FAQ – Sloan Opportunity Stimulus (SOS) Fund

Frequently Asked Questions (FAQ) – 2021

I’m receiving funding through another source; can I also get funding through this program?
Funds are limited and intended to help those with no other source of funding. If you are receiving funding through another source, do not apply for funds through this program.

When is the deadline to apply for this funding?
Completed applications will be reviewed on a rolling basis beginning on April 12, 2021 until July 15, 2021. Applications must be submitted prior to the start of your internship. If this timing poses an issue, please contact mitsloansummerinternships@mit.edu.

When will I hear if my application has been approved? When will I receive payment?
We will announce funding decisions within two weeks of receipt of your completed application, and share that information with the finance office who will set up your fellowship payments. Internships of 10 weeks (40 hours per week), are eligible for $6,500 in fellowship funds. If you have questions about your specific situation, please contact mitsloansummerinternships@mit.edu.

How much funding can I expect to receive?
Once your application is approved, you will receive communication confirming the amount you should expect to receive. Students who are approved for this funding will be paid $650 a week, paid on a bi-weekly basis, during the time they are completing their internship or project, up to a total maximum of $6,500 for the summer.

Is there a specific duration required for the internship?
Typical internships and project lengths are 10 weeks. Please note: We are unable to fund internships and projects that are less than 2 weeks in length.

I graduated/completed my academic program but would like to do an internship this summer – can I apply?
In order to qualify for the fellowship, students must be enrolled at MIT Sloan for Spring 2021 and returning for Fall 2021. If you have graduated or completed your program at MIT Sloan, you will not be eligible.

I’m an international student and don’t have my Social Security Number (SSN) yet, can I apply?
Fellowship only appointments do not qualify students for a Social Security Number.

If you have additional questions, please email mitsloansummerinternships@mit.edu.