The Honor Society of Phi Kappa Phi currently awards fifty-one Fellowships of $5,000 each and six at $15,000 each to members entering the first year of graduate or professional study. Each active Phi Kappa Phi chapter may select one candidate from among its local applicants to compete for the Society-wide awards.
- accepted membership by June 30, 2014
- applied to enroll as a full-time student in a post-baccalaureate program of study during the coming academic year