Research Stipends
Fellows receive a stipend of $2000 for the fall and spring semesters to support their research efforts. Additionally, during the summer months, each fellow receives a $4000 stipend.
Loan Repayment
The Mellon Mays Fellowship offers a loan forgiveness program to help students overcome disincentives to pursue an academic career caused by undergraduate loan indebtedness. Fellows who enroll in a Mellon approved Ph.D. program within 39 months of receiving their undergraduate degrees are eligible for up to $10,000 in undergraduate loan payments. The program repays guaranteed student loans in installments. The first $5,000 is disbursed in yearly increments of up to $1,250 for four years. The second $5,000 is paid upon receipt of the Ph.D., provided the degree is completed within six years.
Information regarding loan repayment is available in link below.
