August 02, 2013
In 2013 Career Education assisted students with more than $26,000 through the Internship Scholarship funds. The Career Education and Vocational Reflection office saw an increase in students with summer internships seeking financial assistance through the Internship Scholarship program. Often, students are relocating or taking unpaid internships simply for the experience, and Internship Scholarship funds help students absorb some of the costs.
In 2012, the funds were increased to just over $26,000 by a generous donation from The Circle. The Circle Internship Fund comes from a group of dedicated H-SC fraternity men, headed by Michael Palmore '97, who help their undergraduate Greek brothers afford summer internships. Most of The Circle funds are raised at their annual gala and silent auction in November in Richmond.
As well, Richard Pantele '13 discovered The Watts Chi Phi Internship Endowment, donated posthumously by Charles Wilder Watts, Jr. '31, (picture from 1931 Kaleidoscope) a Chi Phi brother. This had not been used since endowed in 2008. It yields approximately $3,500/year, depending on the market.
In May 2013 Career Education assisted 23 (up from 13 in 2012) students who otherwise may not have been able to afford their summer internship. In total, 28 students applied for financial assistance, with total requests equaling $72,914; compared to $32,402 in 2012. This year proved to be a more competitive application process, with the review committee making some tough decisions based on many factors, such as whether the internship is paid or not, if the student is relocating from home, and length of the internship. All eligible applicants received a scholarship although, because of the high demand, not all needs were met as requested.
Interesting things some of the interns are doing: