Summer Financial Aid (Public Interest Stipends)

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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TIKITEMBO

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Summer Financial Aid (Public Interest Stipends)

Postby TIKITEMBO » Fri Sep 16, 2011 4:36 pm

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Last edited by TIKITEMBO on Thu Sep 20, 2012 1:33 am, edited 1 time in total.

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sawwaverunner

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Re: Summer Financial Aid (Public Interest Stipends)

Postby sawwaverunner » Fri Sep 16, 2011 4:58 pm

$5000 is the highest I have seen for Public Interest work. It's not a lot, but most internships only last like 10 full-time weeks. So $5000 is still just a little under $20/hour, which is not bad at all. But back to your question, I really can't think of any ever offering more than 5k. Good luck though!

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TIKITEMBO

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Re: Summer Financial Aid (Public Interest Stipends)

Postby TIKITEMBO » Fri Sep 16, 2011 6:15 pm

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Last edited by TIKITEMBO on Thu Sep 20, 2012 1:33 am, edited 1 time in total.

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rinkrat19

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Re: Summer Financial Aid (Public Interest Stipends)

Postby rinkrat19 » Fri Sep 16, 2011 6:21 pm

Also, a lot of people manage to squeeze a whole year of living expenses (or close to it) out of the loans/grants intended to cover 9 months. If you can even just stretch the school year money to cover one extra month, $5000 should be plenty.

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cinephile

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Re: Summer Financial Aid (Public Interest Stipends)

Postby cinephile » Fri Sep 16, 2011 6:23 pm

TIKITEMBO wrote:That is a good point. $20 an hour is nothing to be angry about. Is it possible to do more than one stipend per summer? I haven't seen anything indicating that yet.


What I've seen has explicitly stated no.

Also, the highest public interest summer stipend I've seen is $7000, but that's super competitive.

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leobowski

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Re: Summer Financial Aid (Public Interest Stipends)

Postby leobowski » Sat Sep 17, 2011 2:08 am

sawwaverunner wrote:$5000 is the highest I have seen for Public Interest work. It's not a lot, but most internships only last like 10 full-time weeks. So $5000 is still just a little under $20/hour, which is not bad at all. But back to your question, I really can't think of any ever offering more than 5k. Good luck though!



Where are you getting $20 an hour? 40 hours a week times ten weeks is 400 hours. $5k divided by 400 is around $12 an hour.

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smokyroom26

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Re: Summer Financial Aid (Public Interest Stipends)

Postby smokyroom26 » Sat Sep 17, 2011 3:50 am

cinephile wrote:
TIKITEMBO wrote:That is a good point. $20 an hour is nothing to be angry about. Is it possible to do more than one stipend per summer? I haven't seen anything indicating that yet.


What I've seen has explicitly stated no.

Also, the highest public interest summer stipend I've seen is $7000, but that's super competitive.


Yep, to both points. Mega competitive.



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