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20 U.S. Code § 4508 - Amount of fellowships

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.

Editorial Notes
Codification

Pub. L. 99–591 is a corrected version of Pub. L. 99–500.