The Beinecke Scholarship is awarded to students of junior standing, who are planning to attend graduate school in the arts, humanities, and social sciences. The award provides $4,000 for the senior year of undergraduate study as well as an additional $30,000 during graduate school. There are no geographic restrictions on the use of the scholarship. Scholars are, however, encouraged to begin graduate study as soon as possible following graduation from college, and must utilize all of the funding within five years of completion of undergraduate study. 22 scholarships were awarded in 2008.