Students may be able to obtain funding for particular projects from outside the department. Both the H&S Dean's office and the College Provost's office have funding for students engaged in innovative work.
If you have a project you would like to collaborate with a professor on, consider spending two months of a summer being paid for the experience! This is great experience.
Dana Student Internship Program
Similarly, the Dana Program through the Provost's office might be worth investigating, either for an internship or a faculty-student collaborative project.
Emerson Summer Internship Program
This program can provide funds for an internship to rising seniors that is credit bearing, thereby defraying its cost to a student.
This does not exhaust the list of possible opportunities for students either within IC or outside of it. After all, there are grants, fellowships, and awards available from a variety of programs and foundations off campus. Looking into the assets available to you through the School, the College, and beyond is a wise way to make the most of your time here.