What is a stipend internship program?

A Stipend Internship Program is a type of internship where interns receive a fixed amount of money, known as a stipend, for their work over a set period. This payment is typically intended to help cover living expenses, transportation, or other costs associated with participating in the internship. Unlike salaried positions, stipends are usually not based on hours worked but are provided as a lump sum or in regular installments. Stipend internships can be found in various industries and are often popular among students seeking practical experience while earning some financial support.