1 Consider starting a psychology club at your school. 2  Look for volunteer opportunities in your community. 3  Start looking at universities during your junior year.  Get to know your teachers so that they will be able to offer good letters of recommendation.
A stipend is a fixed, regular payment, usually meant to pay for something specific. It's kind of like an allowance, but for grownups â a college scholarship might include a stipend each semester for books, for example.
Webster Dictionary (0.00 / 0 votes) Rate this definition: Stipend (noun) settled pay or compensation for services, whether paid daily, monthly, or annually. Stipend (verb) to pay by settled wages. Origin: [L. stipendium; stips, gen. stipis, a gift, donation, given in small coin + pendere to weigh or pay out.]