20 U.S.C. § 4508 : US Code - Section 4508: Amount of fellowships

Search 20 U.S.C. § 4508 : US Code - Section 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.