What is the difference between the CfA and Clay Fellowships?
The Clay Fellowship is a four-year program. The CfA Fellowship is a two-year program, with renewal for a third year likely contingent upon satisfactory progress. In terms of compensation, the Clay Fellowship offers an annual stipend rate of $60,500 the CfA offers an annual stipend rate of $59,500. In regard to academic qualifications, the Clay Fellowship is open to all Ph.D. recipients whereas the CfA Fellowship accepts applications from those acquiring their Ph.D. between July 1, 2008 and September 1, 2009.
