Payment Schedule

Students participating in the 2019 Michigan Physics 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 DepositRentTotal
 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 1098-T) 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.