The summer is off to a great start again. Google just announced that they will sponsor 18 Drupal developer stipends in this year's Summer of Code program (SoC). Google provides a stipend of 5,000 USD to each student developer, of which 4,500 USD goes to the student and 500 USD goes to Drupal Association (or to the mentors). With 18 accepted applications this adds up to a 90,000 USD investment over a three-month period. In addition to Drupal, they are supporting a ton of other Open Source projects, including PHP, which Drupal heavily depends on.
The accepted students, their projects, and the mentors are listed on the official Drupal.org announcement. Congratulations to all successful applicants, and thanks to the Drupal Summer of Code organizers, the Drupal mentors, and last but not least, Google. Awesome!