Candidates may be of any age as long as they have completed two years of university study or appropriate professional experience prior to the commencement of the scholarship. This award is intended to help cover tuition, fees, room and board, limited language training (as assigned by the Rotary Foundation), and miscellaneous expenses up to a specified financial limit for one academic year of full-time study in another country. That limit is $26,000 including transportation in 2007-2008. (This does not mean that all scholars will receive $26,000. It does mean that scholars will receive no more than that amount.) This financial limit applies to SHARE scholarships as well as named and endowed scholarships. 

The Rotary Foundation will give precedence to payment of all transportation, tuition, and assigned language training costs over other scholarship expenses. When scholars are assigned to more expensive schools, most or all of the scholarship amount may be committed to tuition at the assigned study institutions. Scholars will then be responsible for covering all other costs through personal funds or additional scholarships. All candidates must be fully informed of this policy and their related responsibilities. Scholars who cannot supplement their scholarship with personal funds should request study institution assignments where the total costs are well under the financial limit.