what is a stipend

A stipend is a regular fixed sum of money paid for services or to defray expenses, such as for scholarship, internship, or apprenticeship. It is often provided to individuals pursuing unpaid work to help offset expenses such as housing and food. Stipends are commonly offered to researchers at academic institutions or other related organizations to help them focus on their projects. They may be offered in lieu of or in addition to a salary and are usually considered taxable income. Stipends are also used to help pay for work expenses, travel expenses, living expenses, wellness expenses, and more.