 The Award, among the most generous exchange fellowships in the world, pays tuition and a stipend that covers room, board, and such extras as entertainment and travel.The Exchange Programme was set up to bring young people of exceptional ability from each country into contact with the ideas and peoples of the other country.The experience of sharing different ways of life, of studying in a new academic and cultural environment, and of confronting viewpoints and assumptions that have long and varied pasts, fosters personal enrichment and maturity and contributes to deeper understanding of the people and the traditions of each country.