.
• Work on your application: The application process generally starts around September to December for many accredited online doctorate degrees. Standardized tests such as GRE and TOEFL/IELTS are required, along with transcripts, recommendation letters, and a statement of purpose.
• Avoid programs that require you to pay: It’s a common sentiment among experts that if you’re paying to be a PhD student, there might be something wrong with the program.
• Apply for fellowships: There are graduate fellowships available for international students that cover tuition and offer a monthly stipend.

Wrapping up – Free Doctoral Degree Program And Online Doctoral Program – Get A PhD

This comprehensive article delves into everything you need to know about free PhD programs, also known as fully funded PhD programs, including the essential details, benefits, and potential challenges that students may encounter.

The term “free PhD” generally refers to a fully funded program that covers tuition fees and provides a stipend for living expenses, allowing students to complete their PhD studies without financial burden.

It is crucial to understand why you should never enter a PhD program without proper funding. Hence, pursuing a free or fully funded PhD should be a priority for all PhD students, regardless of nationality or field of study.

These programs may be offered both online and on-campus by various top universities around the world.

Fully funded PhD programs cater to both international and local students, including those pursuing a traditional PhD, online doctorate, or an accelerated executive doctorate of education.

For instance, fully funded online PhD programs in fields like business administration, education policy, and social work in clinical practice are available for students who hold master’s or bachelor’s degrees.

The duration of these programs may range from 1 year for fast-track or shortest doctoral programs to several years for other disciplines, including online phd studies. Moreover, many programs focus on specialization in subjects like higher education policy, laboratory research, and much more.

One of the perks of these programs is that many institutions provide a stipend to cover living expenses during the course of study, ensuring that students can focus entirely on their research without worrying about financial constraints.

What does a fully funded PhD mean?

It covers tuition and living expenses through scholarships or assistantships, alleviating financial burdens.

Are online PhD programs often fully funded?

Rarely, as most require tuition. Some offer financial aid or stipends.

Which countries provide free or nearly free PhD programs?

Countries like Germany, Norway, and Sweden often provide tuition-free PhD programs.

What’s a common source of funding for PhD students in the U.S.?

Assistantships, providing stipends in exchange for teaching or research work.

Why avoid unfunded PhD programs?

Unfunded programs may indicate limited resources or lack of departmental support.

Dr Andrew Stapleton has a Masters and PhD in Chemistry from the UK and Australia. He has many years of research experience and has worked as a Postdoctoral Fellow and Associate at a number of Universities. Although having secured funding for his own research, he left academia to help others with his YouTube channel all about the inner workings of academia and how to make it work for you.

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• PhD Program

The Ph.D. Program in the Department of Economics at Harvard is addressed to students of high promise who wish to prepare themselves in teaching and research in academia or for responsible positions in government, research organizations, or business enterprises. Students are expected to devote themselves full-time to their programs of study.

The program prepares students for productive and stimulating careers as economists. Courses and seminars offered by the department foster an intellectually active and stimulating environment. Each week, the department sponsors more than 15 different seminars on such topics as environmental economics, economic growth and development, monetary and fiscal policy, international economics, industrial organization, law and economics, behavioral economics, labor economics, and economic history. Top scholars from both domestic and international communities are often invited speakers at the seminars.  The Harvard community outside of the department functions as a strong and diverse resource. Students in the department are free to pursue research interests with scholars throughout the University. Faculty of the Harvard Law School, Kennedy School of Government, and Harvard Business School, for example, are available to students for consultation, instruction, and research guidance. As a member of the Harvard community, students in the department can register for courses in the various schools and have access to the enormous library resources available through the University. There are over 90 separate library units at Harvard, with the total collections of books and pamphlets numbering over 13 million.  Both the department and the wider University draw some of the brightest students from around the world, which makes for a student body that is culturally diverse and likely unequaled in the range of intellectual interests of its members. These factors combine to add an important dimension to the educational process. Students are able to learn from one another, collaborate on research projects and publications, and form bonds that are not broken by distance once the degree is completed and professional responsibilities lead them in different directions.

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Top 9 Best Online PhD Economics Programs [2024]

Economists have excellent job prospects in today’s labor market. With a doctorate in economics from a reputed university and strong academic record, you’ll find many well-paid job opportunities in academia or policy. Almost every field needs economists — organizations rely on economists’ statistical, analytical, and problem-solving skills  to find solutions to important issues.

Most students need a master’s of economics  degree to move forward with the PhD. But some schools accept transferable credits from related programs, too!

However, not everyone can afford to earn a doctorate on campus. So, an online PhD economics degree is a great alternative.

Below are some of the best online economics PhD programs and helpful information on jobs, salaries, costs, preparation tips, and more.

Table of Contents

Best Online PhD Programs in Economics

Ready to pursue your doctorate in economics online? Let’s dive into our list of top PhD economics online programs.

Liberty University

PhD in Public Policy – Economic Policy

Liberty University offers opportunities to pursue higher education across diverse disciplines with a foundation of Christian ethics. This 100% online PhD in economics program allows you to learn from established leaders in economic policy-making.

• Courses : Economic policy studies, economics & public policy, policy analysis & research design
• Credits : 60
• Duration : 3 years
• Tuition : $595 per hour
• Financial assistance : Grants, scholarships, and loans.
• Acceptance rate : 50.1%
• Location : Lynchburg, Virginia

Atlantic International University, School of Business and Economics

Doctor of Economics

AIU is a primarily online university that emphasizes freedom of inquiry and free thought exchange between students and faculty. This PhD in economics online degree aims to help students who want to pursue research or teaching in economics or business.

• Courses : Economics of growth & development, microeconomic research, mathematics for economists
• Tuition : Refer tuition page
• Financial assistance : Scholarships
• Acceptance rate : N/A
• Location : Honolulu, Hawaii

Bircham International University

Doctor – Economic Science

Bircham International University is a global educational institution with a decentralized structure offering higher education programs in many languages. The university’s PhD economics distance learning program helps students develop a deep understanding of how people see value in the production, consumption, and distribution of goods and services.

• Courses : Micro- and macroeconomics, capital markets, economic analysis.
• Credits : 45-72
• Duration : 24 months
• Tuition : $7,650 to $12,240
• Location : Miami, Florida

Ottawa University

Doctor of Business Administration

Ottawa University is affiliated with the Ottawa tribe of Oklahoma and the American Baptist Church. It offers a range of online programs to mold students into valuable leaders. This distance PhD economics program is mostly online but requires six two-day residencies. Finally, the program offers courses in strategy, capital management, and finance with a focus on economics.

• Courses : Finance value generation strategy, strategic human capital management, informed decision-making
• Credits : 56
• Cost : $4,887 per semester
• Acceptance rate : 70.3%
• Location : Ottawa, Kansas

California Baptist University

California Baptist University is a non-profit, private university that ranks #34  of the best western regional colleges. Although not an entirely online doctorate in economics, this DBA program offers courses in economics, especially on applying theories of economics to business.

• Courses : Applying economic theory to business, international business in global markets, and quantitative research
• Duration : 36 months
• Tuition :  $795 per unit
• Financial assistance : Grants, loans
• Acceptance rate : 80.2%
• Location : Riverside, California

Hampton University Online

Doctor of Philosophy in Business Administration

Hampton University Online provides opportunities for adults to continue their studies through mostly online means and with a scientific approach. This PhD is a hybrid business administration program that involves two compulsory four-week summer residencies and covers managerial economics as part of the program.

• Courses : Managerial economics, organization theory & practice, organizational behavior
• Credits : 61
• Duration : 3.5 years
• Tuition : $695 per credit
• Financial assistance : Scholarships, grants, work-study, loans, and military benefits.
• Acceptance rate : 36%
• Location : Hampton, Virginia

Marymount University, College of Business, Innovation, Leadership, and Technology (BILT)

Online DBA in Business Intelligence

Marymount University  was ranked #31   by US News & World of all southern regional colleges. This online Doctor of Business Administration is equivalent to an economics PhD online program as you can study economics for business decision-making and courses in strategy with a data-driven approach.

• Courses : Economics for business decision making, using data for business intelligence, and strategy in a changing climate.
• Credits : 36
• Tuition :  $1,140 per credit hour
• Financial assistance : Grants, scholarships, loans, student employment, and assistantships.
• Acceptance rate : 85.3%
• Location : Arlington, Virginia

William Howard Taft University

William Howard Taft University is a leader in distance education and aims to provide affordable and quality education in business, law, education, and other disciplines. This DBA program includes several courses in economics and its application in the business sector.

• Courses : Designing economic business strategies, global economy, and global business practices & challenges.
• Duration : 37 months
• Tuition : $360 per credit
• Financial assistance : Scholarships, grants, military benefits, loans, and employer reimbursement.
• Location : Lakewood, Colorado

Baker College

Baker College was named one of Newsweek’s top American online schools  and offers fully online and hybrid programs in fields such as business, health science, and education. This DBA program has microeconomics and macroeconomics courses and explores how business leaders implement successful global strategies with limited resources.

• Courses : Global financial economy, leading 21st-century organizations, managing in a worldwide context
• Tuition : $915 per credit hour
• Financial assistance : Scholarships, grants, and loans.
• Acceptance rate : 73%
• Location : Owosso, Michigan

What Do I Need to Get a PhD in Economics?

You will likely need an undergraduate or postgraduate degree in economics or a related field to apply for a PhD in economics program. Certain programs may have other prerequisites, so check with the admissions office well in advance of the application deadline.

Once accepted, you’ll have to study various courses in economics, finance, business, management, mathematics, statistics, and strategy to earn your PhD in economics online degree.

Finally, you’ll have to pass examinations and other assessments, including a final qualifying exam. Most programs also have a research component, which means submitting a thesis or dissertation.

Preparing for an Economics Doctorate Program

Our advice? Prepare early for your PhD in economics program.

At the undergraduate level, consider taking more courses in subjects like mathematics, statistics, and calculus. It also helps to work with faculty, conduct undergraduate research, and complete professional internships whenever possible. All this lays the groundwork to prepare you well for a PhD in economics program.

Things to Consider When Choosing an Online PhD Economics Program

The right program for you depends on a range of personal factors. Consider the following when assessing programs to narrow it down:

• Make sure the specializations and subjects offered by the program match your passions and will help you achieve your career goals.
• Review available research options and make sure these also match your goals
• The faculty should have a strong reputation, especially in your field of choice
• Ensure the costs fit your budget or that there are sufficient funding options available
• Look at where past alumni  are now working, and see how this fits with your ideal future

Why Get a Doctorate in Economics?

A doctorate in economics opens doors to some of the best jobs in academia and policy. According to the Bureau of Labor Statistics, an economist’s median salary  is $105,630. Even better, jobs in the field are expected to grow by 13% from 2020-2030, higher than the average of all occupations.

Jobs and Salaries for Doctors of Economics

A PhD in economics online credential can equip you for roles in business, government, research, and education. Here are some top jobs for graduates, with average salaries for each:

• Economist ( $79,352 )
• Statistician ( $78,596 )
• Financial Manager ( $96,045 )
• Urban Planner ( $59,309 )
• Financial Analyst ( $63,195 )

What Is the Average Cost of a PhD in Economics?

According to the National Center for Education Statistics (NCES), the average tuition for a PhD in economics program  is $19,749 per year. You can expect to pay around $12,500 for public university programs and $26,621 for private. Keep in mind these figures only cover tuition – you’ll also need to pay for books, technology fees, and other educational expenses.

How Long Does it Take to Get a PhD in Economics?

Typically, a PhD in economics takes 4-6 years to complete. However, you may be able to complete a doctorate in three or even two years at some universities, especially with an online PhD.

What Skills Do You Gain From a PhD in Economics?

First and foremost, you’ll gain strong mathematical, statistical, and analytical skills as part of your doctorate in economics. You’ll also learn to apply economic concepts and modeling to address issues in business, government, finance spaces. Finally, economics PHD grads gain expertise in writing, presentation, communication, and problem-solving.

Facts and Statistics about Economics PhD Holders

According to Brookings, universities awarded 1,216 PhDs in economics  in 2020 —  66% to men and 34% to women. Foreign students with temporary visas earned around 60% of the doctorates.

Among the permanent residents who got doctorates in economics, 4.9% were black and 71.8% white, with the remaining graduates of Asian, Hispanic, and other descent.

Final Thoughts

Compared to online PhDs  from other disciplines, you won’t find as many online PhD economics programs. However, you can find related programs, like online Doctor of Business Administration ( DBA ) or accounting  with an emphasis on economics-related subjects like microeconomics and macroeconomics. This is a good substitute if your preferred university doesn’t offer a PhD economics online degree.

Considering other business-related PhD programs? Keep a clear path toward a lucrative career with our list of the highest paying PhDs .

Frequently Asked Questions

Can you get a phd in economics online.

Yes – some universities offer online PhD economics programs that you can complete online. Many of these online programs can be completed in as little as three years.

Is an Economics PhD Worth It?

A PhD in economics is one of today’s most sought-after qualifications. Economists are in high demand and have an annual median salary of $105,630 , with prospects even greater for graduates with a PhD.

How Many Years is a PhD in Economics?

A PhD in economics takes 3-6 years to complete.

Lisa Marlin

Lisa is a full-time writer specializing in career advice, further education, and personal development. She works from all over the world, and when not writing you'll find her hiking, practicing yoga, or enjoying a glass of Malbec.

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5 Countries That Offer Free or Very Cheap PhD Programmes

• Updated on  
• May 11, 2023

Do you currently hold a degree or a master’s degree and desire to advance your education by pursuing a PhD abroad? The good news is that those with graduate degrees, like master’s or doctoral degrees, had the best salaries and lowest unemployment rates in several countries. Is that terrible news? A PhD program overseas might be quite expensive. When studying overseas, you would have to take tuition, living fees, and other extra costs into account. However, there is a solution to this. The next step would be researching the nations with the most affordable PhD programs. Fortunately, there are quite a few nations where the cost of attending a PhD program is either zero or extremely low. This enables you to enrol in a prestigious university overseas and learn what it’s like to live in a foreign nation and adjust to other customs. You can concentrate on your studies and any other personal or professional goals when you study for a PhD abroad with little concern for your financial situation. Having said that, the following are the 5 countries that offer free or very cheap PhD programmes in the world.

This Blog Includes:

Swedish doctoral degrees, fees and funding, admissions requirements, norwegian phd fees, admission requirements, entry requirements, types of phd in germany, phd programmes, programme length, phd fees .

A Ph.D. in Economics normally includes coursework in both macroeconomics and microeconomics. However, if you intend to teach or conduct formal research in economic subjects, this is a beneficial degree. Once the proposal is approved and the oral exam is passed, the final years of enrollment are devoted to dissertation research, writing, and defence.

Sweden is the greatest option if you want to pursue a PhD in renewable energy or a field that is closely related to it. According to data, about 56 per cent of the energy utilized in Sweden in 2019 originates from renewable sources. What is the nicest thing about obtaining a PhD in Sweden? Everyone can use it for free, even students from other countries. (Note that students seeking bachelor’s or master’s degrees who are not EU/EEA citizens are not eligible for free tuition.)

Seven of Sweden’s universities are included in the top 350 universities in the world according to the QS World University Rankings 2023, making it the home to some of the most highly regarded universities in the world. The KTH Royal Institute of Technology and Lund University, the two top universities in Sweden, are 89th and 95th, respectively.

Key details-

For students in Swedish universities, a PhD signifies the pinnacle of academic success. Similar to other nations, the focus is on your independent study leading to an original thesis that adds new knowledge to the topic.

Must Read: Best Countries for PhD

In Sweden, a doctoral study might take one of two forms:

A typical Ph.D. confers a full doctorate (together with the crucial title of “doctor”) after a minimum of four years of full-time work (240 ECTS credits).

As an alternative, you might decide to pursue a licentiate degree. Typically, this only necessitates two years of full-time work toward a more condensed and modest thesis (equivalent to 120 ECTS credits). Some students first enroll for the Swedish licentiate before upgrading to full Ph.D. candidates since it is comparable to the Master of Philosophy (MPhil) degree provided in the UK or other countries.

In Sweden, there are two teaching terms (August to January and January to June), which are separated by summer and winter breaks. You will often have more flexibility throughout the year as a PhD student, but some additional courses and other activities can be connected to particular teaching periods.

There are no tuition fees for PhD study at state-funded Swedish universities (note that this does not apply to Master’s or Bachelor’s degrees). Doctoral programs are free for students from the EU, EEA, and other countries.

The same is true of application costs; there are none to be paid for a PhD in Sweden.

Although you will need to pay for your housing and living expenses, your university might be able to provide assistance.

Universities in Sweden are permitted to establish their own admittance standards for PhD programs. A bachelor’s degree in an applicable area is typically the required minimum, but a master’s degree is also preferable, especially if you’re asking for funding.

Your capacity to exhibit prior research experience will be as crucial as your previous qualifications. It is crucial that you can demonstrate some preparation for the independent research you will conduct on your PhD, even if this is just the dissertation project for one or both of your previous degrees.

Also Read: PhD in USA

Norway is another Nordic nation that ranks among the 5 countries that offer free or very cheap PhD programs. All students, regardless of nationality, are not charged tuition at Norway’s public universities. Norway’s cost of living is comparable to that of Sweden, therefore you may want to look into ways to reduce your out-of-pocket spending. Other than that, you will just need to pay a nominal semester student union charge to cover expenses like tests or sports facilities, which would only cost you between 300 and 600 Norwegian kroner (approximately INR 2353.24 to INR 4706.49). You can try your luck by submitting an application to the University of Oslo , the top-ranked institution in Norway, which is currently placed 101st in the most recent QS World University Rankings.

Following the Bologna approach, Norwegian PhD programs are third-cycle degrees. As a result, conducting research and creating a PhD thesis will be needed for you.

In Norway, PhDs frequently adhere to a standardized format. Before beginning your PhD research and thesis writing, this usually entails a training component. You might also be regarded as an employee of the university, complete with benefits. In this situation, you will need to uphold your teaching and administrative duties.

The fact that all PhD students in Norway get free tuition is a significant and alluring feature of the program. The cost of living is high in the nation. As a result, maintenance financing of some kind is typically required.

Universities in Norway do not charge tuition for their PhD programs. However, in order to join and receive a student card at many Norwegian universities, you must pay a charge of INR 4149.5 to INR 8299 to the student union each semester.

In Norway, candidates for a PhD are required to hold a master’s degree in a related field. You can check your qualifications’ eligibility at the Norwegian Agency for Quality Assurance in Education. A similar degree may be approved (NOKUT).

Each research organization has a different set of conditions for applications. Always double-check with your desired university.

Typically, PhD candidates must submit a strong research proposal or project description together with the necessary application materials. Other standard materials for PhD applications may also be requested from you. These are some extra materials that might be needed:

• certified copies of all the documents that are pertinent to your education
• a strategy for financing your studies (for the full 3-4 years of full-time study, plus information about the funding source and type)
• An explanation of any significant scholarly or material resource needs
• a minimum of one proposed academic supervisor’s name (unless stipulated otherwise)

Also Read: PhD in Netherlands

Another Nordic nation, Finland , is at the top of our list of 5 countries that offer free or very cheap PhD programs. In Finland, pursuing a PhD is entirely free, even for those who are not citizens, similar to Norway and Sweden. According to QS, Finland is home to two of the top 150 institutions. This includes the 106th-ranked University of Helsinki and the 116th-ranked Aalto University . It is distinguished as a top-tier study destination by more than just its educational features. Helsinki, the capital of Finland, is ranked 66th in the most recent QS study of “Best Student Cities.” The midnight sun and the Northern lights (aurora borealis), which fill the sky with a breathtaking vista for anywhere between 10 and 20 nights a year, are only two of the most magnificent natural phenomena that can be seen in Finland’s vast, open areas.

Finland is a very economical alternative for your PhD study abroad because of its generous higher education policy. Any student, regardless of country, is not now required to pay doctoral fees.

In contrast, fees are often charged to non-EU students for Finnish Bachelor’s and Master’s degrees.

A master’s degree (or its equivalent) from a recognized institution is necessary for admission to a PhD program in Finland.

Other prerequisites will be determined by the area of study you are applying for and the particular procedures followed by your university. If unsure, consult your department.

Germany is famous for having a top-notch educational system and for being an innovative nation. According to QS, three of its universities are among the top 100. This includes Heidelberg University, which is ranked 65th, Ludwig-Maximilians-Universität München, which is ranked 59th, and the Technical University of Munich , which is ranked 49th. According to the most recent Best Student Cities rankings by QS, two of its cities, Munich and Berlin, are among the top 10.

Germans invented the doctoral degree, which is based on independent study leading to the submission and review of a thesis. Most colleges continue to offer this style, although some others provide more “organized” programs:

The traditional PhD requires you to choose a research project and conduct it on your own under the supervision of a qualified supervisor (Doktorvater/Doktomutter). The candidate selects the setting for their research, whether it be in a university, non-university organization, or German corporation.

Structured doctoral programs are conducted mostly in English and are focused on the global market. Along with writing your thesis, you will complete extra training, which may entail partnerships and job placements with outside research organizations.

Doctoral degrees are typically free in Germany for all students, regardless of nationality, due to the generous governmental investment in education. You might, however, have to pay additional costs while you are a student.

All public institutions in Germany offer free tuition for doctoral-level studies for up to three years (six semesters). For any additional time beyond the term of your PhD, you might have to pay tuition.

Despite not having to pay tuition, you will still need to pay a semester contribution (Semesterbeitrag), which typically ranges from INR 8k to INR 29k. This pays for office expenses, student government, and student services (Studentenwerk).

In general, you must have completed at least eight semesters of college work before enrolling in a PhD program in Germany. Your final certification must be on par with a German master’s degree.

Additionally, the Dean’s Office (Dekanat) or Board of Examiners (Promotionsausschuss) at your university must acknowledge your prior higher education degree(s).

International students with exceptional qualifications may be admitted to a PhD program with a Bachelor’s degree (fast-track program), albeit you will normally need to pass an entrance exam.

France , which has four universities ranked among the top 100 by QS, is another nation that makes it to our list of 5 countries that offer free or very cheap PhD programmes. French institutions demand comparatively little tuition. A typical annual cost at a public university, for instance, is around 380 euros (INR 31k at the time of writing). Three French cities—Lyon, Toulouse, and of course, the nation’s capital Paris, which is placed ninth by QS—are included in the top 100 Best Student Cities list as a result of their high academic standing and affordable tuition.

The bulk of PhDs is completed as part of a program inside doctoral schools, although French universities occasionally do offer specific doctoral research programs.

The number is 266 in total. In order to provide doctorate training for PhD candidates and foster the growth of early career researchers, they are affiliated with universities and work in partnership with related research laboratories and other centres.

For a typical three-year PhD, a “doctorate” consists of six semesters, yielding two teachings (or research) semesters annually:

• late September to early January, with a break between Christmas and New Year
• early February to early June, with a spring break at Easter for several colleges

Exams are normally held at the conclusion of each semester, and institutions take a three-month summer break from July to September. As a full-time student, you will typically complete your PhD in France in 3–4 years.

The current French PhD tuition is the same for all students, regardless of nationality. But costs can differ greatly depending on whether you attend a public or private school (such a Grandes École).

Must Read: PhD in Switzerland

Public institutions charge substantially lower tuition since the State invests an average of INR 11,62,147.82 per student, per year.

The following fees may apply depending on your institution:

• Fees for PhD students at public institutions are €380 annually.
• Private institutions – Tuition at private institutions, particularly business schools, range from INR 2.49 Lakh to INR 8.30 Lakh per year.
• Administrative fees (frais de dossier), which universities may impose, are normally modest—a few tens of euros.

In France, each institution is permitted to establish its own standards and conduct personalized evaluations. However, in order to enroll as a PhD student, you will normally need to hold a Master’s degree (or equivalent) in a suitable field.

If you are pursuing your master’s degree and expect to graduate before the PhD program begins, you may apply.

Additionally, you could be accepted based on your performance on entrance tests and in pre-college courses like the ‘Classe préparatoire aux grandes écoles’ (CPGE), which is a frequent practice among French Grandes Écoles.

Pursuing PhD in Finland is entirely free.

The average cost of PhD in the UK is GBP 40,000 (INR 40.67 Lakh)

One of the top countries to pursue an MBA abroad is the United States of America.

Hope now you know 5 countries that offer free or very cheap PhD programmes. Not sure which country to choose for your PhD? Don’t worry! Our Leverage Edu experts will provide you with end-to-end assistance starting from your university application to the time you reach your university and commence your studies. Call us at 1800 57 2000 to book a FREE 30-minute counselling session today.

Nikita Puri

Nikita is a creative writer and editor, who is always ready to learn new skills. She has great knowledge about study abroad universities, researching and writing blogs about them. Being a perfectionist, she has a habit of keeping her tasks complete on time before the OCD hits her. When Nikita is not busy working, you can find her eating while binge-watching The office. Also, she breathes music. She has done her bachelor's from Delhi University and her master's from Jamia Millia Islamia.

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2025 Fully Funded Online PhD Programs [Doctorate Guide]

If the cost of an advanced degree has discouraged you from furthering your education, fully funded online PhD programs may be the answer.

These doctoral programs provide students with the opportunity to enhance their knowledge and skills in their field without paying high out-of-pocket expenses. They typically cover your tuition and may also pay for fees, living expenses, and course materials.

Schools offer affordable PhD programs in many specializations, so students can pursue their goals no matter their area of interest. Earning a free doctorate degree online could help you grow your career prospects and become an expert in your field.

Editorial Listing ShortCode:

Universities Offering Fully Funded PhD Degree Program Online

Methodology: The following school list is in alphabetical order. To be included, a college or university must be regionally accredited and offer fully funded PhD programs online or in a hybrid format.

Boston University

Boston University typically offers free tuition, a stipend, and a health insurance credit to eligible PhD students. Students have 5 years to complete a PhD program. Funding details are based on the specific program. Programs include Behavioral Neuroscience, Astronomy, and Theological Studies. Most programs are available online and on campus.

Boston University is accredited by the New England Commission of Higher Education.

Brown University

PhD students at Brown University may be eligible for financial support, including free tuition, a stipend, and medical assistance. Brown requires participation in a teaching assistantship, fellowship, or research assistantship to be eligible for these benefits. These benefits are available for 5 to 6 years. Programs include Anthropology, Political Science, and Physics.

Brown University is accredited by the New England Commission of Higher Education.

Johns Hopkins University

Johns Hopkins University works with students to make getting a hybrid PhD more affordable. Those who have earned a master’s through Johns Hopkins may be eligible for free tuition and a stipend for 3 years, while transfer students may be eligible for 4 years. Programs include International Policy and Regions of the world.

Johns Hopkins University is accredited by the Middle States Commission on Higher Education.

New York University

New York University PhD students may be eligible for funding, including full tuition, stipends, and health insurance credits. Aid is typically available for up to 5 years. NYU currently offers a PhD in Hebrew and Judaic Studies, with the option to add a History degree.

New York University is accredited by the Middle States Commission on Higher Education.

Northwestern University

PhD students at Northwestern University usually receive total funding for at least 5 years. Students who wish to earn more can take on teaching or research assistant roles. Courses are in quarter semesters and are offered 4 times each year. Northwestern offers over 60 PhDs, including Music and Linguistics.

Northwestern University is accredited by the Higher Learning Commission.

Temple University

Temple University offers full tuition remission and a stipend to all eligible PhD students. Programs require participation in research or teaching assistant projects for up to 20 hours each week to receive this funding. The funding is renewable for up to 5 years. Programs include Business Administration, Statistics, and Decision Neuroscience.

Temple University is accredited by the Middle States Commission on Higher Education.

University at Buffalo

The University at Buffalo’s PhD Excellence Initiative helps highly qualified students earn a fully-funded PhD Students work as a research or teaching assistant in exchange for a yearly stipend. UB offers multiple PhD programs online including Nursing and Information Science. All courses are completed online with synchronous and asynchronous coursework.

The University at Buffalo is accredited by the Middle States Commission on Higher Education.

University of Michigan

The University of Michigan provides several opportunities to fun joint PhD programs in Social Work and Social Science. Students work as teaching or research assistants and receive tuition, a stipend, and healthcare. Students are eligible for up to 5 years and may not work over 10 hours per week outside of university commitments.

The University of Michigan is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools.

Vanderbilt University

Vanderbilt University offers the opportunity to earn a PhD in Nursing. The school offers full tuition and a stipend for up to 4 years of the program. Most of the program is online with a short residency required each semester. The program begins each fall and follows a semester schedule.

Vanderbilt University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Yale University

PhD students at Yale University may have tuition covered along with a 12 month stipend. These services are available for up to 5 years. There is also the possibility of funding for an additional year. Programs include Environmental Science and Comparative Literature.

Yale University is accredited by the New England Commission of Higher Education.

Fully Funded Online PhD Programs

Earning a fully funded PhD online sounds like it’s too good to be true, but it’s a realistic possibility if you’re prepared to invest time and effort into the application process and your studies.

Most colleges and universities require students to hold a minimum of a bachelor’s degree to enroll in a PhD program. Others will only accept students who have earned a master’s degree in a relevant field. Professional experience may also help strengthen your application.

If you’re admitted to a fully funded online PhD program, you’ll have the chance to earn your degree without taking out excessive loans. Many of these doctoral degree programs pay for most or all of the costs of attendance—including tuition, fees, and living expenses.

In exchange for this funding, some programs employ students as teaching or research assistants. In these roles, PhD candidates provide support to current faculty and balance this work with their own classes and research.

An online PhD may help prepare you for a career with desirable employers, such as:

• Colleges and universities
• Research labs
• Government agencies
• Private businesses
• Healthcare facilities

These organizations hire graduates of PhD programs to work in prominent roles, including analysts, researchers, policy developers, and engineers. If you’re currently working in your field of choice, a PhD may also help you advance into a position as an executive or administrator.

Many graduates of these programs also work in higher education as professors, academic deans, and presidents. A PhD helps you build a foundation of knowledge that allows you to conduct research and teach upcoming undergraduate and graduate students.

PhD Careers & Salaries

You can earn a PhD in a wide range of fields, and the degree you complete will determine what career paths are available. Many job paths for PhDs offer healthy salaries and opportunities for advancement.

Students often enroll in PhD programs because they want to enter academia. Universities typically require that college professors have a PhD and are capable of conducting advanced research and publishing articles and books related to their work.

A PhD is also an asset if you hope to build a career in science or technology. These specialized fields involve the sophisticated skills and technical knowledge that a PhD program typically provides.

According to the Bureau of Labor Statistics , these are some of the most common careers for graduates of PhD programs, depending on their specialty.

In addition to paying above-average salaries, many of these careers are also expected to experience accelerated growth. For instance, according to the Bureau of Labor Statistics, the projected growth rate for epidemiologists over the next ten years is 26%.

The growth rates for computer and information research scientists (21%), medical scientists (17%), and postsecondary teachers (12%) over this period are also much higher than the average rate for all occupations.

How to Get a Fully Funded PhD Program Online

Gaining admission to a fully funded PhD program can be more challenging than enrolling in bachelor’s or master’s degree programs. Here are some tips to consider:

• Consider STEM programs . PhDs in science, technology, engineering, and math often offer full funding to students. You may have more schools to choose from if you complete a STEM degree.
• Check accreditation status . It’s strategic to avoid any online PhD program that isn’t accredited. A lack of accreditation could indicate that the program is of low quality or will not properly prepare you for the professional world.
• Apply for fellowships or assistantships . International students may qualify for fellowships that pay for tuition and provide a stipend. Many fully funded programs require students to participate in an assistantship focused on teaching or research.
• Fine-tune your application . Most fully funded PhDs only accept a few students for each academic year, and they base their admissions on your application materials. It’s beneficial to look closely at each program’s requirements and adhere to them as closely as possible.

When you research fully funded PhDs, be wary of any program that makes exaggerated promises or cannot provide job placement or graduation data for recent students.

Advantages and Disadvantages of Fully Funded Online Doctoral Programs

Prospective PhD students may struggle to decide whether a fully funded program is the right path. Fully funded online doctoral programs offer a variety of benefits and drawbacks, including:

When deciding whether a fully funded online PhD is a good fit for you, you might consider your learning style, preferences, and goals.

Admissions Requirements

Fully funded PhD programs are usually selective, so it’s important to carefully follow their application process. Admissions requirements for online PhD programs for working professionals may include:

• Test scores . While it’s not always required, some schools have you submit current scores from the GRE or other standardized tests.
• Transcripts . Request official transcripts from schools you previously attended, including undergraduate and graduate programs.
• Statement of purpose . You can describe your motivation for pursuing a PhD, why you selected this particular program, and your specific research interests.
• Recommendations . You can ask former professors or supervisors to explain why you would excel in an online PhD program.
• CV . It’s beneficial to list all relevant professional, publishing, and volunteer experience.

Some universities also require students to participate in a virtual interview or provide a portfolio that demonstrates the strength of their past work.

Fully Funded PhD Programs Online Accreditation

When selecting an online PhD program, it’s vital to determine whether it has regional accreditation . Some online schools offer degrees with little to no academic value, but a regionally accredited institution must meet certain standards of excellence.

Attending a program that has met the high bar of a regional accrediting board usually provides you with a better educational experience that includes the most current practices and theories in the field. For this reason, most employers only accept PhDs from accredited schools.

If you end up changing programs before graduating, it’s generally easier to transfer credits from programs with regional accreditation.

How Much Does a PhD Cost?

The cost of PhD program tuition varies widely based on the school you attend. Rates generally range from $500 to $2,000 per credit hour. In addition, students often have to pay for materials and fees on top of their base tuition.

A PhD program could range between 60 and 120 required credits, so the total cost of tuition and fees could easily reach top dollar. A fully funded PhD reduces or removes much of this cost by allowing students to complete their degrees without paying tuition.

What Does Fully Funded Mean?

Fully funded means that a PhD student doesn’t pay any of the costs of attending a doctoral program. This generally includes all tuition and fees required for full-time enrollment in the program. In many cases, the university covers these costs. Students may also receive funding from private businesses or sponsors.

To ensure that students can focus solely on their studies during the program, a fully funded PhD may also include a stipend to cover living expenses and housing. Some colleges require students to complete teaching or research assistantships to receive their funding.

What Is Funded in Fully Funded Doctorate Programs?

A fully funded PhD program essentially covers the costs associated with attending school. This typically includes:

• Full-time tuition for the duration of the program
• Fees required by the university
• Living and housing expenses
• School-provided health insurance

This funding is usually only provided for 3 to 5 years of study. This helps ensure that students complete their programs in a timely manner. If a fully funded PhD doesn’t completely address the cost of a student’s degree, the school may also offer additional financial opportunities. Scholarships, grants, and loans are possible avenues to fill the gaps in funding.

What Can You Get a PhD in?

There are PhD programs available for practically every field. Popular doctoral specializations include:

• Educational administration and leadership
• Physical therapy
• Electrical engineering

Although there are PhD programs available for each of these disciplines, some may be more suitable for online study. A PhD program that involves hands-on learning or lab work may not be as ideal for an online format.

Some online PhD programs that require in-person components allow students to participate in fieldwork in their communities. Other disciplines that focus primarily on research and writing can more easily be completed online.

What Are Some of the Highest Paying PhDs?

Your future earnings ultimately depend on your employer, geographic location, and professional experience, but some PhDs tend to have better pay than others.

Many of the highest paying PhDs are related to science. For example, medical scientists earn median annual salaries of $95,310, physicists make a median of $152,430, and the median for computer and information research scientists is $131,490 (Bureau of Labor Statistics). Postsecondary education administrators also have competitive salaries, with median earnings of $96,910 per year.

Depending on their specific field and whether they have tenure, college professors may earn salaries above six figures. For example, $104,940 is the median salary for engineering professors.

What’s the Difference Between a Doctorate vs. PhD Degree?

People sometimes use the terms doctorate and PhD interchangeably, but there are differences between them.

All PhD programs are doctorates, but not all doctorates are PhDs.

Getting Your Fully Funded PhD Online

Earning a fully funded PhD online can open doors to new career opportunities that are professionally and personally rewarding, all without draining your financial resources.

This type of PhD may cover your tuition, fees, and expenses, allowing you to graduate with very little debt. Because they offer low-cost or no-cost degrees, universities with fully funded PhDs tend to enroll a small number of students with proven skills and experience in the field.

Once you decide that you want to earn a fully funded degree, you can begin by researching accredited universities that offer free PhD programs online.