@HydeSnark at #16 - very helpful!
I would think a modest Metcalf grant to stack onto a paid internship to help with summer housing would be so much more helpful. If a middle class student wants to intern in an expensive city, even with a good internship, housing (and food) is going to eat most if not all of the income generated. I’d bet a lot of lower and middle income students b-line back home to intern because summer rent in a dynamic major city is too unrealistic. Something to consider if the university monitors this board.
@coldbrew22 there are also various grants that one may apply for, though not sure whether or to what extent they are stackable. The career advancement website has more information.
Odyssey kids probably get direct assistance with stuff like internship stipends, either via Metcalf or other avenues.
My D secured a summer Metcalf internship at the end of Feb. and brought the stipend check home with her for Spring Break! My husband was dumbfounded at the idea that they just give you so much money up front till she explained that many kids need the stipend early-on in order to make a deposit on summer housing. She’ll be working in Chicago and living rent-free with relatives so that situation didn’t apply to her exactly, but hey - when the check is ready, it’s ready.
@JBStillFlying BTW they don’t take out any taxes out of that stipend, so you’ll get a surprise come tax filing time.
@CU123 - I know, right? Fortunately she overwithholds a bit on her work-study job, but we will need to figure all that out later in the year and send in estimated payments if prudent. At least in 2019 all her earned income will be in the same state, unlike last year! I don’t recall earning enough in college for any of this to have been an issue.
It’ll be a bigger headache with my son. He’s talking about getting a grant from UChicago to go work in NYC, so which state has a claim on that income - IL or NY? (Ha - I can guess the answer already).
The summer I worked on a roofing crew in Texas it was much simpler: At the end of the day the boss and sole proprietor counted up the empty bindings which had secured the bales of wood shingles you had hammered into place during the day; peeled the requisite number of bills from the wad in his pocket (at a dollar a bale); and paid you for that day’s services. “We don’t need no stinkin’ paperwork!” Of course it helped that Texas did not then have and I think still does not have a state income tax. Don’t tell the feds, however.
well I worked jobs with w2’s but I still didn’t make enough to pay any income tax. In those days I just completed the 1040 EZ and responded “yes” when they asked if I was a student. My kids have all had to file the 1040 or the 1040A. I wonder if the EZ even exists anymore.