Student Internship Stipend Program FAQ
Q: What is a stipend?
A: A stipend is a fixed payment to assist with expenses incurred while on your unpaid internship.
Q: Does the stipend have to be paid back?
A: The stipend is not a loan and does not have to be paid back as long as you complete your internship.
Q: Is the stipend taxable?
A: The stipend will be reported to the IRS and you will receive tax documents for the amount of the award. Please consult a tax advisor with regards to preparing your tax return and possible tax liabilities.
Q: If the stipend is taxable, will you withhold for taxes?
Q: What is the amount of the stipend?
A: While the amount is subject to change, we anticipate the value of each stipend awarded to be approximately $6,300.00
Q: Who is eligible to apply?
A: If you have received an email from us regarding the D.C. Stipend Program you are encouraged to apply. A minimum GPA of 3.2 is the only eligibility requirement.
Q: How do I apply?
A: Follow the instructions and complete the application at: http://www.studentinternshipstipendprogram.com
Q: When is the deadline to apply?
A: The deadline to apply is on April 15, 2019 at 11:59 pm Central Standard Time . Late applications cannot be accepted.
Q: When will a decision be made or when will I be notified if I was awarded a stipend?
A: Award notifications are scheduled for May 3, 2019
Q: If I am awarded a stipend, when will I receive it?
A: The stipend will be disbursed in two equal payments. The first payment is will be disbursed the 1st week of your internship . The second disbursement will be made at the halfway point of your internship. If you are awarded a stipend, you will be given more specific dates.
Q: I have never completed a FAFSA and cannot get a Student Aid Report, what do I do?
A: We understand some students never have needed to apply for student aid for a variety of reasons; simply provide a brief explanation on how you have paid for your educational expenses, including room and board, while pursuing your degree(s).
Q: Do I have to provide official transcripts?
A: Unofficial transcripts will suffice as long as they are current.