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.
The words wage and stipend both mean compensation, but the terms of employment are different for each. If you have a choice, or an opportunity to earn one or the other, a good understanding of the differences is essential. Tax and legal implications arise when you earn either form of compensation. A stipend is a regular payment of money to an individual by the terms of a contract. Other benefits, such as food and housing, often accompany a stipend. Those earning a stipend aren't necessarily employees -- they may be agents, freelancers, interns or independent contractors.