We plan on distributing the $5,000.00 scholarship with $1,000.00 being added to the first stipend (to help offset moving costs) and $4,000.00 added evenly to the remainder of your biweekly stipends. However, we are open to working with the scholarship recipient to customize the distribution of the funds to better match their needs.
Please Note: The Cost of Living Scholarship and the biweekly stipend are considered taxable income by both the Internal Revenue Service and the Maine Revenue Service. Thus, taxes will be withheld automatically from your paychecks.