The Goldwater Scholarship provides financial support to undergraduate students majoring in the natural sciences, engineering, and mathematics who demonstrate a strong commitment to pursuing research careers in these fields. The scholarship may be used to cover tuition, room and board, books, and required fees. 

Scholarship recipients may receive up to $7,500 per academic year. Sophomore recipients are eligible to receive funding during both their junior and senior years, while junior recipients may receive funding during their senior year only.