We often get questions about the difference between fellowships and internships. Many undergraduates are unfamiliar with the concept of a fellowship or imagine that they are exclusive experiences designed for a designated few. Internships feel more familiar.

According to the National Association of Colleges and Employers, more than 60 percent of college students will complete at least one internship before they graduate. Many more will use at least part of their first year out of college to intern in a possible career field.

Fellowships, however, are less understood, far more scarce, and include more prerequisites and requirements. Many, for example, are only available to graduate students. It can be confusing to weigh the benefit of undertaking a fellowship experience.