Fellows receive up to $90,000 in financial support toward their graduate education. The award is divided into tuition support ($40,000) and stipend support ($50,000). Tuition is paid directly to the university and stipends are paid to the Fellow. Fellowship support is spread out over two academic years (four semesters or six quarters).
The Fellowship is not able to answer financial support questions regarding specific applicants' situations. Once an applicant is awarded the Fellowship, the program will work with them to ensure they receive the most financial support possible.
Goals of PD Soros Financial Support
The main goal of the financial support provided by PD Soros is to enable its Fellows to take advantage of educational opportunities that they might not be able to without our support and to graduate with as little debt as possible. We are also happy to support universities by offsetting some university-based tuition and stipend support. (See below for details).
Each Fellow receives up to $25,000 per year in stipend support for up to two years and can be divided into two semester payments or three quarter payments. Stipends are paid directly to the Fellows. There is a cap on a Fellows stipend support from all sources.
Year one stipend cap, whichever is higher:
Year two stipend cap:
Each Fellow receives up to $20,000 per year in tuition support for up to two years: $10,000 per semester or $6,667 per quarter. Tuition covers a maximum of 50% of tuition and fees. The total tuition support a Fellow receives (PD Soros and other funding) cannot exceed the total charges on their tuition statement. Tuition is paid directly to the university.
Fellows Receiving Financial Support from their University or Other Fellowships
The Paul & Daisy Soros Fellowships for New Americans (PD Soros) works with all PD Soros Fellows who are receiving financial support from their university and other fellowships to create a customized financial support package so that the Fellow can receive the most financial support possible.
PD Soros’s financial goal is to provide each PD Soros Fellow with $25,000 in stipend support a year (all stipend awards are capped at $50,000 per year), as well as 50 percent of required tuition and fees, up to $20,000 per year, for one to two years.
The following principles should guide both the university and PD Soros in determining a Fellow’s financial package: