From their website: "The Fulbright Program is the flagship international educational exchange program sponsored by the U.S. government and is designed to increase mutual understanding between the people of the United States and the people of other countries."
The Fulbright program offers many opportunities to do research, study, or teach English abroad. Grants are competitively bestowed upon applicants on a merit basis. If you're a college student, recent college graduate, or young professional, you are welcome to apply for one of the many Fulbright Programs.
Check out these links for more information: