The National Physical Science Consortium is a partnership between government agencies and laboratories, industry, and higher education. NPSC's goal is to increase the number of American citizens with graduate degrees in the physical sciences and related engineering fields, emphasizing recruitment of a diverse applicant pool including women and minorities.

The NPSC Graduate Fellowship is unique in being: open to all American citizens; lasting for up to six years; providing a $20,000 annual stipend; covering tuition; including one or two paid summer internships with a government agency; providing a mentor and the opportunity for a lasting relationship with the sponsor.

The Traditional NPSC Fellowship provides support for up to six years, depending on degree sought and employer funding. Students may apply during their senior year in college, or in the first year or two of graduate school, as long as they are not eligible for the program below.

The Dissertation Support Fellowship provides support while a graduate student conducts dissertation research. Students should apply in the year of graduate school prior to the beginning of their dissertation research program, but not before they can describe their intended research in general terms.