Students with outstanding undergraduate records and GRE scores may qualify for university fellowships. Applicants who attended undergraduate institutions that do not use traditional grading methods may be at a disadvantage in competition for these fellowships. Nelson Institute fellowship committees nominate qualified candidates for the various fellowships available. Students interested in being considered for a university fellowship must apply by December 1. Benefits in addition to the stipend vary depending on the type of fellowship and can include tuition waivers and health insurance.