The Hertz Graduate Fellowship Award is based on merit (not need) and consists of a cost-of-education allowance and a personal-support stipend for students of the applied physical and biological sciences, mathematics, and engineering.

The cost-of-education allowance is accepted by all of the participating schools in lieu of all fees and tuition. Hertz Fellows therefore have no liability for any ordinary educational costs, regardless of their choice among participating schools.

Fellows must attend one of the Foundation's currently participating schools, or must petition the Foundation to include a school in the United States that he/she desires to attend. Drexel is not currently a participating school. Please visit the Foundation website to view a current list of participating schools.

College seniors, recent graduates, or first-year graduate students who are US citizens or permanent residents intending to pursue a PhD in the applied physical and biological sciences, mathematics, or engineering are eligible to apply. Applicants must intend to direct their studies toward understanding and solving major, near-term problems facing society.