What is stipends?

[niyati]

Can someone explain meaning of stipends.

 

[Emly]

A stipend is a fixed, regular payment given to individuals, often as financial support rather than as wages. It is commonly provided to interns, trainees, researchers, or volunteers to help cover living or travel expenses while they gain experience or contribute to a project. Unlike a salary, a stipend may not be tied to hourly work or employment benefits.

 

[robertwilliam]

A stipend is a fixed, regular payment, usually meant to pay for something specific. It's kind of like an allowance, but for grownups — a college scholarship might include a stipend each semester for books, for example.

 

[jasminsain]

A stipend is a set, recurring payment made to someone, frequently as a form of financial assistance as opposed to compensation. It is frequently given to volunteers, researchers, interns, and trainees to aid with housing or travel costs while they work on a project or gain experience. A stipend might not be linked to hourly labor or job benefits, in contrast to a wage.