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GlossaryFinancial

What is Fellowship (Graduate)? Meaning, Full Form & Guide (2026)

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Quick Definition

A fellowship is a merit-based award providing a graduate student with a stipend and often full tuition coverage without requiring teaching or research duties. Fellows are free to focus entirely on their studies or research. Prestigious examples: NSF Graduate Fellowship, DAAD Fellowship, Fulbright.

Fellowship (Graduate) — Full Explanation

University fellowships are commonly awarded to top PhD admits. External fellowships (NSF, DAAD, Chevening, Commonwealth) are independently applied for. Fellowships are the most desirable funding type — they impose no work obligations. Highly competitive — usually top 5–10% of applicants.

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Written & reviewed by

Arjun SinghAcademic Counsellor — Test Prep & Complex Profiles
600+ students

Frequently Asked Questions

Stipend portions used for living expenses are typically taxable. Portions covering tuition are generally tax-free. Consult a tax advisor — treaty benefits may reduce liability for Indian students.

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