The Don Lavoie Fellowship, offered by the Mercatus Center, is a competitive, renewable, and entirely online semester-long program designed for advanced undergraduate students, recent graduates, and early-stage graduate students. The program is targeted at individuals from any academic discipline who are interested in political economy, specifically the Austrian, Virginia, and Bloomington schools of thought. The fellowship provides an award of up to $1,250, which includes a stipend, all required readings, and academic and professional advising.