The current stipend for the academic year is $50,000. It is allocated in ten monthly payments from August through May of the Fellowship year and is considered taxable income. There are no costs to Fellows for attending regular classes at Harvard and MIT. Health insurance and child care costs are not covered by the program.
The Fellowship covers the cost of housing and makes every effort to provide appropriate housing for Fellows and their families coming from outside the Boston area. The accommodations are modestly furnished and conveniently located close to the Graduate School of Design.
A modest travel grant issued during the fall semester is aimed at covering about one round trip home per semester. The travel grants are considered taxable income. Most of the costs of the study tours are covered by the program.