The U.S. Department of Education awards Jacob K. Javits Fellowships to students pursuing a Ph.D. or M.F.A. in selected fields in the arts, humanities, or social sciences. Entering graduate students or those who are in their first year of graduate school may apply. Applicants must demonstrate financial need. The fellowship consists of an institutional payment and personal stipend and may be renewed up to 48 months or the completion of the degree.