The Fulbright Program provides funds to scholars and other individuals to conduct graduate study, teaching, and other advanced research initiatives. Currently, the Fulbright Program lists 42 Nobel Prize winners. Sponsored by the United States Department of State’s Bureau of Educational and Cultural Affairs, Fulbright programs include its U.S. Student and Foreign Student programs, and its Visiting and U.S scholar programs.
In late 2013, the Institute of International Education released an annual report, which announced that American students are enrolling in foreign study programs in greater numbers than ever. Similarly, foreign students are enrolling in U.S. higher education institutions in record numbers. The top 25 destinations for American students in schools abroad include the United Kingdom—the number one choice— followed closely by Italy and Spain. Among foreign students coming to America, hundreds of thousands of Chinese students select U.S. colleges and universities.