A stellar undergraduate performance shows a solid work ethic and a propensity to learn. Add to the mix, a Fulbright or Rhodes scholarship and you are among the most elite undergraduates in the country. Only 865 Fulbright Scholarships (to graduating seniors from US campuses—all told there are 8,000 Fulbright awards granted each year) and a mere 32 Rhodes Scholarships were awarded this past year. Aiming to be a recipient of either one is an excellent way to bolster your undergraduate experience. Even falling short will end in excellence—and that, after all, is the intention of your college years.