At least fourteen Churchill Scholarships are offered annually. The Scholarship is tenable from nine to twelve months, in accordance with the academic program.
The Churchill Scholarship is worth between $45,000 and $60,000, depending on the exchange rate. It covers all University and College fees (currently about $26,000). In addition, Churchill Scholars receive a living allowance of £11,000 if enrolled in a nine-month program, £12,000 if enrolled in a ten- or eleven-month program, and £13,000 if enrolled in a full-year program. They receive an allowance of up to $1,100 for travel to and from the United Kingdom, as well as reimbursement of applications fees for a UK visa (currently up to $477). In addition, the Foundation now offers a Travel Award of $500 to enable Churchill Scholars to take better advantage of opportunities to travel in the United Kingdom, on the Continent, and wherever else good airfares lead them.
The Foundation also offers the possibility of a Special Research Grant of up to $2,000; this grant may cover travel for presentations at international conferences, short stays at another university or institute for special research, and other activities.
A spousal allowance for married students is made in accordance with the guidelines of the University of Cambridge and is currently £6,468; the couple is responsible for a spouse's airfare and visa expenses..