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Kennedy Scholarships provide full funding for up to ten British post-graduate students to study at either Harvard University or the Massachusetts Institute of Technology (MIT).[1] Susan Hockfield, the sixteenth president of MIT, described the scholarship program as a way to "offer exceptional students unique opportunities to broaden their intellectual and personal horizons, in ways that are more important than ever in an era defined by global interaction.".[2] In 2007, 163 applications were received, of which 10 were ultimately selected, for an acceptance rate of 6.1%.[3]