As of July 1, 2016, fellows receive a $3500 stipend for summer research for 2 summers, a $1,500 term-time stipend for 2 years, and $1,000 each year for research related expenses.
If fellows enter a Ph.D. program in a Mellon designated field within 39 months following receipt of the undergraduate degree, they are also eligible for up to $10,000 loan repayment, as well as $7,500 for expenses related to doctoral studies.
Loan Repayment in Graduate School: Once in a PhD program, the MMUF 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.
In order for us to be able to make these payments, you must provide us, annually, with a copy of your loan statement as well as with a copy of an official transcript from your graduate institution. The transcript should be accompanied by a note from your graduate school faculty adviser indicating that you are making sufficient progress in your program.
Opportunities while in graduate school: To learn more about the programs run by the Mellon Mays Graduate Initiatives Program, please see: http://www.ssrc.org/programs/mellon-mays-graduate-initiatives-program/