Global Research & Internship Program
Funding & Financial Guidelines
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Many students find that spending 8 to 12 weeks abroad in the summer with the Global Research & Internship Program makes good financial sense. While these internships are mostly unpaid, Penn Abroad provides funding awards to help offset program costs and make your internship experience possible.
While the GRIP is a non-credit bearing opportunity and is thus not eligible for financial aid, students participating in either pre-approved GRIP placements or funding-only opportunities and who receive financial aid may be eligible to participate in the Penn Summer Waiver Award Program. Eligible students can receive a waiver for all or part of their summer savings expectation for the upcoming academic year. We are happy to provide the necessary documentation for the waiver application. Please visit the SRFS website to read more information about the program and to access the application for this summer.
All students who are placed in one of our pre-approved internship or research opportunities will be given a GRIP funding award. These funding awards are intended to help offset the cost of round-trip travel, living expenses, visa costs, etc., but are not meant to cover the entire internship experience. Funding awards will be determined based on a variety of factors, including your financial need, your relevant qualifications, and the estimated cost of your program.
Students applying for our pre-approved placements will also have the opportunity to apply for one of five GRIP Special Awards funded by Penn Global. GRIP Special Awards are supplementary awards given in addition to the standard GRIP funding award.
All qualified students accepted to an internship or research opportunity outside of the United States for 8 to 12 weeks in the summer are encouraged to apply for funding. As funding awards are especially competitive, not all applicants will be awarded funding, and awards are granted on a rolling basis until funds are exhausted.
Funding-only is typically a partial funding source, and we encourage applicants to seek additional external funding sources as well. For example, Career Services and the Center for Undergraduate Research and Fellowships (CURF) have summer funding opportunities that can be applied to your summer program.
GRIP funding awards are taxable. The payment of an award to a student recipient will be reported as Miscellaneous Income.
For U.S. Citizens: No taxes are withheld from these payments, although the university does report the payments to the IRS and the student on form 1099-MISC.
For Foreign Nationals: Awards will be subject to a withholding of up to 30%. Information regarding a potential income tax treaty exemption from withholding will be reviewed by the tax office prior to the award disbursement.