Global Research & Internship Program Funding & Financial Guidelines
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Many students find that participating in the Global Research & Internship Program for 8 to 12 weeks over the summer 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 accepted to one of our pre-approved internship or research opportunities are guaranteed a GRIP funding award. These funding awards are intended to help offset the program and/or travel costs 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 in PASSPORT. Note that for Summer 2021, funding award amounts will vary depending on whether the placement is offered on-site abroad or in a virtual format.
Additional funding above and beyond the guaranteed GRIP funding award is available through the GRIP application for students whose program takes place on-site abroad and who identify as one or more of the following:
First-generation college student
Financial aid recipient
An underrepresented student in international opportunities, as included in Diversity Abroad’s Guide to Study Abroad
Funding for Highly Aided Students
Highly Aided students who are accepted to a GRIP placement that takes place on-site in the host country and who are rising juniors or seniors in Summer 2021 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.
Freeman Foundation Funding
GRIP partners with the Freeman Foundation to provide additional financial support to students interning or conducting research on-site 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 and whose program takes place on-site in the host country are guaranteed a GRIP funding award covering 100% of the Total Estimated Cost. Please note that Freeman Foundation funding is not available for virtual programs.
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.
Due to COVID-19, please note that for GRIP Summer 2021, the GRIP funding awards will vary depending on whether the individual placement is offered on-site abroad or in a virtual format. Please read the “Money Matters” tab of your program’s brochure in PASSPORT for detailed information about funding awards for that program.
GRIP Funding-Only awards are not currently available for Summer 2021.
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.