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Financial support of undergraduate thesis work is assumed, both by the administrators who provide it and the faculty members who oversee it, to provide an incentive for undergraduates to complete their theses. At Butler University two different academic units supervise this process: the Honors Program for thesis oversight and the Butler Institute for Research and Scholarship for funding oversight. We have seen that the effect of financial support for undergraduate thesis work can become obscured when two separate programs are involved in the process. Thesis support at our University was examined by and from the perspective of both programs over a period of seven years.