Students may be able to apply for academic credit for the work done. Internships and fellowships differ primarily in the focus of the application. Refer to the individual term definitions for more complete explanations. An internship is a part-time job during the academic year or the summer months in which a student receives supervised practical training in a their field. Internships are often very closely related to the student's academic and career goals, and may serve as a precursor to professional employment.
Some internships provide very close supervision by a mentor in an apprenticeship-like relationship.
Some internships provide the student with a stipend, some don't. A job is employment, suitable for inclusion on a resume. A loan is a type of financial aid which must be repaid, with interest. A nomination is a proposal that one can be a candidate for election, or selection, for an office, responsibility, membership, or honor. A prize is a reward or recognition for work done or significant achievement, much like an award .