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Colleges could face a huge penalty if they are caught infringing on the law.

There are about 1,500 of the student awards to go around, and those awarded the State Department-sponsored fellowships are able to study, conduct research, or teach English in 140 countries.

Grants are awarded in all fields and disciplines through the Institute for International Education.

Each scholarship is $2,000, and must be used for graduate studies in political science.

Consider all of the options you already would when you were funding your undergraduate education (essay scholarships, merit-based awards, student and career-specific scholarships, etc.) but expand your search to organizations and sponsorship opportunities. Find out what incentives your employer offers for employees pursuing an advanced degree: Many employers offer some form of tuition reimbursement and while you’ll probably need to remain at that company for some time once you’ve complete your graduate degree, it could be a good deal if you were planning to do so anyway.

The National Science Foundation offers a Graduate Research Fellowship Program offers opportunities to graduate students interested in pursuing science, technology, engineering and mathematics disciplines.

Fellows are expected to become experts who can contribute to research, teaching and innovations in science engineering.

You may be surprised by what your alma mater can offer you, so explore all of your options.