Global Research & Internship Program

Funding & Financial Guidelines

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 placements 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.

Beyond the Penn Summer Waiver Award Program, all students accepted to GRIP will receive a funding award to help offset program costs.

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 experience. Each pre-approved placement has a set guaranteed GRIP Funding Award, which can be found on the “Money Matters” tab of each program brochure.

Additional funding is available through the GRIP application for students applying to pre-approved placements and who identify as one or more of the following:

*Highly Aided students who are accepted to a GRIP placement and who are rising juniors or seniors in Summer 2020 will receive a GRIP Funding Award of 100% of the Total Estimated Cost.  This funding is provided jointly by Penn Global and Student Financial Services. A student is considered Highly Aided if their family has $65,500 or less in income (with typical assets) and their Parent Contribution is $4,500 or less.  Eligible students will see a special message noting their Highly Aided status on their financial aid award within Penn In Touch.

*GRIP partners with the Freeman Foundation to provide additional financial support to students interning or conducting research in East and Southeast Asia. The primary objective of the Freeman funding awards is to strengthen the bonds of friendship between the U.S. and East/Southeast Asia by providing immersive opportunities for students to gain a deeper understanding of the different cultures, economies, systems, and values in the region. As per the Freeman eligibility requirements, this funding is available only to U.S. citizens and permanent residents of the United States. Students who meet the Freeman Foundation eligibility requirements and who are accepted to GRIP placements in select countries in East and Southeast Asia are guaranteed a GRIP funding award covering a minimum of 75% and up to 100% of the Total Estimated Cost, based on individual financial need.

Program locations eligible for these additional Freeman funds include: Cambodia, China, Hong Kong, Indonesia, Japan, Korea, Laos, Macao, Malaysia, Mongolia, Philippines, Singapore, Taiwan, Thailand, and Vietnam​.

GRIP Funding-Only award amounts will vary based on program cost, program length, and individual student need. Award amounts vary from $750 - $4,000+. Students are permitted to apply to additional funding sources. All other funding sources the student expects to receive must be listed in the GRIP Funding-Only application.

Funding for Highly Aided Students:

Highly Aided students who are rising juniors or seniors in Summer 2020 are eligible to receive 100% funding for programs costing up to $4,000. They are further eligible to receive additional funds beyond this amount, subject to program cost and available GRIP funds. This funding is provided jointly by Penn Global and Student Financial Services. 

A student is considered Highly Aided if their family has $65,500 or less in income (with typical assets) and their Parent Contribution is $4,500 or less. Eligible students will see a special message noting their Highly Aided status on their financial aid award within Penn In Touch.

Funding for Students in East and Southeast Asia:

GRIP partners with the Freeman Foundation to provide additional financial support to students interning or conducting research in East and Southeast Asia. The primary objective of the Freeman funding awards is to strengthen the bonds of friendship between the U.S. and East/Southeast Asia by providing immersive opportunities for students to gain a deeper understanding of the different cultures, economies, systems, and values in the region. As per the Freeman eligibility requirements, this funding is available only to U.S. citizens and permanent residents of the United States. Students who meet the Freeman Foundation eligibility requirements and who are accepted to GRIP placements in select countries in East and Southeast Asia are guaranteed a GRIP funding award covering a minimum of $2,000 and up to 100% of their program’s total cost, based on individual financial need.

Program locations eligible for these additional Freeman funds include: Cambodia, China, Hong Kong, Indonesia, Japan, Korea, Laos, Macao, Malaysia, Mongolia, Philippines, Singapore, Taiwan, Thailand, and Vietnam​.

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.