Selenium has been accepted into the Google Summer of Code program. This means participating students will get $5000 USD to hack on Selenium-related Open Source projects in the summer, while getting mentored by contributors of the Selenium project.
The deadline for application is April 9, 2010 and Selenium still has open slots - from writing python bindings for Selenium 2.0 to writing mobile support for Android and iPhone to Selenium IDE 2.0. You can suggest projects as well.
Once you have submitted your application, you will have until April 18, 2010 to fine tune your proposal with our mentors. Google will announce the list of accepted students / proposal by April 26, 2010.
You can find more information here: http://code.google.com/p/selenium/wiki/GoogleSummerOfCode
Link to apply: https://summerofcode.withgoogle.com/
If you know students (or people that have children :-) attending college, please pass this info along. This is a great opportunity for students to work on open source projects that's used by millions of developers and QA professionals, gain skills in Selenium and ultimately help drive higher quality software everywhere.
Do note that most of the work will be done off-site, however, if you are paired up with mentors in San Francisco, LA, Portland, London... you may have a chance to work with them directly too.