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Through Income, Salary and Master's degree

Stipends are usually lower than would be expected as a permanent salary for similar work. This is because the stipend is complemented by other benefits such as accreditation, instruction, food, and/or accommodation.

Some graduate schools make stipend payments to help students have the time and funds to earn their academic degree (i.e. master's and doctoral degrees). Universities usually refer to money paid to graduate students as a stipend, rather than wages, to reflect complementary benefits.

Background

Stipends can be used to compensate interns at non-profit organizations, however they are discouraged to be used for volunteers as this may require that they be reported as employees and therefore tax paid on the stipend. This type of stipend is temporary and normally lasts for less than a year.

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