20 USC 4508 – Amount of fellowships
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Each student awarded a fellowship shall receive a stipend which shall not exceed the cost to the student for tuition, fees, books, room and board, or $12,000, whichever is less, for each academic year of study.
Terms Used In 20 USC 4508
- Board: means the Board of Trustees of the James Madison Memorial Fellowship Foundation. See 20 USC 4514