Payment Schedule

Students participating in the 2019 Michigan Biophysics REU program will receive a stipend of $5000 for the ten-week duration of the program (June 3 to August 9, 2019).  The stipend and room rent will be paid out on the following schedule:

Date

Stipend

Deposit

Rent

Total

June 3, 2019

$1000

$500

$200

$1700

June 10, 2019

$1000

 

$600

$1600

June 28, 2019

$1000

 

$400

$1400

July 15, 2019

$1000

 

$800

$1800

August 12, 2019

$1000

-$500

 

$500

Total

$5,000

$0

$2,000

$7,000



Tax Information
Please note that the REU stipend is taxable.  However, it is paid out of a financial aid account and not of a high enough value to trigger a tax form (i.e. W-2 or 1098T) from the university, so it will be considered Self-Reported Income on your income tax form.

If you have questions regarding this, the phone number for Student Financial Services is (734) 764- 7447.