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.
Small businesses can offer employees a monthly mileage stipend for a prearranged fixed amount. For example, a small business may agree to pay an employee a set amount of $300 per month for using his personal vehicle for the business. Most stipends are included in an employeeâs benefit package.