The University of Rochester is one of the top-tier research universities in the United States. Alumni and faculty have earned national and international honors, including eight Nobel Prizes, 12 Pulitzer Prizes, and more than 20 Guggenheim Fellowships. Faculty and students annually garner Fulbright Scholarships and other prestigious awards for their academic work. The university has a $2.2 billion endowment and attracts nearly $400 million in research funding annually. Facilitating student success is an important priority at Rochester: more than 90 percent of PhD students receive funding from the university, and nearly 90 percent of undergraduate students receive financial aid. Approximately 90 percent of recent undergraduates were employed or continuing their education after graduation. They join a network of more than 100,000 alumni who can be found all around the world.