• A stipend is a nominal amount of money paid to trainees, interns or students to cover basic expenses during their training.

  • Scholarships are offered to individuals, not salaries.
  • Interns, students, fellows and clergy often receive scholarships.
  • Taxes are not deductible from scholarships, but they are considered taxable income, meaning recipients must pay their own withholding taxes.
  • The government has certain standards and regulations regarding how and for what reasons scholarships can be awarded, as they can often be below the minimum wage.