This financial policy and procedure instruction provides guidance for determining the proper mechanism for various types of payments to students of the University.
Compensation is an amount paid to a student in return for services rendered.
Stipends and honorariums constitute compensation since they are payments received in return for services rendered. Scholarship payments are based on future or continuing educational activity. Scholarships are not compensatory and do not require the performance of a service. A fellowship is an amount paid to, allowed to, or for the benefit of, a student to aid him or her in the pursuit of research. Fellowships are based on future or continuing research activity.