accio_fulbright

First time poster and also anxiously awaiting news like all of you! Does anyone have information on how the academic degree grant Fulbrights work? I got accepted to my program and they require that I put in a deposit for a placeholder within the next month. However, doing the program largely relies a lot on whether or not I receive the Fulbright as I wouldn't be able to afford it otherwise. Anyone else in this situation or has been in this situation? Thank you and may the odds be in your favor!