Funds would be requested through your NSF Program as a supplement to a new or existing grant. This is a common path and can be tailored very specifically to your program and students. There is considerable flexibility in the design. The National Science Foundation makes possible a number of opportunities for undergraduates to join research projects each summer. Each Site consists of a group of ten or so undergraduates, who work in the research programs of the host institution.
Students are in general accepted from throughout the country.
In addition, seminars, lunch meetings, and social functions are organized to facilitate interaction between the undergraduates. Suggestions Many of the suggestions for REU's are for individual REU's. They are similar to those for research experiences for teachers. In the long run, this will lighten your workload. This will vary, depending on the scope of the project.