The award covers tuition fees and provides a monthly stipend which covers living costs, and such extras as entertainment and travel. The value of the award is adjusted annually, with the current annual stipend for U.S. Thourons for 2023-24 at £23,275 outside London, £26,275 in London plus a $2500 travel stipend. Students are expected to use much of their vacation time to explore the U.K.