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Up to 50 Fellowships are awarded annually to study at one of nine participating Florida universities, including the University of Miami. Each award provides annual tuition up to $5,000 (tuition above this amount is waived by the participating institution) for each of three academic years plus an annual stipend of $12,000. (An additional two years of support at this same level is provided by the participating institution.) The award also includes a comprehensive system of academic support.