The Killam Fellowships Program offers American undergraduate students the opportunity to spend either one semester or a full academic year as an exchange student in Canada. The fellowship carries a value of $5,000 per semester, and includes health insurance for the duration of the exchange. The program also includes a three-day seminar in Ottawa (Canada’s capital) and Washington, D.C., and additional funding to explore other parts of Canada. All of the information is available on the website. Please note that the application deadline is January 31, 2011.