Payment Schedule

Students participating in the 2020 Michigan Biophysics REU program will receive a stipend of $5000 for the ten-week duration of the program (June 1 to August 7, 2020).  The stipend will be paid out on the following schedule:

Date

Stipend

June 1, 2020

$1000

June 19, 2020

$1000

July 2, 2020

$1000

July 17, 2020

$1000

July 31, 2020

$1000

Total

$5,000


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.