These awards were established to assist graduate students with interest payments on unsubsidized educational loans and with financial need. All three awards are made through a single competition. Full-time students in any Rackham degree program may apply. Students must have completed one full term before the fellowship deadline.
The intent of the award is to help students pay interest charges accruing on educational loans while a student is in graduate school. U.S. citizens or permanent residents with $10,000 or more in educational loans (both private and federal) will be given first consideration.