One student funding opportunity is through the NSF REU program. This program supports active research participation by undergraduate students in any of the areas of research funded by the NSF.
NSF REU Supplements are the most common of the REU programs. Supplements are requested for an active grant or as a special request within a new or renewed proposal. Supplements usually support 1 or 2 students, and students from home institution during the academic year. Academic year stipends for IU students are treated as scholarships, and are added to their bursar accounts. Supplements must be related to an NSF grant.
During the summer, REU Sites are based on independent proposals to establish a site. They may support students from any institution. Sites conduct projects that engage a group of 10 +/- undergraduate students in research programs of the host institution. Each student works closely with faculty and other researchers on a specific research project (The project itself does not have to be NSF-funded).
Sites are intended to involve students who might not otherwise have the opportunity to conduct research. At least half of the participants must come from institutions where STEM research opportunities are limited. Summer sites are usually 8 weeks in duration. Site awards are used to provide student stipend, housing, food, and travel.
If you are interested in establishing an REU Site, contact department chairs and students at IU or other institutions to inquire about potential participants. Good sources for participants include prior participants to inquire about potential participants within their network, local community colleges, historically black colleges & universities, hispanic serving institutions, or tribal colleges & universities, conferences and professional societies.