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American Society of Mechanical Engineers (ASME International)

Grants, Student Loans, & Fellowships

Established in 1880 as the American Society of Mechanical Engineers (ASME), this nonprofit organization serves the world by applying engineering data to improve the quality of life, and promote the field of engineering. ASME publishes a variety of valuable reading material including ME magazine, journals and periodicals, newsletters, books, and conference publications.

ASME promotes the science of mechanical engineering and multidisciplinary engineering by offering a number of financial aid programs including scholarships, fellowships, and student loans. These financial aid options are made possible through the ASME Foundation which is funded by many endowments and individual contributions that support education for young people.

The ASME Foundation is dedicated to providing educational opportunities to mechanical engineers. This article touches upon some of the financial aid programs offered by the ASME Foundation which promotes professional growth and career opportunities for student mechanical engineers through education and research.

Financial Aid Programs Offered by the American Society of Mechanical Engineers

The American Society of Mechanical Engineers (ASME) offers a number of financial aid programs to qualifying students, including scholarships, fellowships, and student loans. Here are some examples:


ASME-ASME Auxiliary FIRST Clarke Scholarship: This award offers five $5,000 scholarships to graduating high school seniors who are members of the FIRST Robotics Team. To be considered for this scholarship, students must be nominated by an ASME member, ASME Auxiliary member, or by a student member active in the FIRST program, and plan to enroll full-time in an ABET-accredited mechanical engineering, or mechanical engineering technology degree program. Applicants must complete and submit the ASME-ASME Auxiliary FIRST Clarke Scholarship application form, a nomination letter, an official transcript, and a financial data worksheet to demonstrate financial need. Deadline for this award is in March. Nomination package can be emailed to bigleyr@asme.org, or mailed to: RuthAnn Bigley, ASME-ASME Auxiliary FIRST Clarke Scholarship, 3416 Washington Commons Ave., Kennesaw, GA 30144.

The following scholarships are awarded each year and require applicants to be enrolled in an ABET-accredited engineering degree program; be ASME student members; and complete an online application form between February and March. First year graduate students must also provide proof of acceptance to a graduate degree program.

Willis F. Thompson Memorial Scholarship: Awards up to three $5,000 scholarships to mechanical engineering undergraduate or graduate students who demonstrate excellent academic standing, and the ability to contribute to the mechanical engineering profession. Preference is given to students interested in power generation.

ASME/Virginia Tech Memorial Scholarship: Awards one $5,000 scholarship to a graduate student with scholastic ability enrolled at Virginia Tech.

Bruce J. Heim Foundation Scholarship: Awards one $1,500 scholarship to a graduate student interested in furthering the exploration of space. Applicants must have excellent academic standing, a minimum grade point average of 3.3, and be enrolled full-time at a graduate school in the United States.

American Electric Power Scholarship: This scholarship awards $2,500 to one junior or senior level student who demonstrates academic excellence, and can contribute to the field of mechanical engineering. Preference is given to a student with interest in power engineering, or who lives in the American Electric service area, which includes the following states: Arkansas, Kentucky, Indiana, Michigan, Louisiana, West Virginia, Tennessee, Ohio, Oklahoma, Texas, and Virginia.

ASME Power Division Scholarship: Awards one $2,700 scholarship to a student member who is interested in fuels, combustion, or the power industry. Recipient will be selected based on financial need and academic standing. Sophomore, junior, or senior level students are eligible.


Fellowships are awarded to students who are pursuing a PhD in mechanical engineering with the desire to teach. Applicants must be U.S. citizens or hold permanent residency status, completed an undergraduate degree at an ABET-accredited degree program, and be ASME student members. Applicants must also submit an online application, GRE scores, undergraduate GPA, two letters of recommendation, official transcripts, and a personal statement about a career in engineering education. Deadline to apply for a teaching fellowship is in October.

Student Loans

ASME also offers student loans at a low interest rate for undergraduate and graduate studies. The loan rate is 4.6% fixed rate, which is1% below the Federal Stafford Loan rate. Qualifying undergraduate students who reside in the United States, Canada, and Mexico can borrow up to $3,000 per school year, with a maximum of $9,000. Graduate students enrolled full-time can borrow an additional $3,000. To be considered for a student loan, applicants must be student members of ASME who demonstrate financial need; be enrolled full-time pursuing a degree program in mechanical engineering, or mechanical engineering technology; and, possess a minimum grade point average of 2.2 at the undergraduate level and, 3.2 at the graduate level. Application deadline for winter and spring semester is in October. Application deadline for summer and fall semester is in April.

Auxiliary student loans are also available to students looking for financial assistance. These are interest free loans (until graduation) given to junior or senior level students, as well as graduate students throughout the school year. There is no application deadline. The maximum amount a student can request is $5,000. Send application to: Susan Hawthorne, White Horse Village, S#121, 535 Gradyville Rd., Newtown Square, PA 19073-2814.

American Society of Mechanical Engineers Financial Aid Program: Things to Keep in Mind

There are more scholarships offered by ASME, including international student scholarships. For a complete listing, go to the ASME website.

With several options for financial assistance through ASME, it is important to begin your search early. Whether it is scholarships you are looking for, or fellowships, or low interest loans, getting a head start makes for better rewards.

Contact Information for American Society of Mechanical Engineers

American Society of Mechanical Engineers
Three Park Avenue
New York, NY 10016-5990

TOLL FREE: (800) 843-2763
PH: (973) 882-1170

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