---
kind: "section"
citation: "20 U.S.C. § 4508"
title: "20"
title_heading: "Education"
number: "4508"
heading: "Amount of fellowships"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/20/4508"
units:
  - "Chapter 57 — James Madison Memorial Fellowship Program"
---

# §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](/usc/20/4514.md?p=1), or $12,000, whichever is less, for each academic year of study.


## Source credit

(Pub. L. 99–500, § 101(b) [title VIII, § 809], Oct. 18, 1986, 100 Stat. 1783–39, 1783–78, and Pub. L. 99–591, § 101(b) [title VIII, § 809], Oct. 30, 1986, 100 Stat. 3341–39, 3341–78.)

## Notes

### Editorial Notes

### Codification

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