What does sponsorship cost?
The financial sponsorship is negotiated between the sponsor and the student. Sponsors cover a student's costs, eg, travel etc, in undertaking the work assignment or investigation. Others agree a rate of pay or financial reward for the work undertaken.
There is no requirement for sponsors to make a major financial contribution. The most important commitment is to provide a student with solid practical experience. The actual renumeration, if any, should be negotiated with the student and will depend on the time involved and the level of capacity. Sponsors usually report outstanding value for money.