The US Student Fulbright program funds study, research, and teaching abroad for American citizens. The Fulbright program is sponsored by the US Department of State, and administered by the IIE (Institute of International Education).
"The US student Fulbright program is designed to give recent graduates with strong academic records opportunities for personal development and international experience. Grantees plan their own programs. Projects may include independent coursework, library or field research, classes in a music conservatory or art school, special projects in the social or life sciences, or a combination.
http://www.pugetsound.edu/x12970.xml