cost about $2 million for the first year, with all support being provided at the national level, and about $500,000 the second year, when most of the support would be provided by the schools in which the fellows are working. Thus, at steady state, the National Postdoctoral Fellowship Program suggested here would require about $2.5 million (in 2002 dollars) for 30 fellows; for a program of 60 fellows, the estimated cost would be about $4.8 million. These estimates include a basic annual stipend ($35,000) and benefits ($15,000) for each fellow in the first year, and some administrative costs in both years; but they do not include ancillary costs associated with evaluation and administrative overhead.
The committee recognizes that the details of the demonstration program will have to be specified in Phase III and will depend in part on the source of support for the program. The committee believes that one or more federal agencies, such as the National Science Foundation, the National Institutes of Health, and the Department of Education, are the most likely funders for this program because of its relevance to their responsibilities; however, its support might also come from private foundations.