* International Students: College Summer Funding with no additional source of income does not require Optional Practical Training (OPT) authorization. Students with F-1 Visas must consult the International Student and Scholar Services and Advising for advising in order to receive College Summer Funding.
(a) Required Paperwork
Summer internship funding awards are processed through student payroll.
If you have never been an employee of the College or have not worked for the College in the last two (2) years, you MUST go through the student New Hire process. You will need to complete an I-9, a W-4 and a Direct Deposit form. Please consult your Award Letter for more information.
Additional required paperwork, available from the funding program:
(Note that timesheets are NOT required for BMC summer internship funding.)
(b) Payment Schedule
Please consult your award letter for details about the payment schedule. Generally, payments are issued in 5 bi-weekly payments over the summer. A final payment is withheld and issued upond receipt of your final reporting materials.
If you have significant up-front costs (such as international airfare or rental deposit), please contact the director of your funding program as soon as possible to inquire about arranging a lump-sum payment. In some cases, lump-sum payments may be authorized.
(c) Tax Treatment of INTERNSHIP FUNDING AWARDS
Salary payment for your summer funding is subject to applicable federal, state, and local income taxes and FICA. For most students this will amount to about 15-16% of the stipend.
(a) Required Paperwork
The most efficient way for you to be paid is by direct deposit into your bank account. If you have ever been an employee of the college, you will be paid by direct deposit according to the information in your Payroll record. Be sure to update your record if you have had a bank change. If you have never been employed by the college, we encourage you to arrange to be paid by direct deposit by completing the Direct Deposit Form. If you prefer to be paid by check, you MUST provide us with the address where you would like to have your checks mailed.
To set up direct deposit OR to if you have had a bank change, complete a Direct Deposit Authorization form and submit to Mary Ellen Gardner, Accounts Payable Coordinator, Controller's Office, email@example.com / phone (610) 526-5258 / fax (610) 526-7870.
(b) Payment Schedule
In most cases of Fellowship awards, you will receive your summer funding in a total of 3 payments. 2 equal payments and a final payment upon receipt of your Final Report.
(c) Tax Treatment of FELLOWSHIP AWARDS:
United States Citizens and Resident Aliens
Fellowships are federal taxable income to students except fellowships that directly pay tuition and fees, books, supplies and equipment, if required of all students in the course. The College is not required to deduct taxes from fellowships. At year end, fellowships are not reported on any tax form but the amount paid is listed on a letter sent to students. For more information refer to IRS Publication 970, Tax Benefits for Education on the IRS web site @ www.irs.gov.
Fellowships are federal taxable income to students. At year end, fellowships are reported on Tax Form 1042-S. Taxes withheld will be charged to the student’s account and will not be deducted from fellowship payments. The withholding rate is 14% on a fellowship paid to a nonresident alien temporarily present in the United States in "F," "J," "M," or "Q" nonimmigrant status. A fellowship payment made to a nonresident alien individual in any other immigration status is subject to 30% withholding. However, a fellowship paid by a U.S. grantor to a nonresident alien who performs his study, research, or training outside the United States is considered to be a foreign-source grant, and is therefore not reportable to the IRS and is not subject to withholding.
Davis Projects for Peace - 1/30/15
Alumni Regional Scholars - 2/1/15
CPGC International Parternships - 2/1/15
Hanna Holburn Gray - 2/9/15
CPGC International Self-Designed 2/15/15
Andrew Silk Summer Journalism Internship - 2/22/15
Museum Studies Internship - 3/6/15
LILAC Summer Funding - 3/8/15 (First Deadline), 4/12/15 (Final Deadline)
Civic Engagement Summer of Service - 3/8/15