The MMUF Earnings Replacement and Expense Fund may be applied in ways which facilitate the student's development as a scholar. Quarterly reports from fellows and mentor and coordinator approval of spending plans are required before funds are disbursed.
Examples include: * Replacement of term-time earnings * Replacement of summer earnings * Special study of foreign language * Workshop or conference fees * Purchase of books or scholarly materials * Travel to archives, research sites, or professional conferences Fellows who work toward a codoctorate in Mellon-designated fields will receive assistance in repaying their undergraduate student loans up to $10,000.
HOW A MELLON MAYS FELLOWSHIP WORKS: Earnings Replacement and Expense Fund During the year Following summer Junior Year $1,600 $3,500 Senior Year $1,600 $3,500 Undergraduate Loan Repayment While Enrolled in a Ph.D. Program Year 1 1/8 of loans up to $1,250 Year 2 1/8 of loans up to $1,250 Year 3 1/8 of loans up to $1,250 Year 4 1/8 of loans up to $1,250 Undergraduate Loan Repayment on Receipt of Ph.D. Degree 1/2 of undergraduate loans up to $5,000 Maximum Value of the Fellowship $20,200 [source]
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