Summer Equity Grant

Additional Information About the Summer Equity Grant

Applying and Eligibility Requirements

Applying

Students Will Need to Do the Following:

• Complete and upload the Summer Equity Grant Spending Spreadsheet listing all expected expenses and sources of funding
  • Budget Spreadsheet  [To download a copy, File -> Download -> Microsoft Excel (.xlsx)]
• Submit documentation of expenses (e.g.: lease and bills, housing contracts, etc.). If you do not have a formal lease (e.g.: you are renting from a family member) or if you're living with roommates, please include what you have to verify your living arrangement, a copy of the master lease/mortgage, and complete our sublease agreement form. You need to be able to provide documentation of the housing option you plan on using. Estimates for multiple possible housing options are not acceptable.
  • If your opportunity is on-campus, please be mindful of cost for interim periods (including which residences offer interim housing and which don't), summer fees, and meal plan requirements. Visit RD&E for more information about summer housing assignments.
• Students do not need to submit documentation for food expenses. Food costs are calculated based on USDA recommendations for a liberal plan for a male age 19-50 regardless of your gender identity. Visit the USDA website here.
• Acceptance letter for program. Submit documentation of opportunity that includes length of program (with start and end date), expected hours per week and income (hourly rate or lump sum for stipend), where the program is taking place, and whether the opportunity is in-person, hybrid, or fully remote. If unpaid, documentation should indicate such.

Eligibility Requirements 

• Parent Contribution must each be 3,500 or less
• Can only be used ONCE during summer quarter and the summer opportunity needs to occur between June 12, 2024 to September 15, 2024
  • Students who have not received a grant before and Juniors will be prioritized in our review process.
• Student must be pursuing a full-time opportunity, whether that is an internship, conducting research (excluding thesis research), participating in a fellowship, or participating in a community service program in the United States
  • The opportunity must be a minimum of 30 hrs per week and must be at least seven weeks of the summer.
• Living expenses up to $6,500 (this includes food, internet [if required to work remotely at all], utilities, transportation, and rent)

Things to Know

• Please only submit one application.
• If we need additional documentation or have questions about the documentation you submitted, we will follow up with you after May 24th.
• To receive the fund disbursement, if approved for a Summer Equity Grant, students will need to complete a Canvas course about managing summer finances, made in partnership with Mind Over Money, which will take about 30-45 minutes to complete. The link to the course will be sent to all those approved for a Summer Equity Grant.
• To apply for the Summer Equity Grant for Summer 2024, please submit an application request with ALL the requested documentation. You can also check Handshake for any Stanford opportunities that might be available, if you don’t currently have one lined up. 
• Funding is on a first come, first served basis, is not guaranteed, and grants will not be distributed until early June for anyone approved prior to that time. They will be distributed on a rolling basis thereafter until allocated funding has been reached. 

Questions about the Summer Equity Grant (SEG)? 

Please contact us.

Campus Partners

Here are some campus partners with programs that could be supported with a Summer Equity Grant if they're unable to provide the funding needed to meet your living expenses for the duration of the program.

Expenses Covered and Not Covered

Examples of Expenses Covered

• Housing/Utilities
  • This includes rent, support for utilities (water, electricity/power, gas, etc.), and any other shared housing expenses 
    • If a student is living at home, with family members, friends, or family friends and required to pay rent, then no more than 33% of the rent/utility expenses will be provided. The master lease/mortgage and utility bills will need to be provided along with the sublease agreement to be considered.
• Food (based on USDA recommendations. See below)
• Transportation (if needed and with supporting documentation)
  • Local transportation, up to $200 (cost of public transportation, gas, etc. to/from your opportunity and where you're staying)
  • Flights to the location of the opportunity and back home after opportunity concludes, if opportunity is not located in student's home city
• Wifi accommodations, if required to work remotely (with supporting documentation)
  • If you are living with others, you need to be sharing this cost, unless stated in your lease/sublease agreement that you will be solely responsible for this 

Expenses Not Covered

• Family expenses, if student is NOT living at home
• Health Insurance Costs*
• Cancellation Fees associated with housing, transportation, etc.

*Students who receive the Summer Equity Grant can still apply to the Opportunity Fund for other expenses (e.g.: computer support, medical/dental expenses, emergency travel, citizenship expenses, etc.)

Summer Equity Grant Frequently Asked Questions

Explore frequently asked questions about the Summer Equity Grant (SEG).

Summer Equity Grant-Related Forms

• Sublease Agreement 2024
• Summer Budget Spreadsheet
• Important Financial Aid Forms