Finances for Internship
Interns: at the start of internship share this sheet with the church treasurer to gain a clear plan for payments and due dates.
1. Due Dates for Health Insurance & Tuition/Fees
$2,412 annual student basic plan
$2,856 annual spouse basic plan
$1,824 annual child basic plan
All tuition and fees are due the first day of each semester: These dates are:
September 2, 2009
January 28, 2010
*Students: refer to page 61 in student handbook or on campus directory part of www.ltsg.edu website for further details of the health plan
Student is responsible for paying bill or doing a reconciliation form with documentation, or providing congregation site with a balance due. Students: please keep your accounts current as you won’t be able to register for any classes with outstanding bills.
Please mail all payments to:
Financial Services Office attn: Tammy Sanders
Gettysburg Lutheran Seminary
61 Seminary Ridge
Gettysburg, PA 17325
We welcome our new Controller, Mr. Gary Williams
2. Financial Aid during Internship (Loans) and next year: Kelli Payne, Financial Aid Director X. 3008
a. Loans are available using the same procedures during Internship
b. Scholarships are not available during Internship, but you should apply anyway
c. Remember to apply for Financial Aid by the required due date for the next year (generally April 15). Lent happens every year.
3. Tax Implications of Internship
a. Your status is as an employee
b. Not Eligible for tax-free clergy housing under Section 107
c. May be eligible for exemption for lodging provided on the employers premise for the convenience of the employer under Section 119
d. Social Security should be withheld as an employee (should not be subject to SE)
e. Your Stipend is taxable
f. Your housing is taxable unless © above
g. Payment for tuition/health insurance could be considered tax-free
h. State laws may differ
TYPES OF INTERNSHIPS AND APPROXIMATE COSTS
(2009-2010 School Year)
Regular Internship (12 months; full time -- no course work)
Monthly Stipend ($1,100.00) $ 13,200.00
Housing (provided by site or approximate re-numeration) $ 7,000.00 Approx.
Mileage on job (IRS Standard Rate) $ 1,500.00 Approx.
Tuition Fee (one-time fee) $ 1,000.00
Travel Pool (one-time fee) $ 500.00
Social Security
(Congregation is responsible for employer's share;
student must pay income tax on his/her income.) ELCA Student Seminary Insurance
It is the responsibility of the student to maintain
the ELCA Student Insurance. Congregations may wish
to help underwrite this cost for the intern year.
($2,412.00/yr for student)
Tech Fee-e-mail/website/technology services $ 160.00
______
*Total: $23,360.00
Concurrent Internship (21 months - 20-25 hrs. per week in congregation;
one-half course load; over two scheduled years plus one summer)
Monthly Stipend ($550.00 x 21 months) $ 11,550.00
Housing Equivalency $ 4,600.00 Approx.
Mileage on job (IRS Standard Rate) $ 2,500.00 Approx.
Tuition Fee (one-time fee) $ 1,000.00
Social Security
(Congregation is responsible for employer's share;
student must pay income tax on his/her income.) ELCA Student Seminary Insurance
It is the responsibility of the student to maintain
the ELCA Student Insurance. Congregations may wish
to help underwrite this cost for the intern year.
($2,412.00/yr for student)
Tech Fee-e-mail/website/technology services $ 160.00
______
*Total (21 mo. period): $19,810.00
*Please note: totals are approximate and subject to change depending on housing costs, mileage, and seminary insurance.
kd 9/08
INTERNSHIP AGREEMENT – 2009-10
It is agreed by the undersigned parties to this internship that they will abide by the Manual for Internship as set forth by the Lutheran Theological Seminary at Gettysburg. The following specific conditions are accepted.
Student ______
Congregation ______Synod ______
Address ______Pastor______
______Church Phone: ______
City State Zip
Period of Internship: From: ______To: ______
Internship Costs:
Educational Stipend (ELCA Standard Amount): $1,100.00/mo. (Concurrent: $550.00/mo.) ...... ______
Car Allowance (55.cents per mile) ...... ______
Travel Pool ($500.00 annually, standard amount) ...... ______
(Exception: Concurrent internships)
Housing/utilities provided ____ yes ____ no
If "no," housing/utilities allowance ...... ______
Tuition: $1000.00 annually (Concurrent: $250.00 per semester) ...... ______
The student is responsible for paying his/her tuition in the
event it is not paid by the Congregation.
ELCA Student Seminary Insurance ...... ______
It is the responsibility of the student to maintain the ELCA
Student Seminary Insurance. Congregations may wish to help
underwrite this cost for the intern year.
Vacation (specify, if known) ...... ______
Tech Fee $160.00 (e-mail/web-site/technology services...... ______
Day Off (specify, if known) ...... ______
Special duties or considerations:
Pastor ______Intern ______
Date Date
Congreg. Rep.______Seminary Rep.______
Date Date
Note:
** The Congregation is responsible for employer's share of social security. Student must pay income tax on his/her income.
** It is understood and accepted that the authority of the pastor-supervisor is recognized by the Seminary and student.
** No part of the program shall be construed as interfering with responsibility of pastor to and for the congregation, or with the congregation's ministry in the community.
** Any change in the terms of this agreement should be by mutual consent and with written notice to all parties involved.