{"id":104,"date":"2019-06-29T01:53:18","date_gmt":"2019-06-29T01:53:18","guid":{"rendered":"https:\/\/www.luthersem.edu\/academics\/?page_id=104"},"modified":"2024-11-25T16:25:21","modified_gmt":"2024-11-25T16:25:21","slug":"financial-guidelines","status":"publish","type":"page","link":"https:\/\/www.luthersem.edu\/context\/internship\/financial-guidelines\/","title":{"rendered":"Financial Guidelines"},"content":{"rendered":"<h2>Understanding your financial commitment<\/h2>\n<ul>\n<li><strong>For geographically-restricted internships <\/strong>(no housing provided), total internship costs per year are about $30,000.<\/li>\n<li><strong>For geographically-open internships <\/strong>(housing and moving costs provided), total internship costs per year are about $48,000 (adjusting for fair-market housing costs).<\/li>\n<li><strong>For two-year, part-time internships<\/strong>, total costs are about $15,000.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<table width=\"910\">\n<tbody>\n<tr>\n<td width=\"545\"><strong>Expenses paid by internship site<\/strong><\/td>\n<td width=\"164\"><strong>Payable to<\/strong><\/td>\n<td width=\"201\"><strong>Amount per internship<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"545\"><strong>Administrative fee<\/strong><\/td>\n<td width=\"164\">Luther Seminary<\/td>\n<td width=\"201\">$2000 for Full-Time, $1000 for Part-Time<\/td>\n<\/tr>\n<tr>\n<td width=\"545\"><strong>Monthly Intern Stipend<\/strong><\/p>\n<p>\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0$2000 for Full-Time<\/p>\n<p>\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0 $1000 for Part-Time<\/td>\n<td width=\"164\">Intern<\/td>\n<td width=\"201\">$24,000 for Full-Time,<\/p>\n<p>$12,000 for Part-Time<\/td>\n<\/tr>\n<tr>\n<td width=\"545\"><strong>FICA<\/strong><\/p>\n<p>FICA is based on the total value of the stipend, plus housing provided. Please consult your site\u2019s payroll person.<\/td>\n<td width=\"164\">IRS<\/td>\n<td width=\"201\">varies<\/td>\n<\/tr>\n<tr>\n<td width=\"545\"><strong>Car\/Mileage Expenses<\/strong><\/p>\n<p>Based on approved expenses incurred in the intern\u2019s work.<\/td>\n<td width=\"164\">Intern<\/td>\n<td width=\"201\">varies<\/td>\n<\/tr>\n<tr>\n<td width=\"545\"><strong>Internship Cluster Retreats<\/strong> (for 2 events)<\/p>\n<p>Registration for both the supervisor and the intern. Cost varies by region.<\/td>\n<td width=\"164\">Host Seminary<\/td>\n<td width=\"201\">~ $1000-1500<\/td>\n<\/tr>\n<tr>\n<td width=\"545\"><strong>Housing &#8211; moving expenses<\/strong><\/p>\n<p>Only if unfurnished housing is provided to an intern. The site negotiates this with the intern in advance, and it is in addition to the mileage reimbursement paid to the intern by Luther Seminary.<\/td>\n<td width=\"164\">Intern<\/td>\n<td width=\"201\">varies<\/td>\n<\/tr>\n<tr>\n<td width=\"545\"><strong>Supervisor Training<\/strong><\/p>\n<p>Training is required prior to start of internship if the supervisor hasn\u2019t completed it within the last five years before internship starts. Offered via Zoom.<\/td>\n<td width=\"164\">Luther Seminary<\/td>\n<td width=\"201\">$50<\/td>\n<\/tr>\n<tr>\n<td width=\"545\"><strong>Healthy Boundaries Workshop<\/strong><\/p>\n<p>Required every three years for supervisors.<\/td>\n<td width=\"164\">LeaderWise, other accredited trainer, or via supervisor\u2019s synod<\/td>\n<td width=\"201\">~$100<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>*For more detailed financial information, please <\/strong><a href=\"https:\/\/drive.google.com\/file\/d\/14vuFLFp5dlE3G0VzhIay1uT1WbGF0tym\/view?usp=sharing\"><strong>see the current Internship Handbook<\/strong><\/a><strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Understanding your financial commitment For geographically-restricted internships (no housing provided), total internship costs per year are about $30,000. For geographically-open internships (housing and moving costs provided), total internship costs per year are about $48,000 (adjusting for fair-market housing costs). For two-year, part-time internships, total costs are about $15,000. &nbsp; Expenses paid by internship site Payable [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":102,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"content-type":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"class_list":{"0":"post-104","1":"page","2":"type-page","3":"status-publish","5":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial Guidelines - Luther Seminary<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.luthersem.edu\/context\/internship\/financial-guidelines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Guidelines - Luther Seminary\" \/>\n<meta property=\"og:description\" content=\"Understanding your financial commitment For geographically-restricted internships (no housing provided), total internship costs per year are about $30,000. 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