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Frequently Asked Questions: Finances

 

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Finances
General
Q: How much does each Bonner Scholar receive for their school year service?
Summer Living Stipend
Q: Whatís the purpose of the summer living stipend? Why is it separate from the summer earnings?
Q: How much summer living stipend are students entitled to each summer?
Q: If a student doesnít use the full amount to which he/she is entitled each summer, can he/she carry the balance forward to the next summer?
Q: What if a student doesnít do service during a particular summer? Does he/she still get a $1,000 credit for that summer applied to the following summer?
Q: How much summer living stipend is a replacement Bonner entitled to receive?
Q: If a Bonner replaces someone who has already used some or all of his/her summer living stipend allotment, does that fact reduce the replacementís entitlement?
Q: What sorts of expenses can the summer living stipend cover?
Q: What is the procedure that students must follow to receive the stipend? Is it necessary for the students to submit a budget for the amount they need?
Q: Must the students present receipts?
Q: What happens if a student underestimates his/her expenses during a particular summer?
Q: Can the students receive the summer living stipend if they are living at home?
Q: What happens to unexpended summer living stipend funds at the end of the summer? Do they remain in the pool for other studentsí use?
Q: How will we know how much a particular student has left in his summer living stipend ìaccount"?
Q: How and when do we report to the Foundation the unexpended amount of summer living stipend that needs to be reimbursed to our endowment or the Foundation?
Q: How do we treat the students in the Class of 2004 next summer?
Q: Since the summer living stipend money, beginning with the Class of 2005, is no longer ìpooled,î what happens to the surplus in our summer living stipend pool after the Class of 2004 graduates?
Q: What happens to the summer living funds allocated for a student if he/she doesn't complete the summer service?
 
 
   
   

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