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Fellowship is a course of time of medical training in the US and Canada where a physician or dentist engage themselves to complete a specialty training program (residency). In this course of time (usually more than year), the aspirant is known as a fellow. Fellows are capable of carrying out duties and serving as a physician or a consultant physician in the generic field which they are qualified in, such as enclosed medicine or pediatrics. As the fellow engages in the practical aspects of the sub-specialty, the fellow is affirmed to permitted to practice without the supervision of senior physicians in the sub-specialty, like as cardiology or oncology.

Graduate schools face challenges in securing funding to cover tuition fees and living expenses. Fortunately, various government agencies, institutions of higher education, and other organizations recognize the value of graduate education and provide guidance to students pursuing master's or PhD degrees. Through graduate fellowships, such organizations make it possible for students to fund their graduate studies. These fellowships are provided by specific universities, where students are expected to conduct research to earn their degrees.

Fellowships have traditionally been awarded to graduate and post-graduate studentsbut there are an increasing number of fellowships available to recent college graduates in public policy, the arts, education, and other nonprofit fields.

The individuals chosen for the USC School of Pharmacy fellowship program are qualified health, dental and other benefits provided to university students and to: An allowance of approximately $51,000.:

An allowance of approximately $51,000.

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An assistantship is a form of financial assistance arranged for the graduate students through part-time academic employment. An allowance is rewarded to the assistants in exchange for assignments they accomplish for the faculty member, the department, or the college. Teaching assistantships give allowance in return of the teaching activities, such as assisting a professor by administering lab or study groups, preparing lectures, and grading. Research assistantships compensate students for supporting the professor in his/her research work.

Graduate Assistant (GA), Research Assistant (RA), Teaching Assistant (TA)

Graduate schools are expensive. The prospect of acquiring debt is unappealing. Most aspirants seek favorable opportunities to work for at least a portion of their tuition. The teaching assistantship allows students to learn how to teach in return of the tuition expenses.

An assistantship is a form of funding in which the student works as an assistant in exchange for a stipend. Aspirants awarded research assistantships become research assistants and are appointed to work under a professor in the lab. The supervising faculty member may or may not be the student's chief advisor. The responsibilities of research assistants differ by cultivation and lab but include all assignments needed to pursue research in a given area, such as:

• data collection, entry, and analysis
• reviewing the literature and other library work
• writing reports
• copying, filing, and collating
• organizing and/or cleaning the lab or office

A graduate assistantship is a way for a graduate student to work for a university in his or her chosen field, generally while being paid a small stipend in combination with the bonus of free tuition. Graduate assistantships are quite competitive and will vary by university. For those students who excel in their field of study, however, they can be an excellent way to gain experience while continuing their education.