HOW FINANCIALLY FEASIBLE IS IT FOR STUDENTS?
Most university-run Washington, DC, internship programs charge students thousands of dollars to participate in their programs. The Hinckley Institute, however, has created a program where a student’s financial status should not inhibit his or her ability to participate. Accordingly, the Hinckley interest guarantees students a nationally-leading MINIMUM scholarship of approximately $850/month to cover living expenses if their internship is unpaid. In addition, the Hinckley Institute heavily subsidizes housing costs. (Total rent cost is $950/month, the HIP covers $400/month and pays for utilities; students pay $550/month). Subsidized housing is available at Park Place Apartments for only $400/month. The apartments are located at 850 Quincy Street, NW, Washington, DC, 20011. Four to five students share a two-bedroom, furnished apartment. Occasionally, the Hinckley Institute allows non-University of Utah students to stay in the student apartments for $950/month. All students are required to put down a non-refundable $100 down payment before they occupy the apartments, which will be applied towards their rent.
Students should understand the costs associated with a DC internship and budget accordingly. Access the DC internship calculator to help you budget costs. Students are also eligible to apply for the Bill Rishel Loan which offers up to $2,500 a year to undergraduate students. The Bill Rishel Loan is low interest and students do not begin paying back the loan until after graduation.