Each fellowship provides three years of support over a five-year fellowship period. For each of the three years of support, NSF provides a $37,000 stipend and $16,000 Cost of Education allowance payment to cover all tuition and mandatory fees to the graduate degree-granting institution of higher education for each fellow who uses the support in a fellowship year.  The fellowship is portable and can be transferred to a different institution of higher education if a fellow chooses to transfer to another institution after completion of the first fellowship year.  While the fellowship is offered to the individual, the fellowship funds are awarded to the institution of higher education at which a fellow is enrolled, and the institution is responsible for disbursement of the stipend to the fellow.