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.
Copyright Â© 2012 AARP. All rights reserved. Social Security is paid for through taxes. (No surprise there.) But youâre not the only one paying into the Social Security pot: Your employer also pays a portion of your Social Security tax.All that money thatâs taken out of your paycheck today goes to pay the benefits for todayâs retirees.If youâre a wage earner, you pay into the Social Security system straight out of your paycheck. This payroll tax is dubbed âFICA,â which stands for the Federal Insurance Contributions Act.ll that money thatâs taken out of your paycheck today goes to pay the benefits for todayâs retirees. If youâre a wage earner, you pay into the Social Security system straight out of your paycheck. This payroll tax is dubbed âFICA,â which stands for the Federal Insurance Contributions Act.