Each Fellowship consists of three years of support during a five-year fellowship period. NSF provides a stipend of
$32,000 to the Fellow and a cost-of-education allowance of $12,000 to the graduate degree-granting institution for
each Fellow utilizing the fellowship support in a fellowship year. Pending the availability of funds in 2015, it is
anticipated that the stipend will increase to $34,000, as indicated in NSF’s FY2015 Budget Request to Congress.