monthly stipend
Recurring financial support
A monthly stipend is a fixed sum of money paid each month, typically to cover living expenses or support someone pursuing education, training, or unpaid work.
Unlike wages, stipends aren't tied to hours worked: The internship offers a modest monthly stipend, Graduate students receive a monthly stipend while completing their dissertations.
The amount is usually predetermined and consistent.
- allowanceFixed periodic payment
- wagePayment for labor
- paymentFulfilling a financial obligation
- direct depositFunds sent to account automatically
- grantBestow or award money
financial aid · fellowship · scholarship · grad student · PhD candidate · subsidy · income · cost of living · paycheck · living expenses · rent · budget · apprentice · graduate · intern · artist · basic income · researcher
monthly stipendlump sum
Entire amount at once
one-time payment · lump-sum payment · single payment · balloon payment · windfall
monthly stipendhourly wage
Pay calculated per hour
performance bonus · commission · salary · earned income · piece rate