Graduate Fellowships

Funding: Fellowships and Awards

There are three major sources of internal fellowship funding for graduate students in Physics at The University of Texas at Austin: The Graduate School, The College of Natural Sciences, and the Physics Department itself.

The University of Texas at Austin, through The Graduate School, provides fellowship funding in three main phases of a student’s graduate career: Graduate Recruitment Fellowships (nominations for which are handled by the Graduate Recruitment Committee of the Department of Physics), Continuing Fellowships (funding generally intended to help a student in the final year of her or his dissertation), and Professional Development Awards (to fund giving a paper at a conference, which usually occurs between recruitment and the final year of dissertation).

The Department of Physics offers fellowship funding in two of these phases: Graduate Recruitment Fellowships, and Fellowships for Senior Students. Most Professional Development is funded at the departmental level by the research group to which the student belongs, though there are exceptions to this generalization. The Department also offers Summer Fellowships based upon financial need, however, no separate application is required for those fellowships.

There is one fellowship that is an exception to all of these statements, The Provost’s Graduate Excellence Fellowship is a graduate recruitment fellowship which is funded jointly by The Graduate School, the College of Natural Sciences, and the Department of Physics.

All those who are admitted to the graduate program of the Department of Physics at The University of Texas at Austin are automatically considered for Graduate Recruitment Fellowships regardless of the funding source, therefore, there is no need to apply for these fellowships. More information about these fellowships can be found here.

In all cases, the materials required by the Department for all fellowship nominations include:

1. A current CV,
2. A current Research Statement, and
3. A Letter of Support from your Research Supervisor.

All materials are due by the end of day on the deadline. Please note that, if you are selected by the Department for nomination to one of University’s fellowships, following the departmental process you will be required to submitted additional materials prior to the University deadline.

Physics department staff are not tax experts and will not answer any taxes questions or provide advice. 

Refer to resources below.

REMINDER: YOUR FELLOWSHIP IS TAXABLE INCOME

In the spring you will receive a 1098T with your fellowship tax info from the University.  You will NOT receive a W2 on the fellowship money because W2s are for salary, not fellowship payments.

If you are a US student, then taxes are not withheld from your fellowship payment.  Information relating to taxes for students can be found at https://www.irs.gov/newsroom/tax-benefits-for-education-information-center   

If your fellowship is large enough and you need to make quarterly payments, information on how to report your fellowship income and make quarterly payments is available in IRS Form 1040-ES.  Look for that information at http://www.irs.gov/Forms-&-Pubs  

USING THE TAX WITHHOLDING ESTIMATOR WILL HELP TAXPAYERS AVOID SURPRISES NEXT YEAR

Using the IRS Tax Withholding Estimator can help taxpayers have the right amount of tax withheld and avoid surprises when filing next year.

Income taxes are pay-as-you-go. By law, taxpayers are required to pay most of their tax as income is received. There are two ways to do this:

• Through withholding from paychecks, pension payments, Social Security benefits or certain other government payments including unemployment compensation.
• Making quarterly estimated tax payments for income not subject to withholding.

Income tax withholding is generally based on the taxpayer’s expected filing status and standard deduction. Adjusting withholding on their paychecks or the amount of their estimated tax payments can help prevent penalties. This is especially important for people in the sharing economy those with more than one job and those who experienced major life changes in the last year.

The IRS also reminds people affected by COVID-19 to review their withholding status, particularly those receiving unemployment during this period.

The Tax Withholding Estimator on IRS.gov is designed to help taxpayers determine how to have the right amount of tax withheld. 

QUARTERLY ESTIMATED TAX PAYMENTS

People with a large amount of their income not subject to withholding may need to make quarterly estimated tax payments. 

Some financial transactions, especially when made late in the year, can have an unexpected effect on taxes. These include year-end and holiday bonuses, stock dividends, capital gain distributions from mutual funds and stocks, bonds, virtual currency, real estate or other property sold at a profit.

Taxpayers have two free electronic options for scheduling their estimated federal tax payments. With IRS Direct Pay, people can schedule payments up to 30 days in advance. Using the Electronic Federal Tax Payment System, they can schedule payments up to 365 days in advance.

Share this tip on social media -- #IRSTaxTip: Using the Tax Withholding Estimator will help taxpayers avoid surprises next year. https://go.usa.gov/xfvUX.