The majority of internships offered are unpaid. Securing a paid internship, while feasible, is not guaranteed. That said, the College, as well as external providers, offer funding to assist students with costs associated with unpaid internships.
Lake Forest College Internship Funding Program
Students are encouraged to consult with their Internship Specialist, as well as the Office of Financial Aid regarding strategies for making an internship in their chosen field financially accessible. Students should start internship planning and budgeting early.
Eligibility
Funding may be available to eligible students completing unpaid Academic (for-credit) Internships. That said, priority will be given to juniors and seniors completing domestic Academic Internships. Funding is meant to assist with the cost of an unpaid Academic Internship that a student would not otherwise be able to pursue due to financial constraints. Awards are largely based on financial need.
Considerations for funding decisions include, but are not limited to, the following:
- Financial Need
- Educational Benefit of Internship
- Clarity and Quality of Application
- Quality of Resume and Strength of G.P.A.
- Prior Funding Received
*Students participating in an off-campus program, such as the Lake Forest College In The Loop or ACTIVATE programs, or completing non-credit internships are not eligible for funding.
Award Amount
Students may qualify for funding to help alleviate costs associated with their unpaid Academic Internship. The majority of funding awards range from $300-$1,000.
- Most awards will be applied towards transportation*, uniforms, and other costs above and beyond the cost of a typical semester at the College.
- Funding is not available to cover the cost of the actual internship credit(s).
- Funding is limited and is not guaranteed. Therefore it is strongly recommended that students budget for internship-related expenses and pursue additional funding sources.
*Certain internship sites, especially those in the Health Care field, may require drug testing. Drug testing is available through Lake Forest College's Health & Wellness Center via the blood draw service they offer for send out laboratory tests through Labcorp. Students who need drug testing must check with the Health & Wellness Center first to see if they can provide the necessary testing before applying for transportation funding to an off-campus test site.
Important Deadlines
Application Deadlines
- Fall and Spring Semesters: One week prior to the add/drop date for classes.
- Summer Terms: One week prior to the first day of the Summer 1 Term.
Late applications will only be considered under special circumstances and require an appeal to the Career Advancement Center. For additional information, contact cacintern@lakeforest.edu.
Secured an internship and ready to apply?
Students must have secured an unpaid internship and plan to complete it as an Academic Internship for credit before applying for Lake Forest College Internship Funding.
If you have secured an unpaid internship, complete the Internship Funding Application.
Additional Grants
These are some additional grants that may be available to students.
Lake Forest College Summer Grant
Students may contact the Office of Financial Aid to determine eligibility for a Summer Grant to reduce the cost an Academic Internship completed during the Summer Term.
Please note that the Summer Grant is separate from the Lake Forest College Internship Funding Program.
Gilman Scholarship Program
The Benjamin A. Gilman International Scholarship Program offers grants for U.S. citizen undergraduate students of limited financial means to pursue academic studies or credit-bearing, career-oriented internships abroad.
Such international exchange is intended to better prepare U.S. students to assume significant roles in an increasingly global economy and interdependent world. Awards may be made for summer or semester Academic Internships. Students must be eligible for a Pell Grant to apply.
Contact Director of the Global Engagement Office, Allie Olson, for details (847-735-5231, aolson@lakeforest.edu).
Interested in Funding?
Secured an unpaid internship?
Students are required to have an internship secured prior to applying for funding. If you have secured an internship, please complete the Internship Funding Application.
Questions?
Direct your inquires to the Career Advancement Center at cacintern@lakeforest.edu.