A Beinecke Scholar receives a total of $35,000 in support of their graduate education. Once a Scholar has accepted an offer of graduate study and has received their undergraduate degree, $5,000 is awarded directly to the student prior to entering graduate school. This award is intended to offset the costs associated with the graduate application process and travel expenses related to the start of graduate school. While in graduate school, Scholars receive an additional $30,000 in support. These funds are awarded as a supplement to support provided by the graduate school. The award is spread over up to five years to comply with institutional limits on the total amount of a student’s annual award. In the absence of institutional support or limits, Scholars may receive a maximum award of $15,000 per year. These funds are sent directly to the institution where the student is enrolled and disbursed in accordance with the scholarship policy of the institution.

In addition, the following policies apply to the award:

• A scholar must be attending an accredited graduate school as a full-time student in good academic standing in order to receive funding.
• A scholar can attend graduate school in the US or abroad, but there is no guarantee that universities outside the US will be able to accept Beinecke funding.
• A scholar must utilize all funding within six years of completing their undergraduate studies, and within five years of beginning graduate studies.
• A scholar can receive Beinecke funding concurrent with a Knight-Hennessy Scholarship, National Science Foundation Graduate Research Fellowship, Marshall Scholarship, Rhodes Scholarship, Gates Cambridge Scholarship, and, in some cases, a Fulbright US Student grant (if the grant supports graduate study).
• A scholar cannot receive Beinecke funding concurrent with a Schwarzman Scholarship.
• Students who are selected to receive the Truman Scholarship will not be awarded the Beinecke Scholarship.