Suppose Eastland College does not have a summer program and could rent out the campus to various summer sports camps for $100,000. The potential revenue of the summer camps represents an implicit cost of capital.
The mission of the MIT Summer Research Program (MSRP) is to prepare and attract the most talented individuals for graduate study at MIT, to advance the value of graduate education, and to enhance the research enterprise via greater diversity.
It is sense to apply to several of these programmes in a year to increase your chances of acceptance because admission to these programmes is very difficult. If you are successful, these programmes can significantly increase your research experience and are a great addition to your resume (CV).
The intersession between academic years is referred to as summer session. The summer session begins on the first working day after the end of the academic year and ends on the final working day before the start of the new one. It does not fall under the 175-day academic year.
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