Beinecke Scholar receives a total of $34,000 in support of his or her graduate education. The initial payment of $4,000 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 to pay for travel expenses directly related to the start of graduated school. While in graduate school, a Beinecke Scholar will receive an additional $30,000 in support. These funds are awarded as a supplement to support provided by the graduate school and the award may be 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 financial aid officer of the institution where the student is enrolled and disbursed in accordance with the scholarship policy of the academic institution. In addition, the following policies apply to the award: