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Study Abroad
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International Internships

Financial Matters

Financial Matters

IIP offers generous financial support to all students who have been selected for an international internship. 

Determining the Award

Internship award amounts are based on historical data and statistical analysis in each location. IIP considers the cost of living for each internship city and country where students reside for the duration of their internship.

  • For students on financial aid, the IIP award is estimated to cover airfare (roundtrip from Newark), travel to and from the airport, housing and meals, and local transportation to and from work. 
  • For students who are not on financial aid, the IIP award is estimated to cover travel to and from the airport, housing and meals, and local transportation to and from work. 

All students, regardless of financial aid status, can seek additional funds through the Student Activities Funding Engine (SAFE) to cover the cost of immunizations, and visas (if necessary). Additionally, students who are not on financial aid can search for additional funding for airfare costs ONLY up to the amount specified on the award letter. If you apply for or receive funding from any other source at Princeton, you MUST inform the IIP office.

Princeton also offers summer savings replacement aid for students on financial aid who are unable to meet the summer savings expectation. Contact the Office of Financial Aid for more information. 

Senior thesis funding

While students may conduct research for their senior thesis during the term of their internship, IIP interns are not eligible to receive Senior Thesis Research funding.   

Receiving the IIP Award

In order to receive the IIP award funds, students must complete the following action items:

Once all of the required steps are completed, IIP will process the award. Payment will be received as a direct deposit. In the event that direct deposit is not set up, students will receive a notification to pick up a check from the Office of Finance and Treasury. 

Taxes

All IIP awards are considered nonqualified student funding and may be taxable on your personal tax return. For more information, visit the Office of Finance and Treasury website.