The final way in which many graduate students are
supported is through a fellowship. A fellowship differs
from an assistantship in that students who hold a
fellowship are only obligated to complete coursework and
research related to obtaining their degrees. Many
fellowships do have strict rules regarding the amount of
outside work which a fellow may undertake. In addition,
depending on the funding agency, fellows may be required
to make periodic progress reports. To get more information about
what fellowships are available (both university funded and externally
funded) the grad school has a nice webpage at
CLICK HERE.
Although taxes are not withheld from fellowships paid to some U.S. students, fellowship stipends are taxable income! Consult IRS publications and Cornell's payroll office for more information.