How Much Is a Fulbright Scholarship Worth?

Young girl sitting at the steps and using lap top.
martin-dm / Getty Images

Approximately 75 years ago, Sen. J. William Fulbright of Arkansas introduced legislation to establish the Fulbright Program, which was created to promote diversity, equity and inclusion through international understanding and collaboration between the U.S. citizens and people in other countries across the globe. The legislation was subsequently passed by the U.S. Congress, and on Aug. 1, 1946, U.S. President Harry S. Truman established the program by signing it into law.

Explore: A Parents’ Guide To Saving For Education
See: What It Really Costs To Attend America’s Top 50 Colleges

The Fulbright Program offers grants for competitively selected American students, teachers, professionals, scientists and artists who want to study, teach or conduct research abroad — and for those in other countries to come to the U.S. and do the same. Since the program was established in 1946, over 400,000 Fulbrighters from America and 165 additional countries have participated in the program. Here’s what a Fulbright grant is worth to U.S. students.

Make Your Money Work for You

Fulbright Award Benefits

While an exact dollar amount is not available, here is a breakdown of the award benefits you can receive if you are a U.S. student who is selected to participate in the Fulbright Program.

More: How Saving For Your Children’s College Can Get You a Tax Write Off

Award Benefits for All Fulbright US Student Grants

These are the standard award benefits that apply to all Fulbright U.S. student grants:

  • Health benefits, which cover accidents and illnesses
  • 24/7 support line to address both urgent and non-urgent issues
  • One year of non-competitive eligibility hiring status within the federal government

Additional Grant Benefits for Fulbright US Student Grants to Post Countries

Post countries are countries where there is no Fulbright commission or agreement in place to plan, implement and supervise the programs between the two countries. Instead, the U.S. embassy in the post country is responsible for supervision:

  • Round-trip transportation to the host country
  • Funds to cover the room, board and incidental expenses, which are based on the current cost of living in the host country
  • Orientation sessions before departing the U.S. and/or once in the host country
Make Your Money Work for You

Discover: How Much Money To Set Aside Each Month for College

Additional Grant Benefits for Fulbright US Student Grants to Commission Countries

Commission countries have an established treaty with the U.S. to plan, implement and supervise the Fulbright Programs between the two countries. There are currently 49 commission countries globally, which are organized by the following regions:

  • East Asia and the Pacific
  • Europe and Eurasia
  • Middle East and North Africa
  • South and Central Asia
  • Western Hemisphere

Please go here to find the website for the commission country you are interested in knowing about grant benefits for.

See: The Top Colleges with the Most Financial Aid

Other Possible Fulbright Grant Benefits

These benefits are contingent upon the award received and the host country:

  • Allowances for books and research
  • Midterm enrichment activities
  • Full or partial tuition coverage
  • Language study programs

If you happen to need coverage for extensive research support, travel within the country, study materials or equipment, it is recommended that you seek out funding from alternative sources to supplement what you receive from the Fulbright award.

Make Your Money Work for You

Your Opinion: Should Teens Save for College or Retirement? Take Our Poll

Additional Grant Benefit for English Teaching Assistants

As an additional benefit, English Teaching Assistants, also known as ETAs, are granted a 60-hour online TESOL Fundamentals Course. Here are the requirements for completing the course:

  • For participants going to post countries, the course must be completed prior to the predeparture orientation in the U.S.
  • For participants going to commission countries, the course must be completed prior to the in-country arrival orientation.

If you are an ETA who already holds TESOL certification or equivalent coursework, you are exempt from the requirements to complete the course.

More From GOBankingRates

Last updated: Aug. 9, 2021

About the Author

Cynthia Measom is a personal finance writer and editor with over 12 years of collective experience. Her articles have been featured in MSN, AOL, Yahoo Finance, INSIDER, Houston Chronicle, The Seattle Times and The Network Journal. She attended the University of Texas at Austin and earned a Bachelor of Arts degree in English.

Best Bank Accounts of June 2022

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.