Understanding Types of Student Payments

Understanding Types of Student Payments

Payment Type Financial Aid?
Fellowships and Scholarships

Paid to an individual to support the pursuit of study or research

Yes
Training Grants

An agreement that provides a coordinated training program for students; not compensation (no effort reporting)

Yes
Prizes/Contests Open To Students Only

Ex: Honors Taylor Research Award, Innovate Carolina Award

Yes
Prizes/ contests open to UNC students, staff, faculty or public No
Research studies and internships opportunities (UNC or external) Yes
Travel for the student’s academic benefit

Ex: attending or presenting at a professional conference; conducting fieldwork; and other research activities

Yes
Travel for University business

Ex: attending an admissions recruiting event for a department

No
Reimbursement of expense

Ex: a student purchases office supplies for their department from their own funds

No
Reimbursement of expense for personal research project or similar

Ex: A student is required to create a project to graduate and is reimbursed for the supplies

Yes
Employment Compensation

Research Assistant or Teaching Assistant positions held by students

No
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