A stipend's a form of monetary payment or salary, such as for an internship or apprenticeship. Stipends are usually lower than what'd be expected as a permanent salary for similar work. This's because the stipend's complemented by other benefits such as accreditation, instruction, food and/ or accommodation. Universities usually refer to money paid to graduate students as a stipend, rather than as wages, to reflect complementary benefits. Background Stipends may be utilized by non-profits or… (More on Stipend)